Sorry to spoil the party but let me be the devils advocate...

Sorry to spoil the party but let me be the devils advocate here.
What if there are no announcements of new clients but just a half yearly report of a $5 million loss with only a expected slight improvement in profitability for the next half year?
From what I have read of their announcements, they were "shortlisted" in 3 nth america rfp processes and bidding on another 3.We have heard that 1 has come to fruition but no guarantee that the others will.
As for the merger or takeover speculation They say its only early days and it may just be a partnership deal which may or maynot enhance the companys value.
I am a holder of ITE and I believe they have 1 great product and 2 good ones but in the software business great products get superseded pretty fast.
Thats my 2 cents worth.:)