Sorry havent got much information on this one yet so if you are interested please please do your own research to compliment the information I have been given. Sorry just back from holiday.

I dont think techs are in fashion at the moment but this company could just have the contracts awaiting to be announced that could really put it on the map.

Citywire yesterday gave out this news....

Telit chief executive Oozi Cats told Citywire that the company should have a dramatic announcement with one of the worlds biggest companies in the next couple of weeks for its data product business, and another with one of the biggest mobile operators in Europe for its latest branded 3G phones.

Telit has two distinct divisions, both built on its know-how and expertise in mobile communications. The first supplies non-branded handsets to mobile phone operators and retailers. The second, the data products division, supplies a radio frequency GSM engine that enables machine-to-machine communication over mobile networks. ENDS.

Well its obviously very speculative but might be just worth a punt.

More information when I recieve it.

Please DYOR.

cheers Gf.

PS, its well below its placing price aswell.

I wonder who it is then?. I see a big buy of 25 ,000 as gone through.

So Mr Cat is going to update in the near future. Wondering wether to buy some more now.

cheers GF.

cross trade showing looks a bit strange

and wee tick up follows

Was just thinking that myself. I thought they were supposed to change hands in one transaction at the same price. Can anyone help here?.

cheers Gf.

Moving up niceley and still way below its placing price. News on another large contact due anytime.

cheers GF.

nice solid day.....lots of room above 118

Now above a quid. NICE.

cheers GF.

WOW look at this..........................

30-Sep-05 Telit Communications TCM Cats, Oozi 500,000 @ 110.00p 550,000
30-Sep-05 Telit Communications TCM Cats, Oozi 37,500 @ 96.00p
A director putting his own money behind the company.

Must say though Id rather a Jack Smith or a Joe Brown was running the company. These fancy yuppy names tend to put me off.

cheers GF.

nice couple od days on this one....chart looking healthier too however would be delighted if it could clear the 120 mark

Im sure it will TW and in fairly quick time.

cheers GF.

Any chance that 34.5p is the bottom for TCM, following the recent director purchase?

Wow! Up 25% today. Does anyone know why?

Much wider losses announced but break-even expected by the end of this year led to a 25% hike today!

Another good day and finally through the price I bought in at - phew!

Telit Communications PLC said an investment consortium led by its chief executive, Oozi Cats, has agreed to buy 12 mln shares, or 27.77 pct of the voting share capital, in the company from Polar Investments Ltd at 0.64 eur per share.

BOOSTT, which includes a group of Italian investors led by former Telecom Italia chief executive Franco Bernabe, said it plans to nominate Chicco Testa, a director of Telit's Italian subsidiary, as Telit's chairman.

After the deal is closed, expected on May 3, BOOSTT will have first refusal to buy up to another 19.9 pct of Telit held by Polar -- which still holds a 25.4 pct stake -- should it decide to sell.

In addition, Polar has agreed not to purchase further shares in Telit if it would result in BOOSTT not being the largest shareholder in the company.

Q1, this comapny appears t be making the right noises.

Any news on that Seymour Pierce "buy" recommendation that was published after the results came out? It would be interesting to see what the price target was.

No ST but I think initially back to the 70p level is achievable. Who knows after that?

We're cooking again today soul traders :-)

media comment, click HERE

One perhaps to watch - IC - 2013 price/earnings (PE) multiple of 14.6, falling below 10 next year, could be seen as a bargain for a company with increasingly reliable earnings and the potential to dominate an estimated $1.7 billion industry