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.

this lot was exposed as being crooked a while back .... why would anyone still be invested?

Quite. Not one for me but just happened to see the drop and reminded me why I don't have a stake.