Thank you for the great insight Wunderlich! This tidbit of information was already factored into the share price about 6-9 months ago. The current stall has been driven by the overall economy, Itron has not provided anything concrete to show it is overcoming the slow growth in NA, addressed by recent CEO change. The International division has been growing and Itron is pumped up about its chances to win its share of the French business, despite the Echelon cheerleader.
Ain't no love today, that's for sure. Where is the International business coming from for Itron and what percentage of revenues? I would be excited about the possibilities in France but there is a long way to go and a number of other vendors that are going to be bidding against Itron once the bidding is open to the public.