Well, I see Athertonmuscle head is back. Has tried pumping Elon numerous times in the past. Problem is Elon is a small company that has some insignificant unique applications, i.e. street lights and McDonalds load control, that has little to do with the smart metering technology necessary to control the grid and provide metering services for major utilities. Wow, looks like he is really excited promoting Itron to buy Elon: "If Itron was smart, they would of made an offer for ELON instead of that European metering company,” Itron may very will buy Elon, but not a $14.00.
Well, at least there is one knowledgeable person on this board and is not trying to pump life into that small Echelon company.
I think it is reacting consistent with the general malaise of the market created by the current state of affairs in Washington.
Well, today's announcment really got the attention of the parasitic bashers! If they had any understanding of the industry at all, they would know that Itron is light years ahead of the other companies that are trying to catch up. divinduck is apparently trying to cover his short position. I suggest, if he cannot contribute something intellectually positive to this post, he should crawl in his hole and get off this board!
Apparently there are some really nervous owners of this stock who do not understand the utility industry and sell on the slightest hint of perceived negative short-term developments. Looks like they are slinking back today.
Probably a factor. I think Itron is following the market, now but will recover. Utility capital spending is relatively constant. One way to go green is to encourage AIM. Obama is green so I think we will see more and more spending for AIM.
Don't know about takeover, but one thing is sure, utilities capital spending plans are relatively stable and they can save a lot of operating costs by implementing automated metering.
Maybe a small impact, but I doubt it will be huge. Utilities capital spending plans are usuall fairly stable and installing AIM devices is one way to achieve large savings in labor costs. Further, utilities are being required to install AIM devices for load conservation, peak demand control, etc., so I doubt that the economy will significantly impact Itron, IMHO.