ITT Corporation (ITT)

Add a New Bears Reason Company: ITT Corporation (ITT) Current price: Headline: (100 character max) Analysis: Cancel 33% agree 3 votes   Accuracy Of Findings Top Contributor: I B | Created when NYSE:ITT was $41.95 | Edit | History In 2007 it was all over the news and web that ITT had produced equipment that was faulty, unqualified personel and so on. When the truth was that the findings that was being broadcast in the news and web was in fact an inspection conducted in 2005 when the contract began. In the 3 years that I have been with ITT, the quality and quatity has improved and increased. We all take pride in or work that we do, and it shows in what we send out. I would like to know how accurate are these recent findings. (100 character max) Cancel 20% agree 5 votes   ITT Corporation could be debarred from doing business with Federal Government Top Contributor: Darlyne LEEDSHISTER | Created when NYSE:ITT was $55.41 | Edit | History BS reply from competitor....If the DOJ and FBI investigation of ITT show that ITT violated it's 5-year probation agreement, which had the purpose of putting a debarrment on hold, ITT could be looking at losing $7 Billion in Government contracts from it's defense sector. It is hard to understand how a responsible Government Contracting Officers and the Generals that oversee them, can allow a company that has been convicted of 2 felonies, to be awarded any new business. I guess the Federal Government is still gambling with taxpayer money and are ignoring this. http://www.justice.gov/nsd/pdf/it_information_plea_agreement.pdf http://www.usdoj.gov/nsd/pdf/itt_statement_by_usattorney.pdf (100 character max) Cancel

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.