Iteris, Inc. (ITI)

[mrholty]

Col. Sanders-

I remember a few months ago you posted some vague hints about owning a stock etc in LA, owned by certain funds etc that you really liked and because I was inquisitive I came across this one and another one that escapes me. I bought a few shares for tracking but I have to ask you about your thesis.

On EVIQ (formerly Merulo) you appear to be very apprehensive on the state of the Californian economy, especially its municipalities to be able to pay their bills effectively. How then can you hold this. This company provides a service for flow mgmt of transportation networks. To me, if a budget starved muni, state etc has to make cuts their first cuts are to services that are nice for a community but not critical. Fixing potholes are critical, helping people nagivate traffic is not. The gov't role is to provide the service. There are enough outfits out there such as Waave that will do this for the consumer.

Why the love for a company that is tied to gov't contracts?