RE: The IDC we know "Positive news release of contract renewal and share price goes down."
Well Fraser, if you keep things in relative perspective, it is negative.
Their whole story was we are not going to announce every small contract, so that is why you don't hear much. You guy's were left feeling that a contract release from them would therefore be the cream of the crop of what is really going on. So they announce after such a long wait...Drum roll please...Are you seated?...Your patience is about to be rewarded...Ok, here it comes !!!....We did not lose a pre-existing small contract. It has been renewed for 2 years with a 3 year option after that.
That is what they had you waiting for? The appropriate word here would be "Anti climatic". If that is the 'bigger news' that warrants a press release, then everything else that has been going on is smaller than that. If that is so, then you are really going to take a kicking on this quarterly report.