bash shell script - Find word in text file

I have a text file that I want to hunt for an item then echo it.

The data in the file looks like this:

ITEM:  1411    DATE:  3/1/03

What I want to do is pull the number right after ITEM: and the date after DATE:, there are several spaces between ITEM: and the number as well as several spaces after DATE:

I want to put the following in a variable, so I can echo it later:

Any ideas?

Thanks in advance!
Who is Participating?

[Product update] Infrastructure Analysis Tool is now available with Business Accounts.Learn More

I wear a lot of hats...

"The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. Experts Exchange gives me answers from people who do know a lot about one thing, in a easy to use platform." -Todd S.

variable=`awk '/ITEM: .* DATE: /{print $2 ";" $4}' file`

Experts Exchange Solution brought to you by

Your issues matter to us.

Facing a tech roadblock? Get the help and guidance you need from experienced professionals who care. Ask your question anytime, anywhere, with no hassle.

Start your 7-day free trial
It's more than this solution.Get answers and train to solve all your tech problems - anytime, anywhere.Try it for free Edge Out The Competitionfor your dream job with proven skills and certifications.Get started today Stand Outas the employee with proven skills.Start learning today for free Move Your Career Forwardwith certification training in the latest technologies.Start your trial today
Unix OS

From novice to tech pro — start learning today.