Vendor results - 25/03/07

Terayon reports preliminary financial 4Q06 results. 4Q06 revenues were $18m, down 42%, and 2006 revenues were $76m, down 16%. 4Q06 net loss was $5m, deeper than $3 in 4Q05, while 2006 loss was $3m, narrower than $27m in 2005.

Italtel (Italy) announced solid earnings for the 2006. Net income was €14m (+3%) on revenues of €546m (flat). Export business grew 27%, due to an increased expansion in Middle East and Eastern Europe.