Vendor results 1Q05

Motorola reported record 1Q05 sales at $8.2bn (+10%); earnings of $692m (+48.5%). Motorola generated operating cash flow of $438m in the quarter. Motorola sold 28.5m mobile phones.

Thomson posted €1.89bn revenues in 1Q05, up 15%, of which € 527m in Services, € 698m in Systems & Equipment, €134m in Technology, and €668m in Displays.

Juniper announced pro forma 1Q05 profit of $75m (up 14%), on revenues of $449m (up 4.5%)

Tellabs reported 1Q05 sales of $436m, up 17% pro forma, and net income of $0.7m. Transport account for $158m in revenues (+16%), access (AFC) for $128m, managed access for $93m (+34%), broadband data for $7m (up 69%), voice quality for $15m (down 34%), and services for $35m, up 11%.

Qualcomm (USA) said its 1Q05 revenues were $1.37bn, up 12%, and net income was $532m, up 9%.

Zhone (USA) posted 1Q revenues of $28m (up 31%) and a net loss of $ 5m. EBITDA was $1.7m.

Intel announced Q1 net profit of $2.2bn (up 25%), on revenues of $ 9.4bn (up 17%). Cellphone chip sales were nearly doubling.

Lucent posted 1Q05 revenues of $2.3bn, up 6%, operating income of $275m (down 13%) and net income of $282m, up 62%. Revenues in the USA grew 10%, while outside the US, it only increased 1%. Mobile revenues grew 24% in the quarter, while INS revenues decreased 18% to $589m, and Worldwide services revenues were up 4% to $499m. Optical networking continues to decline (- 27%) to $165m, as well as voice (-26.5%), while data is almost flat (+1%).

Adtran announced 1Q05 sales of $ 105m (down 8%), net income of $15m (down 25%) and an improved gross margin to 57.6%.

TCL Comm. (China) posted a 1Q05 net loss of $ 48m (vs. profit in 1Q04). TCL sold 9.5m handsets under TCL brand and sold 2.5m handsets under Alcatel brand. With ASPs falling as much as 20% in 2004, gross margin fell a lot (down to 14% for TCL brand and to 13% for TAMP brand). TAMP reported a $ 33m loss in 2004.

Check Point Software reported 1Q05 revenues of $138m, up 19%, and net income of $74m, up 76%.

Ericsson posted solid first quarter with revenues of $4.56bn (up 12%) and net income of $666m (up 77%). Gross margin increased to 48.5%. Mobile networks revenues rose 11% to $3.4bn, Fixed networks increased 17% to $ 145m and Professional services grew 9% to $650m.

Nokia reported strong quarter with revenues of €7.4bn, up 17%, net profit of €863m, up 18%. Mobile phones accounted for €4.5bn (+11%) and Networks for €1.4bn (+6%). Nokia sold about 54m mobile phone units in the first quarter of 2005, up 20%+.

Amdocs announced $488m in revenues for the quarter (+10%), and net income of $ 74m (+23%).

Avici posted revenues of $ 10.7m (+53%) and almost halfed net loss to $5.6m.

Foundry said its 1Q05 revenues were $85m (down 19%), and net income of $10m (down 50%).

Broadcom reported 1Q05 revenues of $550m, down 4%, and net income of $69m, up 72%.

Scientific Atlanta announced 1Q05 sales of $490m, up 12%, and net earnings of $62m, up 14%.