Vendor results - 11/09/06

Tandberg TV is blaming sluggish IPTV deployments for itsFY3Q revenue shortfall. 3Q revenues should be arouns $80m, 20% less than expected. The stock was down 38% after the warning.

Cisco reported full year sales of $28.5bn (up 15%) and profit of $5.6bn (down 2%).

Huawei announced that 1H revenues were $3.3bn and should be over $8bn (above target) by the end of the year. Gross margin, however, lost 4 points to about 38%, translating any challenges Huawei has to face in China and abroad. Orders grew 25% in 1H06 to $5.2bn, of which 65% are made outside China. Orders should be over $10.7bn by the end of the year.