Vendor results - 16/12/06

Siemens cuts 2006 net income following additional tax charges related to ongoing corruption scandal.

Ciena reports FY4Q06 revenues of $160m, up 35%, net income of $13m vs loss last year. FY2006 revenues were $564m, up 32%, while net income of $0.6m, vs loss of $438m last year. It is the first true profitable quarter in five years (since the telecom turmoil). As a result, Ciena ' share has jumped more than 9% to $27.3