Nordic Business Report-September 6, 2006-Tandberg Television ASA issues profit warning
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The Norwegian digital video solutions provider Tandberg Television ASA issued a profit warning on Tuesday (5 September), saying that it expects its third quarter results to be below current market expectations.
"Preliminary estimates indicate that 3Q06 revenues will be approximately USD80m and pre-tax profit will be approximately USD7m," Tandberg Television said.
Tandberg Television blamed recently delayed buying decisions and the loss of two large IPTV contracts.
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