*

Hitt og þetta 6. september 2006

Tandberg Television ASA issues profit warning

Nordic Business Report-September 6, 2006-Tandberg Television ASA issues profit warning
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

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.

One US dollar (USD) is worth approximately 0.52 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))