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Empresas y finanzas

TANDBERG Television Delivers $100M Revenues in Q206


    Financials

    TANDBERG Television (OSE:TAT) delivered revenues of MUSD 100.1 in
    2Q06, up 40% compared to MUSD 71.2 in 2Q05. The gross margin was
    58.2%, up from 55.1% in the same quarter in 2005. Operating profit was
    MUSD 18.9 compared to MUSD 12.2 in the same quarter last year. Pre-tax
    profit was MUSD 21.3, up from MUSD 12.2 in the same period in the
    previous year.
    The cash balance at the end of the quarter was MUSD 95.7 and
    included net cash income from operations of MUSD 8.2 down from MUSD
    13.0 in the same period in 2005. Net cash inflow in the quarter was
    MUSD 6.3. Total assets for the group were MUSD 538.5, with an equity
    ratio of 84% at 30 June 2006. Total shares outstanding at the end of
    the quarter were 80,529,876.

    Market & Products

    2Q06 saw TANDBERG Television maintain its position as a clear
    technology leader in the digital media infrastructure market.
    During the quarter TANDBERG Television exhibited its integrated
    compression, on-demand and interactive solutions and delivered
    addresses at over 15 industry events in Asia, Europe and North
    America. These included Broadcast Asia in Singapore, The ANGA Cable
    show in Cologne and the National Association of Broadcasters (NAB)
    convention in Las Vegas. TANDBERG Television made a major impact at
    these important exhibitions with demonstrations of HD MPEG-4
    compression, the launch of a new IP-based systems architecture and new
    on-demand and interactive applications for digital television systems.
    Our presence at these industry events under the newly integrated
    TANDBERG Television brand met with a very positive market reaction as
    the company continues to differentiate itself based on best in class
    technology and an increasingly broad scope of supply. At the Broadband
    World Forum in Hong Kong the International Engineering Consortium
    (IEC) presented TANDBERG Television with an InfoVision Award for its
    High Definition Intelligent Compression Engine (HD-ICE) for MPEG-4 AVC
    and SMPTE VC-1.
    TANDBERG Television delivered continued momentum in HDTV, IPTV and
    digital television market with key contracts and deployments across
    all regions:

    -- In the Americas a further order from a leading satellite
    digital television service provider valued at MUSD 5.9

    -- In the EMEIA region, Estonia's Levira selected TANDBERG
    Television for MPEG-4 AVC digital terrestrial roll-out and we
    experienced a consumer-driven increase in HD encoding demand
    in the run-up to the FIFA 2006 World Cup

    -- In APAC a deal with Japan's NTT to expands its IPTV rollout in
    Japan and the provision of HD MPEG-4 AVC encoding for CCTV to
    deliver to FIFA 2006 World Cup across China

    TANDBERG Television made a number of executive appointments in the
    quarter, strengthening its existing team with proven industry leaders
    in the sales and systems architecture functions.

    Outlook

    The Board continues to be encouraged by a further quarter of
    top-line growth, solid gross margins and profitability. TANDBERG
    Television has continued to develop its strong technology portfolio
    and the Board supports the continued focus on successful integration
    and execution of the operational plan.

    Basis of Preparation

    The interim consolidated, financial statements have been prepared
    in accordance with International Financial Reporting Standards (IFRS)
    and IFRIC interpretations issued and effective at the time of
    preparing these statements.

    The Board of Directors of TANDBERG Television ASA

    Jan Chr. Opsahl, Chairman
    Eric Cooney, CEO

    About TANDBERG Television

    Whether it's advanced compression systems, on-demand or
    interactive television, TANDBERG Television (TAT.OL) delivers the
    technology and expertise that is moving digital video forward. The
    company's award-winning solutions are used by the world's leading
    network operators, broadcasters and content owners to deliver new
    viewer experiences and advertising opportunities. With a broad suite
    of open, standards-based products, TANDBERG Television offers the
    highest quality digital TV solutions including IPTV, HDTV,
    video-on-demand, advertising on-demand, and interactive TV
    applications to customers in the Americas, Asia Pacific, Europe,
    Middle East and Africa. For more information, please visit
    www.tandbergtv.com.