Reference ChecksBy Joshua Weinberger | Posted 2003-05-01 Print
Tandberg's 8000 model has been called "the Rolls Royce of videoconferencing".
Project: New York-based firm, which also resells and integrates videoconferencing equipment, uses Tandberg internally and in the rooms that it rents for public use.
Project: Specialty insurance company replaced its Polycom units with eight Tandberg 8000s; conducts 20 to 25 meetings per month, with up to 50 people participating in a call.
STATE OF WYOMING
Project: 10 years after a disappointing VTEL deployment, the state is much happier now—conducting 2,000 hours of videoconferencing a month over the second-largest Tandberg system in the country.
Project: After 9/11, Minnesota-based retail-systems provider turned to local reseller AVI Systems for a videoconferencing plan—and chose one that deployed Tandberg over an IP network.
HQ GLOBAL WORKPLACES
Project: Among its 195 (mostly Polycom) systems, the nation's largest public-room videoconferencing network still has about eight Tandberg 6000s left over from an acquisition, but plans to retain them.
Project: After 12 years running PictureTels, the oil-and-gas company switched to Tandberg—16 units and an MCU—and estimates it made back its investment within the first year.
Executives listed here are all users of Tandberg videoconferencing equipment. Their willingness to talk has been confirmed by Baseline.
TANDBERG OPERATING RESULTS*
2003YTD 2002 2001
Operating revenue $48.3M $232M $142M
Gross margin 66.7% 67.0% 64.3%
Operating profit $9.2M $67.7M $33.0M
Profit, after taxes $8.7M $52.4M $30.9M
Net margin 18.0% 22.6% $21.7%
Earnings per share $0.06 $0.40 $0.24 R&D expenditure N/A $10.9M $8.9M
*Fiscal year enDS Dec. 31, YTD RESULTS REFLECT FIRST 3 MONTHS; results converted from norwegian kroners into U.S. dollars
Source: company reports
Total assets $294M
Stockholders' equity $264M
Cash & equivalents $192M
Long-term debt None
Shares outstanding 132M
Market value at 5/5 $502M
**AS OF March 31, except as noted
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