UPDATE 2-Option says H2 growth uncertain, shares tumble

* H1 net loss 20.5 mln eur vs 16.8 mln last time

* Says new products won’t create proper sales until 2011

* Stock down 18 percent, hits 11-week low

(Adds share price)

BRUSSELS, Aug 31 (BestGrowthStock) – Belgium’s Option NV (OPIN.BR: )
(OPNVY.PK: ), Europe’s only maker of wireless modems, said it was
not sure it could grow in the second half of the year as it felt
the pressure of cheaper imports from China.

Its shares fell by as much as 18 percent, making the company
the biggest faller on the Euronext Brussels exchange and taking
its share price to an 11-week low.

The company, whose modems can access the Internet over the
mobile phone network, said on Tuesday growth in the second half
of the year would be uncertain unless it could accelerate the
roll-out of new products.

Its net loss widened to 20.5 million euros ($26.1 million)
in the first six months of the year from 16.8 million in the
same period in 2009.

Shares in Option have fallen from a peak of over 16 euros in
2006 to less than 1 euro as it suffered fierce competition from
Chinese rivals Huawei Technologies [HWT.UL] and ZTE (0763.HK: )
(000063.SZ: ).

European Union trade regulators opened an investigation in
June after a complaint by Option that Chinese-made wireless
modems were being sold in the EU for less than they cost to
produce, which is illegal under international trade laws.
(Reporting by Ben Deighton; Editing by Sharon Lindores and
David Holmes)
($1=.7861 euro)

UPDATE 2-Option says H2 growth uncertain, shares tumble