UPDATE 1-Option Q2 worse than expected, seeks 2010 profit

* Q2 revenue fall by more than expected

* Says looks to return to profitability by 2010

(Adds details, background)

BRUSSELS, July 30 (Reuters) - Belgian wireless Internet device maker Option (OPIN.BR)(OPNVY.PK) reported a worse-than-expected 32 percent fall in second-quarter revenue on Thursday and said it would strive to make a profit next year.

Chief Executive Jan Callewaert said the downturn had affected all aspects of Option's business in the second quarter.

"However, we have seen more stability in the inventory levels at the operators, and we are starting to see more normalized purchasing again," he said in a statement. Option, which makes cards, USB sticks and embedded modems that allow laptop users to surf the Internet at high speeds, said it would continue to scrutinise its costs, supply chain and operations with a view to returning to profitability in 2010.

Revenue in the April-June period fell to 41.3 million euros ($58.42 million) from 60.8 million a year earlier and against the average forecast of 51 million euros in a Reuters poll of five analysts.

The company's earnings before interest and tax (EBIT) for the period June-April dropped to a loss of 11.3 million euros from a loss of 6.6 million euros, and its net loss to 11.6 million euros from a loss of 5.6 million, both figures worse than expected. (Reporting by Bate Felix, editing by Will Waterman) ($1=.7069 Euro)