I installed the binary php distribution for WNT
Running a small php script:
<?php  

  $mib2=".1.3.6.1.2.1";
  $community = "public";
  $ip = "148.191.232.1";
 
  $cont_name=snmpget($ip,$community,$mib2.".system.sysName.0");

?>

delivers the result 
Variable = system.sysName.0 Value =

snmpget (from ucd-snmp) on the same machine delivers the expected result "Biwan1"


The PHP.ini file :
[PHP_3]

;;;;;;;;;;;;;;;;;;;
; About this file ;
;;;;;;;;;;;;;;;;;;;
; This file controls many aspects of PHP's behavior.  In order for PHP to
; read it, it must be named 'php3.ini'.  PHP looks for it in the current
; working directory, in the path designated by the environment variable
; PHPRC, and in the path that was defined in compile time (in that order).
; Under Windows, the compile-time path is the Windows directory.  The
; path in which the php3.ini file is looked for can be overriden using
; the -c argument in command line mode.
;
; The syntax of the file is extremely simple.  Whitespace and Lines
; beginning with a semicolon are silently ignored (as you probably guessed).
; Section headers (e.g. [Foo]) are also silently ignored, even though
; they might mean something in the future (they probably won't).
;
; Options are specified using the syntax key = value or key = "complex value".
; Key names are *case sensitive*.  foo = bar is different from FOO = bar.
; 'value' can be any number, word or keyword (keywords are On, Off, True,
; False, Yes and No, and are case insensitive).
; 'complex value' can be just about anything, expcept for " and a newline
; Boolean flags can be turned on using the values 1, On, True or Yes.
; They can be turned off using the values 0, Off, False or No.
;
; All the values in the php3.ini-dist file correspond to the builtin
; defaults (that is, if no php3.ini is used, or if you delete these lines,
; the builtin defaults will be identical).


;;;;;;;;;;;;;;;;;;;;
; Language Options ;
;;;;;;;;;;;;;;;;;;;;

engine			=	On	; enable PHP 3.0 parser
short_open_tag	=	On	; allow the <? tag.  otherwise, only <?php and <script> tags are recognized.
asp_tags		=	Off ; allow ASP-style <% %> tags
precision		=	14	; number of significant digits displayed in floating point numbers
y2k_compliance	=	Off	; whether to be year 2000 compliant (will cause problems with non y2k compliant browsers)
; Safe Mode
safe_mode		=	Off
safe_mode_exec_dir	=
; Colors for Syntax Highlighting mode.  Anything that's acceptable in <font color=???> would work.
highlight.string	=	#DD0000
highlight.comment	=	#FF8000
highlight.keyword	=	#007700
highlight.bg		=	#FFFFFF
highlight.default	=	#0000BB
highlight.html		=	#000000


;;;;;;;;;;;;;;;;;;;
; Resource Limits ;
;;;;;;;;;;;;;;;;;;;

max_execution_time = 30     ; Maximum execution time of each script, in seconds
memory_limit = 8388608		; Maximum amount of memory a script may consume (8MB)


;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
; Error handling and logging ;
;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
; error_reporting is a bit-field.  Add each number up to get desired error reporting level
;  1 = Normal errors
;  2 = Normal warnings
;  4 = Parser errors
;  8 = Notices - warnings you can ignore, but sometimes imply a bug (e.g., using an uninitialized variable)
error_reporting	=	7
display_errors	=	On	; Print out errors (as a part of the HTML script)
log_errors		=	Off	; Log errors into a log file (server-specific log, stderr, or error_log (below))
track_errors	=	Off	; Store the last error/warning message in $php_errormsg (boolean)
;error_prepend_string = "<font color=ff0000>"   ; string to output before an error message
;error_append_string = "</font>"                ; string to output after an error message
;error_log	=	filename	; log errors to specified file
;error_log	=	syslog		; log errors to syslog (Event Log on NT, not valid in Windows 95)
warn_plus_overloading	=	Off		; warn if the + operator is used with strings


;;;;;;;;;;;;;;;;;
; Data Handling ;
;;;;;;;;;;;;;;;;;
magic_quotes_gpc	=	On		; magic quotes for incoming GET/POST/Cookie data
magic_quotes_runtime=	Off		; magic quotes for runtime-generated data, e.g. data from SQL, from exec(), etc.
magic_quotes_sybase	=	Off		; Use Sybase-style magic quotes (escape ' with '' instead of \')
track_vars			=	On		; enable $HTTP_GET_VARS[], $HTTP_POST_VARS[] and $HTTP_COOKIE_VARS[] arrays
; automatically add files before or after any PHP 3.0 document
auto_prepend_file	=
auto_append_file	=

;;;;;;;;;;;;;;;;;;;;;;;;;
; Paths and Directories ;
;;;;;;;;;;;;;;;;;;;;;;;;;
include_path	= ".;c:\ucd-snmp\usr"               ; UNIX: "/path1:/path2"  Windows: "\path1;\path2"
doc_root		=					; the root of the php pages, used only if nonempty
user_dir		=					; the directory under which php opens the script using /~username, used only if nonempty
;upload_tmp_dir	=	                ; temporary directory for HTTP uploaded files (will use system default if not specified)
upload_max_filesize = 2097152       ; 2 Meg default limit on file uploads
extension_dir	=	D:\php ; directory in which the loadable extensions (modules) reside


;;;;;;;;;;;;;;;;;;;;;;
; Dynamic Extensions ;
;;;;;;;;;;;;;;;;;;;;;;
; if you wish to have an extension loaded automaticly, use the
; following syntax:  extension=modulename.extension
; for example, on windows,
; extension=msql.dll
; or under UNIX,
; extension=msql.so


;Windows Extensions
;extension=php3_mysql.dll
;extension=php3_nsmail.dll
;extension=php3_calendar.dll
;extension=php3_dbase.dll
;extension=php3_filepro.dll
;extension=php3_gd.dll
;extension=php3_dbm.dll
;extension=php3_mssql.dll
;extension=php3_zlib.dll
;extension=php3_filepro.dll
;extension=php3_imap4r2.dll
;extension=php3_ldap.dll
;extension=php3_crypt.dll
;extension=php3_msql2.dll
;extension=php3_odbc.dll
extension=php3_snmp.dll

;;;;;;;;;;;;;;;;;;;
; Module Settings ;
;;;;;;;;;;;;;;;;;;;

[Syslog]
define_syslog_variables	= Off	; Whether or not to define the various syslog variables,
								; e.g. $LOG_PID, $LOG_CRON, etc.  Turning it off is a
								; good idea performance-wise.  In runtime, you can define
								; these variables by calling define_syslog_variables()


[mail function]
SMTP			=	148.191.100.107			;for win32 only
sendmail_from	=	wernerj@ing.boehringer-ingelheim.com	;for win32 only
sendmail_path	=						;for unix only, may supply arguments as well (default is sendmail -t)

[Debugger]
debugger.host	=	localhost
debugger.port	=	7869
debugger.enabled	=	False

[Logging]
; These configuration directives are used by the example logging mechanism.
; See examples/README.logging for more explanation.
;logging.method    = db
;logging.directory = /path/to/log/directory

[SQL]
sql.safe_mode	=	Off

[ODBC]
;uodbc.default_db		=	Not yet implemented
;uodbc.default_user		=	Not yet implemented
;uodbc.default_pw		=	Not yet implemented
uodbc.allow_persistent	=	On	; allow or prevent persistent links
uodbc.max_persistent	=	-1	; maximum number of persistent links. -1 means no limit
uodbc.max_links			=	-1	; maximum number of links (persistent+non persistent). -1 means no limit
uodbc.defaultlrl	=	4096	; Handling of LONG fields. Returns number of bytes to variables, 0 means passthru
uodbc.defaultbinmode	= 	1	; Handling of binary data. 0 means passthru, 1 return as is, 2 convert to char
; See the documentation on odbc_binmode and odbc_longreadlen for an explanation of uodbc.defaultlrl
; and uodbc.defaultbinmode

[MySQL]
mysql.allow_persistent	=	On	; allow or prevent persistent link
mysql.max_persistent	=	-1	; maximum number of persistent links. -1 means no limit
mysql.max_links			=	-1	; maximum number of links (persistent+non persistent).  -1 means no limit
mysql.default_port		=		; default port number for mysql_connect().  If unset,
								; mysql_connect() will use the $MYSQL_TCP_PORT, or the mysql-tcp
								; entry in /etc/services, or the compile-time defined MYSQL_PORT
								; (in that order).  Win32 will only look at MYSQL_PORT.
mysql.default_host		=		; default host for mysql_connect() (doesn't apply in safe mode)
mysql.default_user		=		; default user for mysql_connect() (doesn't apply in safe mode)
mysql.default_password	=		; default password for mysql_connect() (doesn't apply in safe mode)
								; Note that this is generally a *bad* idea to store passwords
								; in this file.  *Any* user with PHP access can run
								; 'echo cfg_get_var("mysql.default_password")' and reveal that
								; password!  And of course, any users with read access to this
								; file will be able to reveal the password as well.

[mSQL]
msql.allow_persistent	=	On	; allow or prevent persistent link
msql.max_persistent		=	-1	; maximum number of persistent links. -1 means no limit
msql.max_links			=	-1	; maximum number of links (persistent+non persistent).  -1 means no limit

[PostgresSQL]
pgsql.allow_persistent	=	On	; allow or prevent persistent link
pgsql.max_persistent	=	-1	; maximum number of persistent links. -1 means no limit
pgsql.max_links			=	-1	; maximum number of links (persistent+non persistent).  -1 means no limit

[Sybase]
sybase.allow_persistent	=	On	; allow or prevent persistent link
sybase.max_persistent	=	-1	; maximum number of persistent links. -1 means no limit
sybase.max_links		=	-1	; maximum number of links (persistent+non persistent).  -1 means no limit
;sybase.interface_file	=	"/usr/sybase/interfaces"
sybase.min_error_severity	=	10	; minimum error severity to display
sybase.min_message_severity	=	10	; minimum message severity to display
sybase.compatability_mode	= Off	; compatability mode with earlier versions of PHP 3.0.
									; If on, this will cause PHP to automatically assign types to results
									; according to their Sybase type, instead of treating them all as
									; strings.  This compatability mode will probably not stay around
									; forever, so try applying whatever necessary changes to your code,
									; and turn it off.

[Sybase-CT]
sybct.allow_persistent	=	On		; allow or prevent persistent link
sybct.max_persistent	=	-1		; maximum number of persistent links. -1 means no limit
sybct.max_links			=	-1		; maximum number of links (persistent+non persistent).  -1 means no limit
sybct.min_server_severity	=	10	; minimum server message severity to display
sybct.min_client_severity	=	10	; minimum client message severity to display

[bcmath]
bcmath.scale	=	2	; number of decimal digits for all bcmath functions

[browscap]
;browscap	=	extra/browscap.ini

[Informix]
ifx.default_host		=		; default host for ifx_connect() (doesn't apply in safe mode)
ifx.default_user		=		; default user for ifx_connect() (doesn't apply in safe mode)
ifx.default_password		=		; default password for ifx_connect() (doesn't apply in safe mode)
ifx.allow_persistent		=	On	; allow or prevent persistent link
ifx.max_persistent		=	-1	; maximum number of persistent links. -1 means no limit
ifx.max_links			=	-1	; maximum number of links (persistent+non persistent).  -1 means no limit
ifx.textasvarchar		=	0	; if set on, select statements return the contents of a text blob instead of it's id
ifx.byteasvarchar		=	0	; if set on, select statements return the contents of a byte blob instead of it's id
ifx.charasvarchar		=	0	; trailing blanks are stripped from fixed-length char columns. May help the life
						; of Informix SE users. 
ifx.blobinfile			=	0	; if set on, the contents of text&byte blobs are dumped to a file instead of
						; keeping them in memory
ifx.nullformat			=	0	; NULL's are returned as empty strings, unless this is set to 1. In that case,
						; NULL's are returned as string 'NULL'.