Tandberg’s HH LTO-4 for 1Q08

Tandberg Storage has confirmed that its half-height LTO-4 cartridge tape drive will be on the market on 1Q2008 and its development is based on the LTO-3.

Furthermore, the company has finally some hopes concerning its O-Mass activity. "A special part of the O-Mass technology has shown some interesting potentials in other markets than it originally was designed for. The company believes that there is a possibility that one or more of these products can be developed and brought to the market during 2008."

For its 3Q07, the manufacturer of HH LTO devices increased LTO-2 shipments significantly but LTO3 is shipping at lower volumes than expected, even if the volumes have steadily increased during the quarter

For the quarter, its operating revenue reached 72.3 million NOK compared to 52.2 million NOK in 3Q06. But its gross margin is still unacceptable. This reduced margin is a consequence of earlier low production volumes in 1H07 and increased demand in 3Q07 above expected levels. "This required additional short term component purchases as well as production of modules with higher component cost to secure the volumes in the channel," comments Tandberg Storage.

Net loss before taxes was million NOK 6.8 in 3Q07.