OSLO (Thomson Financial) - Tandberg Data ASA said it is on course for
positive EBITDA by the end of the year, after starting volume shipments of its
removable hard disk system to "one of the largest global manufacturers and
suppliers of computer products".
"Although this is a frame agreement, the volumes are expected to grow
rapidly and consistently over the coming years," the Norwegian firm said.
This, Tandberg Data said, means it is on course to reach its goal of
positive EBITDA by the fourth quarter of 2008.
"The company believes it will achieve this goal and further aims to reach
positive net income by the end of 2008," it said.
alastair.reed@thomsonreuters.com
ar/tc
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