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LTO Represents 90% of Total Tape Cartridge Revenues - Q4, 2011

Backup tape cartridge sales amounted to $187.45 million in the 4Q11, according to Back-Up Tape Tracker.

LTO accounted for 89.7% of total with sales of $168.07 million.

The media market is expected to have sales of $173.55 million in the next quarter.

Total LTO sales were up at 5.9 million units in 4Q11. LTO-5 volume grew 18% in the quarter. It accounted for 21% of unit sales and 39% of dollars. LTO-4 shipments were up 4%. Its sales represented 46% of units and 36% of dollars. LTO-3 sales were steady. They accounted for 25% of volume and 18% of dollars. LTO-2 was also up. It accounted for 7% of units and 7% of dollars. LTO-1 was off. It sold 1% of units and 1% of dollars.

HP led the LTO market with a 34% share. Fuji was the second largest supplier and IBM was third. In 1Q12 LTO total volume is expected to be slightly higher, supported by shipments of LTO-5 and LTO-4. Sales of earlier generations are expected to decline.

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Tandberg Data RDX Quikstor Removable Disk Cartridges

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