Not sure you can fix this, but most of the time the stripes are produced in a dark environment with one or a few bright lights. The streaks start on the bright light. Most of the time if you shoot the picture the streaks are not on the picture.
You could try to switch the camera to the automatic, or perhaps night scene.
If the streaks are there in normal light, I think your camera is defect.
SOURCE: olympus fe-340 doesnt stay on
go get duracell rechargeble the green one digital camera need powerfull battery let me khow
SOURCE: fe-340 wont turn on
If the lens is stuck out, that either means impact or it got squished and messed up the lens mechanism. You can have that repaired.
SOURCE: Olympus FE-340 dropped, won't power on any remedy?
You could try removing the battery for a 30 minutes, re-install, then try powering it back up. It sounds like something may have been damaged internally from the camera being dropped.
SOURCE: Power on olympus camera
Do you experience low battery? Have you tried using brand new and fully charged rechargeable batteries like NiMH or NiCd?
SOURCE: download driver olympus FE-340 digital camera
Please get it here then : www.olympusamerica.com > Home > Support www.olympus.co.jp/en/.../digicamera/qa/.../di000400e.cfm
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