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HDD Production Plans Reduced During the Quarter

An alert from Hutchinson, maker of suspension assemblies

This is a Press Release edited by StorageNewsletter.com on June 8, 2010 at 1:01 pm

At an investor conference, executives of Hutchinson Technology Incorporated provides investors with an update regarding the Company’s performance.

Specifically, the Company expects to discuss the following:

  • Customers’ disk drive production plans have been reduced during the quarter, and the Company now expects its suspension assembly shipments to decline on a sequential basis in its fiscal 2010 third quarter.
  • Through the first eight weeks of the Company’s fiscal 2010 third quarter, TSA+ suspensions have comprised 27% of the Company’s total suspension assembly shipments compared to 15% in the fiscal 2010 second quarter.
  • The Company’s TSA+ production yield and output have continued to improve in the fiscal 2010 third quarter, and as a result, the TSA+ cost burden is expected to decline compared to the fiscal 2010 second quarter.
  • Construction of the Company’s assembly facility in Thailand, as well as the hiring and training of employees for its Thailand operation, is proceeding on schedule.
  • Suspension demand and the Company’s execution in the month of June will be critical in determining its operating results for the current quarter.
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