HUTCHINSON T. aber husch husch husch

the company's $8.7 million net loss included $800,000 of non-cash interest expense, $700,000 of severance and site consolidation costs, and a $600,000 foreign currency gain. Excluding these items, the company's fiscal 2014 second quarter net loss was $7.8 million, or $0.28 per share.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

third quarter was $0.58, compared with $0.57 in the preceding quarter. The increase resulted from a mix of products shipped that included certain dual-stage actuated (DSA) suspensions that carried higher development-stage pricing. Shipments of DSA suspensions accounted for 25% of third quarter shipments compared with 24% in the preceding quarter.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

at the end of the fiscal 2014 third quarter totaled $40.2 million, unchanged from the preceding quarter. Cash generated by operations in the quarter totaled $0.5 million and capital spending totaled $2.9 million. Outstanding borrowings on the company's revolving line of credit totaled $4.8 million at the end of the third quarter, compared with $2.0 million at the end of the preceding quarter.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

expects its suspension assembly shipments in the fiscal 2014 fourth quarter to be 110 million to 115 million as customers' production plans for hard disk drives increase and the company's participation on customers' programs improves. Fourth quarter average selling price is expected to be relatively flat sequentially with DSA suspension assemblies accounting for 25% to 30% of fourth quarter shipments. The company expects fourth quarter gross profit to increase on a sequential basis as higher shipments and the benefits of cost reductions are partially offset by a reduction in finished goods inventories.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

made on our site consolidation and related restructuring efforts, we are confident that we have the industry's lowest cost model for producing suspension assemblies," said Penn. "We have achieved this while preserving the core technical, manufacturing and quality capabilities required to effectively meet our customers' advancing requirements. Our customers are recognizing what we have accomplished and our share positions on new customer programs are beginning to reflect that," said Penn. "Our customers are showing their support and commitment to us through higher volume and increased collaboration on development efforts."http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

in its new business development initiative, which focuses on leveraging its precision manufacturing capabilities and equipment capacity to produce components in new market segments. As part of this effort, the company was recently selected to provide an optical image stabilization ("OIS") actuator for a smartphone camera and has begun manufacturing of this new product. The OIS actuator is based on shape memory alloy ("SMA") technology that improves picture and video quality, particularly in low-light conditions, and offers performance and size advantages over current OIS solutions. The company is bringing this product to market with its partner, Cambridge Mechatronics Ltd., a high technology design and engineering company based in Cambridge, England. The initial SMA OIS product will be used on a smartphone for the Chinese market that will be released in the fall of 2014.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

to leverage our quality and continuous improvement expertise and our precision component manufacturing capabilities, including our automated photoetching, stamping, additive circuit and assembly processes. Our first OIS automated production line is being installed and will be ramping to volume later this summer," said Penn. "We are also working with other interested smartphone and camera module makers who are evaluating our OIS actuator for potential inclusion in their future products. While we're in the early stages with this product and volumes initially will be low, we are encouraged by the interest our OIS actuator is attracting and excited about the significant opportunity that the smartphone camera market provides."http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

OIS actuator, please visit www.htchmfg.com/optical-image-stabilization.
 

and webcast for investors beginning at 7:00 a.m. Central Time today. Individual investors and news media may participate in the conference call live via the webcast, which will be available through the Investor Relations page on Hutchinson Technology's web site at www.htch.com/investors. Webcast participants will need to complete a brief registration form and should allow extra time before the webcast begins to register and, if necessary, download and install audio software.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

leader committed to creating value by developing solutions to critical customer problems. As a key worldwide supplier of suspension assemblies for disk drives, the company's products help customers improve overall disk drive performance and meet the demands of an ever-expanding digital universe.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

statements regarding hard disk drive production, collaboration on development efforts, demand for and shipments of the company's products, market adoption and the company's manufacturing of OIS actuators, product mix, pricing, production capability and costs, operating performance, operations in Thailand and the United States, site consolidation efforts, cost reductions and financial results. The company does not undertake to update its forward-looking statements. These statements involve risks and uncertainties. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of changes in market demand and market consumption of disk drives or suspension assemblies, changes in demand for our products, market acceptance of new products, the company's ability to produce suspension assemblies at levels of precision, quality, volume and cost its customers require, changes in product mix, changes in customers yields, changes in storage capacity requirements, changes in expected data density, changes in the company's ability to operate its assembly operation in Thailand, changes in the company's ability to reduce costs and other factors described from time to time in the company's reports filed with the Securities and Exchange Commission.http://finance.yahoo.com/news/...third-quarter-results-110000214.html
 

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