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bizjournals (Free subscription) | 03/11/2009
Hutchinson Technology Inc. stock was up about 6 percent Tuesday, a day after the Hutchinson-based maker of hard-disk parts reported better-than-expected results for the fourth quarter.
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Star Tribune (Free subscription) | 03/11/2009
Hutchinson Technology, which escaped ruin a year ago by cutting 45 percent of its workforce and slashing costs, beat Wall Street expectations Monday with adjusted fourth-quarter income just below break-even.Based on one-time gains of $9.4 million from repurchasing debt and selling a plant in Sioux Falls, S.D., the maker of computer disk drive components earned $8.3 million on revenue of $103.2 million....
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Tech Trader Daily (Free subscription) | 02/11/2009
It is a relatively quiet afternoon on the earnings front; things will pick up later in the week. Meanwhile, here’s a rundown on half-dozen tech companies that just reported. Hutchinson Technology (HTCH): The maker of disk-drive suspension assemblies posted revenue for its fiscal fourth quarter ended September 27 of $103.2 million, [...]
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Tech Trader Daily (Free subscription) | 20/10/2009
The spreading Galleon Group insider trading scandal has begun causing problems for some stocks in which the hedge fund operator has large holdings, the Wall Street Journal notes. The Journal notes that investors have sought to withdraw $1.3 billion of the $3.7 billion in assets managed by the hedge fund group. [...]
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Tech Trader Daily (Free subscription) | 08/09/2009
Hutchinson Technology Q4 guidance tops the Street.
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Tech Trader Daily (Free subscription) | 10/08/2009
All of a sudden, everyone simply has to own a piece of the disk-drive suspension arm business. Well, okay, that’s an exaggeration. But I can’t find any particular reason for the sudden acceleration in the shares of Hutchinson Technology (HTCH) , maker of, like I said, disk-drive suspension arm assemblies. Over the last six sessions, the stock is up $1.91, or 58%, including a gain today...
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Not PC (Free subscription) | 11/07/2009
Compare and contrast these two comments. 1. "If you're not measuring it you can't improve it." – Wayne Fortun, CEO of Hutchinson Technology Incorporated . 2. American teacher union the NEA is effective "not because we care about children [but] because we have power." – NEA chairman Bob Chapin Discuss with reference to local teacher unions’ vehement opposition to...
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Star Tribune (Free subscription) | 29/04/2009
The company also reported a $57.7 million loss. The new layoffs bring the tally since December to more than 2,000.
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Tech Trader Daily (Free subscription) | 28/04/2009
Hutchinson Technology (HTCH) this afternoon posted results for its fiscal second quarter ended March 29 that were in line with its recent warning. For the quarter, the company reported revenue of $79 million, as forecast. Before one-time charges, the company lost $1.48 a share, not quite as bad as the Street consensus of $1.52. The company, which makes components for the disk-drive industry, said it...
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Star Tribune (Free subscription) | 07/04/2009
| Seagate lost, Hutchinson Technology is on the ropesBy Steve Alexander , Star Tribune Last update: April 6, 2009 - 7:18 PMPrint this story Minnesota business by the numbersSee Minnesota's top earning companies, CEOs and non-profits More from Hutchinson Technology Inc., a company that carved out a piece of Minnesota’s high-tech future out on the prairie, is on the ropes. As the skidding economy...
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Market Watch (Free subscription) | 03/04/2009
Hutchinson Technology Inc. shares plummet more than 40% after the company says it will lose one of its biggest customers and deliver disappointing second-quarter results.