Hutchinson Technology designs and produces critical component technologies. As a world-class precision manufacturing partner, we provide customers with industry- leading product and process development, cost-effective, high-volume production, and unequaled focus on quality.
In the smartphone camera market, our shape memory alloy (SMA) optical image stabilization (OIS) actuator helps improve picture and video quality, particularly in low- light conditions, and offers performance, size, and cost size advantages.
Through our new business development initiatives, we continue to leverage our unique precision manufacturing capabilities to produce components and sub-assemblies for new market segments.
Net Cash as Defined by Merger Agreement Totals $50.7 Million at Quarter End
Federal Trade Commission’s Review of Pending Merger Continues
HUTCHINSON, Minn., July 29, 2016 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) (“HTI”) today reported net sales of $53.2 million for its fiscal third quarter ended June 26, 2016 compared with $54.2 million in the preceding quarter. Suspension assembly shipments for the quarter totaled 81.0 million compared with 85.4 million in the...
HUTCHINSON, Minn., July 27, 2016 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) (“HTI”) today reported that it received a letter on July 26, 2016 from the Antitrust Division of the U.S. Department of Justice (“DOJ”), which has opened an investigation relating to the sale of suspension assemblies for use in hard disk drives. The DOJ’s letter stated that neither HTI nor any HTI employee is currently a subject of the DOJ investigation, but that HTI may have documents and ele...
HUTCHINSON, Minn., July 15, 2016 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today announced it will report fiscal 2016 third quarter financial results on Friday, July 29, 2016, before the open of the market. No conference call will be held.
About Hutchinson Technology
Hutchinson Technology is a global supplier of critical precision component technologies. As a key supplier of suspension assemblies for disk drives, we help customers improve overall disk drive per...
Net Cash as Defined by Merger Agreement Totals $51.3 Million at Quarter End
HUTCHINSON, Minn., April 27, 2016 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) (“HTI”) today reported net sales of $54.2 million for its fiscal 2016 second quarter ended March 27, 2016. Suspension assembly shipments for the quarter totaled 85.4 million compared with 106.6 million in the preceding quarter. Rick Penn, Hutchinson Technology’s president and chief executive officer, said that ship...
Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. Our culture of quality, continuous improvement, superior innovation and a relentless focus on the fundamentals enables us to lead in the markets we serve.