| Business Summary | | Hutchinson
Technology
Incorporated
(HTI)
is
a
leading
supplier
of
suspension
assemblies
for
hard
disk
drives.
HTI
estimates
that
it
produces
a
majority
of
all
suspension
assemblies
sold
to
disk
drive
manufacturers
and
their
suppliers,
including
recording
head
manufacturers,
worldwide.
HTI's
suspension
assemblies
are
manufactured
with
proprietary
technology
and
processes
to
uniform
and
precise
specifications
that
are
critical
to
maintaining
the
necessary
microscopic
clearance
between
the
head
and
disk.
During
2000,
HTI
shipped
approximately
488
million
suspension
assemblies
of
all
types.
HTI
is
a
supplier
to
nearly
all
domestic
and
many
foreign-based
users
of
suspension
assemblies,
including
Alps,
IBM
and
its
affiliates,
Maxtor,
Quantum,
Read-Rite,
SAE
Magnetics/TDK
and
its
affiliates,
Samsung,
Seagate
Technology,
Toshiba
and
Western
Digital. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hutchinson
Technology
is
a
supplier
of
suspension
assemblies
for
hard
disk
drives.
Suspension
assemblies
hold
the
recording
heads
in
position
above
the
spinning
magnetic
disks
in
the
drive.
For
the
39
weeks
ended
6/24/01,
sales
fell
11%
to
$306.2
million.
Net
loss
fell
68%
to
$23.7
million.
Revenues
reflect
lower
suspension
assembly
sales
as
a
result
of
lower
overall
demand.
Lower
loss
reflects
the
absence
of
a
$63.3
million
asset
impairment
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jeffrey Green, 60 Chairman | -- | Wayne Fortun, 51 Pres,
CEO | $569K | John Ingleman, 54 CFO,
VP, Sec. | 239K | Beatrice Graczyk, 52 COO,
VP | 261K | R. Scott Schaefer, 47 VP
and CTO | 261K | Dollar amounts are as of 24-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|