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Profile - Hutchinson Technology (NasdaqNM:HTCH)
As of 31-Aug-2001
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Location
40 West Highland Park
Hutchinson, MN 55350
Phone: (320) 587-3797
Fax: (320) 587-1810
Email: todd.bradley@hti.htch.com
Employees (last reported count): 4,729
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Electronic Instruments & Controls
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Index Membership
 ·S&P 600 SmallCap
Ownership
·Insider and 5%+ Owners: 25%
·Over the last 6 months:
 · one insider buy; 0  shares
 · 5 insider sells; 236.0K shares
  (3.6% of insider shares)
·Institutional: 88% (118% of float)
(191 institutions)
·Net Inst. Buying: 961.0K shares (+4.15%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
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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

Officers[Insider Trade Data]
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
Statistics at a Glance -- NasdaqNM:HTCHAs of 31-Aug-2001
Price and Volume
52-Week Low
on 4-Apr-2001
$13.375
Recent Price$18.88 
52-Week High
on 21-Sep-2000
$25.00 
Beta1.99 
Daily Volume (3-month avg)117.0K
Daily Volume (10-day avg)75.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-20.5%
52-Week Change
relative to S&P500
+6.6%
Share-Related Items
Market Capitalization$475.1M
Shares Outstanding25.2M
Float18.9M
Dividends & Splits
Annual Dividendnone 
Last Split: 3 for 1 on 12-Feb-1997
Per-Share Data
Book Value (mrq*)$14.79 
Earnings (ttm)-$0.89 
Earnings (mrq)-$0.43 
Sales (ttm)$16.88 
Cash (mrq*)$10.17 
Valuation Ratios
Price/Book (mrq*)1.28 
Price/EarningsN/A 
Price/Sales (ttm)1.12 
Income Statements
Sales (ttm)$422.3M
EBITDA (ttm*)$62.8M
Income available to common (ttm)-$22.1M
Profitability
Profit Margin (ttm)-5.2%
Operating Margin (ttm)-6.0%
Fiscal Year
Fiscal Year EndsSep 24
Most recent quarter
(fully updated)
24-June-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)-3.34%
Return on Equity (ttm)-5.74%
Financial Strength
Current Ratio (mrq*)4.46 
Debt/Equity (mrq*)0.58 
Total Cash (mrq)$254.4M
Short Interest
As of 8-Aug-2001
Shares Short2.61M
Percent of Float13.8%
Shares Short
(Prior Month)
2.63M
Short Ratio17.38 
Daily Volume150.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 24-June-2001)

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