Hutchinson Technology, Inc. Message Board

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Technology Stocks : Hutchinson Technology, Inc.

HTCH 4.000

0.0%

Oct 6 5:00 PM EST

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To: jfrancis who wrote (1373)	11/16/1999 8:36:00 PM
From: All Mtn Ski	Read Replies (1) of 1487

jf, I don't think their offering early this year in the mid 40's through Goldman Sachs helped. Goldman hyped the stock for a while after the offering, but ultimately got burned. One thing is for sure, HTCH's business is capital-intensive and suffers from wildly fluctuating quarterly results that are difficult to predict for the investment community. On a fundamental basis, it looks very cheap at 18-3/4. 1X book. With so much cash on hand, and a slow down in capex, I think that book value looks pretty secure. Perhaps the downside is limited at this point. In an increasingly GMR head enviroment, will HTCH provide the suspensions of choice? Will their R&D supply the necessary advancements? I'm not counting HTCH out yet, it is really amazing how 9 months can totally change a business outlook. But it rose from the ashes once (a few?) times before, perhaps the next 9 months will be just as telling. Tom

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