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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: Tom Simpson who wrote (1420)	12/6/1999 5:08:00 PM
From: Jonathan N	Read Replies (1) of 1487

Magnecomp explicitly said they anticipated production of wireless by mid99 in the 98 annual report--not that this translates into actual sales, of course. Please note that what follows is OLDER than the quotes Tom and Z gave above. "8. Commentary on current year prospects Suspension shipments for 1999 are currently below expectations due to the faster than expected migration to the Pico form factor and decrease in demand due to a major customer having its own partial in-house suspension manufacturing operations. The customer has since discontinued these operations. Management expects that the year's initial softness will be offset by the return of business from the customer's discontinued suspension operations and anticipated volume shipments of wireless suspensions beginning mid year. For these reasons, and barring any unforeseen circumstances, the directors expect that the full year 1999's results will show satisfactory improvement over 1998." Also, NHK really has 18%? This leaves very little left over for Magnecomp and KRP (about 12% between them) if HTI is still at 70%. Unless we are comparing apples and oranges (units and revenue).

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