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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 153.96

+0.7%

Nov 19 3:59 PM EST

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To: Stitch who wrote (5186)	1/7/1999 9:13:00 PM
From: Frodo Baxter	Read Replies (4) of 9256

"The higher average selling prices on TSA suspensions we realized during the quarter resulted primarily from premium pricing on a particular program that required an accelerated ramp-up," said Fortun. "Pricing on this program will decline substantially during the second quarter." "Hutchinson Technology Incorporated (Nasdaq: HTCH - news) today announced that it plans to file a registration statement with the Securities and Exchange Commission to cover the offering of 4,000,000 shares of its common stock, all of which will be offered by the company." Hmm. Am I the only one disturbed by this? Imagined conversation between Fortun and unknown HD exec: "So, sell me some TSA suspenders" "Look, we really need to blow our numbers this quarter" "Yeah, you and the rest of the industry" "Here's the deal. We'll sell you TSA at $5 per this quarter, dropping to $1 after this quarter for the duration of your program" "Hahaha. Accelerating revenue recognition, eh? We've done that. What do we get out it?" "Our goodwill" "Hahaha. Seriously" "We'll bypass our other customers and get to work on your program right away. None of the usual delays" "Deal"

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