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Technology Stocks : Hutchinson Technology, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (1463)	1/29/2000 6:03:00 PM
From: Hectorite	Read Replies (2) \| Respond to of 1487

Tom T, I think you are off. You need to look at equity, not cash, for book value. At fiscal year end the equity was $465M less the current loss of $39.2M = $426M/24.7M shares = 17.2$/share. Now, as Tom S. points out, we can argue about the value of the physical assets that are built into that number, but manufacturing capability is what Hutch is all about; you can't ignore it in a valuation argument. Now, I'd say your cash/share=$10 establishes a fairly hard lower limit for the stock. Also, the cash on hand is 244M not 238M, a trifle. I've been trying to figure out how the increased cash while losing money. Is this just a quirk of cash flow accounting?