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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (9085)	1/9/2002 6:32:34 PM
From: Sam	Read Replies (3) \| Respond to of 9256

Hutchinson Technology (HTCH: news, chart, profile) leapt nearly 10 percent after the company said Tuesday that it expects to report a profit of 16 to 21 cents a share, which includes a one-time increase to operating income totaling $2.6 million, or 8 cents a share. Analysts polled by Thomson Financial/First Call had been expecting a loss. The company, which makes computer disk drive parts, also said net sales for its fiscal first quarter, which ended December 30, 2001, totaled approximately $93 million. The news gave a lift to a number of Hutchinson's sector-mates, including Read-Rite (RDRT: news, chart, profile), Western Digital (WDC: news, chart, profile), and Maxtor (MXO: news, chart, profile).