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To: Mark Oliver who wrote (2652)9/11/1998 2:29:00 PM
From: Mark Oliver  Read Replies (1) | Respond to of 3029
 
I mentioned comments from Hutch about their expectations for the quarter based on these first 10 weeks. Here is the link:

go2net.newsalert.com

Also, Motley Fool had this to say, "Disk drive suspension assemblies supplier Hutchinson Technology (Nasdaq:
HTCH) fell $1 1/16 to $13 15/16 after saying it has recorded a loss of $0.63
a share in the first 10 weeks of its fiscal fourth quarter. Analysts were
expecting a loss of $0.33 a share for the entire quarter. There may be a
flicker of light at the end of the tunnel (that or an oncoming train): The
company said orders have risen "modestly" in the past two weeks."

I missed this earlier story. Does anybody know about how this may be delaying the Innovex's plans to introduce prebonded suspensions? I don't think it can be a surprise to anyone.

Court Grants Hutchinson Technology Temporary Injunction Against Five Former Employees

PR Newswire - September 01, 1998 16:53

HUTCHINSON, Minn., Sept. 1 /PRNewswire/ -- Hutchinson Technology Incorporated (Nasdaq: HTCH) today announced that the McLeod County District Court granted Hutchinson Technology a temporary injunction against five of its former employees and the company they have formed called Applied Kinetics. The court order prohibits these employees from performing work that was found by the court to be in violation of their Hutchinson Technology non-compete agreements, pending trial in the matter.

Hutchinson Technology is the leading worldwide supplier of suspension assemblies for disk drives.

SOURCE Hutchinson Technology, Inc.

Regards,

Mark