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

To: Stitch who wrote (5179)	1/7/1999 1:23:00 PM
From: Ron M	Read Replies (2) \| Respond to of 9256

Notes on HTCH conference call: Replay number 1-800-633-8284 access 113-12640 Sales Q1 155M vs 116M Q4 Profit 11.5M vs 13.3L in Q4 net sales dollars 71% TSA; 28% Conventional 144M suspensions shipped; 55M TSA ASP $1.05; TSA ASP =$1.90 upward bias due to accelerated ramp on one program. ASP Conv. = $0.50-0.55 Conventional shipped 6.8M/wk avg TSA entered Q1 at 4M exited over 5M TSA achieved profitability for the Q Demand exceeds capacity by 20-30% Looking to exit Q4 99 at 10M TSA/wk Conv expected to stay level to slightly down 50M credit line negotiated, amendments to covenants negotiated. Expect to exit 99 with gross margin in high 20s, low 30s in Q1 00 Maxtor and WD new customers Currently 15 production programs, 7 desktop, 4 server, 4 portable. Top Customers, IBM 36%; SAE/TDK 18%; Yamaha 14%; Seagate 10%; RR 7%. Q2 visability--steady loan covenants in compliance no litigation of significance 25-30 TSA cells in production; adding one every two weeks. expect yield efficiency to improve 20-30% foresee sequential margin expansion Ah enough already---Go listen. It sounded great.