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

To: TEMFASSBAL who wrote (5411)	2/3/1999 9:54:00 AM
From: Ron M	Respond to of 9256

Tim: FYI Hutchinson Technology Common Stock Offered at $45.50 per Share PR Newswire - February 03, 1999 00:59 HUTCHINSON, Minn., Feb. 3 /PRNewswire/ -- Hutchinson Technology Incorporated (Nasdaq: HTCH) today announced a public offering of 4,800,000 shares of its common stock at a price of $45.50 per share. The offering was underwritten by Goldman, Sachs & Co., Salomon Smith Barney and Hambrecht & Quist. The company intends to use the net proceeds for general corporate purposes, primarily capital expenditures related to expansion of TSA suspension assembly production capacity. Hutchinson Technology is the leading worldwide supplier of suspension assemblies for disk drives. A final prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from the Secretary of Hutchinson Technology Incorporated, 40 West Highland Park, Hutchinson, Minnesota 55350. Copies of the final prospectus may also be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004 (telephone: 212-902-1000); Salomon Smith Barney Inc., 390 Greenwich Street, Third Floor, New York, New York 10013, Attention: Prospectus Department (telephone: 212-816-6000); Hambrecht & Quist, One Bush Street, San Francisco, California 94104, Attention: Syndicate Department (telephone: 415-439-3000). SOURCE Hutchinson Technology Incorporated /CONTACT: Todd Bradley, Investor Relations of Hutchinson Technology Incorporated, investors, 320-587-1605; or Chris Malecek of Shandwick International, media, 612-841-6181/ (HTCH)