Hutchinson Technology (HTCH) Tops Q4 EPS by 4c
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Hutchinson Technology Reports Fourth Quarter Results
November 2, 2015 8:05 AM ESTHUTCHINSON, Minn., Nov. 2, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ: HTCH) today reported net sales of $63.4 million for its fiscal fourth quarter ended September 27, 2015. Suspension assembly shipments for the quarter totaled 105.4 million, up 22% from 86.6 million in the preceding quarter.
"As we expected, overall demand for suspension assemblies grew in what is typically a seasonally stronger period for disk drive production," said Rick Penn, Hutchinson Technology's president and chief executive officer. "Our sales to all of our major disk drive customers increased in the quarter and we also benefited from our market position on... More
Hutchinson Technology Reports Fourth Quarter Results
November 2, 2015 8:05 AM ESTHUTCHINSON, Minn., Nov. 2, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ: HTCH) today reported net sales of $63.4 million for its fiscal fourth quarter ended September 27, 2015. Suspension assembly shipments for the quarter totaled 105.4 million, up 22% from 86.6 million in the preceding quarter.
"As we expected, overall demand for suspension assemblies grew in what is typically a seasonally stronger period for disk drive production," said Rick Penn, Hutchinson Technology's president and chief executive officer. "Our sales to all of our major disk drive customers increased in the quarter and we also benefited from our market position on... More
TDK Corporation to Acquire Hutchinson Technology Inc.
November 2, 2015 8:03 AM ESTTOKYO and HUTCHINSON, Minn., Nov. 2, 2015 (GLOBE NEWSWIRE) -- TDK Corporation ("TDK") and Hutchinson Technology Incorporated (NASDAQ: HTCH) ("HTI") today jointly announced that they have entered into a definitive merger agreement under which TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of US$3.62 per share, plus additional consideration of up to US$0.38 per share, depending on the level of cash (subject to certain adjustments) less any outstanding borrowings on HTI's revolving line of credit ("net cash") held by HTI as of the last day of the fiscal... More
