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 HUTCHINSON, Minn., March 10 /PRNewswire/ -- Hutchinson Technology

Incorporated (NASDAQ-NMS: HTCH) today announced that it has filed a registration statement with the Securities and Exchange Commission covering a public offering by the company of 1,000,000 shares of its common stock. The company will grant the underwriters a 30-day option to purchase up to an additional 150,000 shares of its common stock for the purpose of covering over-allotments. The offering is being underwritten by Montgomery Securities and Dain Bosworth Incorporated.
 The company intends to use the net proceeds for general corporate purposes, primarily expenditures for manufacturing and support equipment, including equipment for further automation.
 Hutchinson Technology is the leading worldwide supplier of suspension assemblies for disk drives and also produces components for other computer peripheral, electronic and technical applications.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A 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, Minn., 55350. Copies of the prospectus may also be obtained from Montgomery Securities, 600 Montgomery Street, San Francisco, Calif., 94111, Attention: Syndicate Department (telephone: 415-627-2000), and Dain Bosworth Incorporated, Dain Bosworth Plaza, 60 South Sixth Street, Minneapolis, Minn., 55402, Attention: Syndicate Department (telephone: 612-371-2818).
 -0- 3/10/92
 /CONTACT: John A. Ingelman of Hutchinson Technology, 612-587-3797, or Chris Malacek of Mona, Meyer, McGrath & Gavin, 612-832-5000, for Hutchinson Technology/
 (HTCH) CO: Hutchinson Technology Incorporated ST: Minnesota IN: CPR SU: OFR

KH -- MN002 -- 6778 03/10/92 10:14 EST
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Publication:PR Newswire
Date:Mar 10, 1992

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