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HUTCHINSON TECHNOLOGIES REPORTS FIRST QUARTER RESULTS

 HUTCHINSON, Minn., Jan. 25 /PRNewswire/ -- Hutchinson Technology Incorporated (NASDAQ-NMS: HTCH) today reported net income of $5,723,000, or $1.08 per share, on net sales of $50,395,000 for the first quarter ended Dec. 27, 1992, compared to net income of $2,169,000, or $0.54 per share, on net sales of $35,230,000 in the comparable fiscal 1992 quarter.
 Jeffrey W. Green, Hutchinson Technology's chairman and chief executive officer, said the 43-percent increase in first quarter net sales resulted primarily from increased shipments of suspension assemblies and to a lesser extent from a shift in the sales mix toward more precise, higher value products.
 Net income for the fiscal 1993 first quarter increased 164 percent from the comparable fiscal 1992 period. Green attributed the increase to the higher volume of suspension assembly shipments and to improved gross margins resulting from increased use of automation, improvements in processes and tooling and the increased proficiency of employees added in prior months.
 Compared to the fiscal 1992 fourth quarter, fiscal 1993 first quarter net sales increased 11 percent and income from operations increased 31 percent.
 Green said that disk drive companies have been accelerating the development and manufacture of higher capacity disk drives. As a result, their demand for suspension assemblies is continuing to shift toward more precise suspension types. "We believe this shift is increasing the rate of adoption of our new suspension designs for the coming generation of disk drives," said Green.
 The company continues to increase production and add capacity to meet customer requirements. Expansion of the company's manufacturing plant in Sioux Falls, South Dakota, is complete and an expansion of the company's Hutchinson, Minn., plant is in progress and expected to be available for use by the fall.
 Hutchinson Technology is the leading worldwide supplier of suspension assemblies for disk drives.
 HUTCHINSON TECHNOLOGY INCORPORATED
 Summary of First Quarter Results
 Quarter Ended 12/27/92 12/29/91
 Net sales $ 50,395,000 $ 35,230,000
 Income from operations 7,529,000 2,828,000
 Income before income
 taxes 7,630,000 2,817,000
 Net income 5,723,000 2,169,000
 Net income per share $1.08 $0.54
 Weighted average common
 and common equivalent
 shares outstanding 5,322,000 4,037,000
 -0- 1/25/93
 /CONTACT: John A. Ingleman, chief financial officer of Hutchinson Technology, 612-587-3797, or Chris Malecek of Mona, Meyer, McGrath & Gavin, 612-832-5000, for Hutchinson Technology/
 (HTCH)


CO: Hutchinson Technology ST: Minnesota IN: CPR SU: ERN

TM-LD -- NY004 -- 8210 01/25/93 06:45 EST
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Date:Jan 25, 1993
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