Printer Friendly

HUTCHINSON TECHNOLOGY PROJECTS LOWER THIRD QUARTER RESULTS

 HUTCHINSON TECHNOLOGY PROJECTS LOWER THIRD QUARTER RESULTS
 HUTCHINSON, Minn., June 9 /PRNewswire/ -- Hutchinson Technology Incorporated (NASDAQ-NMS: HTCH) announced today that revenue and earnings for the third quarter of fiscal 1992 would be adversely affected by process difficulties and reduced efficiency due to changing to a seven-day work schedule in manufacturing. Jeffrey Green, chairman and CEO, noted that the inefficiencies were compounded by significantly increased customer demand which required changes in manufacturing priorities.
 Green said, "We are disappointed with our performance during the first part of this quarter, but we are pleased that our processes and efficiency appear to be considerably improved. We are also pleased with the strong increase in customer demand."
 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.
 -0- 6/9/92
 /CONTACT: John Ingleman of Hutchinson Technology, 612-587-3797; or Chris Malecek of Mona Meyer McGrath & Gavin, 612-832-5000, for Hutchinson Technology/
 (HTCH) CO: Hutchinson Technology Incorporated ST: Minnesota IN: CPR SU:


KH -- MN003 -- 8242 06/09/92 09:10 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 9, 1992
Words:179
Previous Article:CUSTOMERS MATCH DOMINION'S INITIAL $10 MILLION INVESTMENT IN FIRST INSTALLMENT-PURCHASE UTILITY MUTUAL FUND
Next Article:BREAK-AWAY BASES COULD PREVENT MILLIONS OF AMATEUR BASEBALL AND SOFTBALL INJURIES EACH YEAR, SAYS MAIN LINE ORTHOPAEDIST
Topics:


Related Articles
HUTCHINSON TECHNOLOGY REPORTS FOURTH QUARTER RESULTS
HUTCHINSON TECHNOLOGY REPORTS FIRST QUARTER RESULTS
HUTCHINSON TECHNOLOGIES REPORTS FIRST QUARTER RESULTS
HUTCHINSON TECHNOLOGY REPORTS CONTINUED PRESSURE ON MARGINS
HUTCHINSON TECHNOLOGY REPORTS THIRD QUARTER RESULTS
HUTCHINSON TECHNOLOGY REPORTS FIRST QUARTER RESULTS
HUTCHINSON TECHNOLOGY REPORTS THIRD QUARTER RESULTS
HUTCHINSON TECHNOLOGY REPORTS RECORD THIRD QUARTER RESULTS
HUTCHINSON TECHNOLOGY REPORTS FIRST QUARTER RESULTS
HUTCHINSON TECHNOLOGY EXPECTS THIRD QUARTER NET EARNINGS WILL BE BELOW PRIOR YEAR LEVEL

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters