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KOMAG AND HEWLETT-PACKARD ANNOUNCE ALLIANCE TO PRODUCE MAGNETO-RESISTIVE HEADS

 KOMAG AND HEWLETT-PACKARD ANNOUNCE ALLIANCE
 TO PRODUCE MAGNETO-RESISTIVE HEADS
 MILPITAS, Calif., June 19 /PRNewswire/ -- Komag Inc. (NASDAQ: KMAG) and Hewlett-Packard Co. (NYSE: HWP) today announced that the two firms have entered into an alliance to develop and manufacture magneto- resistive (MR) thin-film read/write heads. Under the terms of the agreement, Komag will develop prototype magneto-resistive heads based upon engineering designs and processes developed by Hewlett-Packard. Upon successful completion of the MR head development effort, Komag will manufacture and supply sufficient quantities of MR heads to meet H-P's requirements. The agreement also allows the company to manufacture and sell MR heads to other disk drive manufacturers. Komag anticipates that its Dastek Inc. subsidiary will undertake the development and manufacture of the MR heads. Prototype fabrication of advanced nanoslider MR heads is scheduled for the third calendar quarter this year. The companies expect initial production by Dastek to begin in early 1993, with volume shipments in 1994.
 "We are extremely pleased to expand our relationship with Komag with this new alliance," said Bruce Spenner, general manager of Hewlett-Packard's Disk Memory Division. "We believe that the successful development of MR heads will enhance development of a new generation of computer storage devices capable of storing significantly more information than today's products. The introduction of such devices is becoming essential as computers continue to become more powerful, mobile and their software applications continue to grow in complexity," commented Spenner.
 "Komag is currently a disk supplier for many of Hewlett-Packard's disk drive programs. This new joint development effort expands our existing customer-supplier relationship to both disks and heads, two key components in the design of a disk drive," noted Stephen C. Johnson, Komag's president and chief executive officer. "We believe that MR heads are a key enabling technology which provides for continued increases in recording density in magnetic disk drives. The MR head designs and processes developed by Hewlett-Packard over the past several years provide a solid base from which further advances can be made. We are particularly excited about working with H-P on the MR head project because H-P's initial designs offer unique opportunities for product differentiation and are capable of supporting several generations of future disk drive programs. We also appreciate H-P's proven technical expertise and the prospect of continued joint development activity," stated Johnson.
 "In selecting Komag for this alliance, H-P has obtained a reliable supplier with proven manufacturing skills to undertake the production of leading-edge MR heads in high volume. We believe that HP's MR head technology will further advance our efforts to address head-disk integration issues that will become more critical in future disk drive designs," continued Johnson.
 Hewlett-Packard Co. is an international manufacturer of measurement and computation products and systems recognized for excellence in quality and support. The company's products and services are used in industry, business, engineering, science, medicine and education in approximately 100 countries. H-P has 90,000 employees and had revenues of $14.5 billion in its 1991 fiscal year.
 Komag is a leading supplier of thin-film components for high- performance Winchester disk drives, and is the only volume supplier of both thin-film heads and thin-film disks to the merchant market. The company's thin-film products address the fast growing high-capacity, high-performance segment of the Winchester disk drive market. Winchester disk drives are widely used in a broad range of computer applications from mainframes to portable computers. Komag is the leading supplier of media to this market segment and manufactures the highest density disks commercially available for 5.25-inch and smaller form factors. In addition to thin-film disks, Komag manufactures precision disk substrates and thin-film heads through its two consolidated joint venture subsidiaries, Komag Material Technology and Dastek, respectively. Dastek is one of the three largest suppliers of thin-film heads to the merchant market. Komag also operates a technical support facility in Singapore.
 Komag and its consolidated subsidiaries maintain 668,000 square feet of manufacturing and adminstrative space in California and Malaysia, and employ 2,6000 people. The company also manufactures and sells thin-film disk products through an unconsolidated joint venture, Asahi Komag Co. Ltd., which is among the top three media producers in Japan. The company was founded in 1983.
 -0- 6/19/92
 /CONTACT: David H. Allen, T. Hunt Payne or William L. Potts Jr. of Komag, 408-946-2300; or Randi Braunwalder of Hewlett-Packard, 208-323-2332; or John Trifari of John Trifari Public Relations, 415-349-9812, for Komag/
 (KMAG HWP) CO: Komag Inc.; Hewlett-Packard Co. ST: California, Idaho IN: CPR SU: JVN


MM -- SJ002 -- 1753 06/19/92 07:06 EDT
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Publication:PR Newswire
Date:Jun 19, 1992
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