Earnings Call Excerpt
Hutchinson Technology Inc. (HTCH)
F3Q08 (Qtr End 06/29/08) Earnings Call Transcript
July 29, 2008 5:00 pm ET
Executives
John Ingleman – SVP and CFO
Wayne Fortun – President and CEO
Kathleen Skarvan – VP and President of Disk Drive Components Division
Richard Penn – SVP and President of BioMeasurement Division
Analysts
Ingrid Aja – Merrill Lynch
Sherri Scribner – Deutsche Bank
Christian Schwab – Craig-Hallum Capital Group
Rich Kugele – Needham & Company
Matt Kather – WR Hambrecht
Jayson Noland – Robert W. Baird
Presentation
Operator
Good afternoon, ladies and gentlemen, thank you for standing by. Welcome to the Hutchinson Technology third quarter results conference call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator instructions) This conference call is being recorded today, Tuesday, July 29th of 2008.
I would now like to turn the conference over to John Ingleman, Chief Financial Officer. Please go ahead, sir.
John Ingleman
Good afternoon, everyone.
With me today is Wayne Fortun, our CEO; Kathleen Skarvan, President of our Disk Drive Components Division; Rick Penn, President of our BioMeasurement Division; David Radloff, Vice President of Corporate Finance; and Chuck Ives, our Investment Relations Manager.
As a reminder, we will be providing forward-looking information on demand for and shipments of the company's products, demand for design and product development, production capabilities, capital expenditures, worldwide disk drive and suspension demand and shipments, average selling prices, our BioMeasurement Division's revenue, product commercialization and adoption and results of operations and operating performance. These forward-looking statements involve risks and uncertainties that are based on our current expectations.
Our actual results could differ materially as a result of several factors that are described in our periodic reports on file with the SEC. In connection with the adoption of SEC rules governing fair disclosure, the company provides financial information and projections only through means that are designed to provide broad distribution of the information to the public. The Company will not make projections or provide material non-public information through any other means. We issued our third quarter results announcement just after the market closed this afternoon. The announcement is now posted on our website at www.htch.com.
I'll turn the call over to Wayne for some opening comments.
Wayne Fortun
Thanks, John.
We are disappointed to be reporting a loss for our third quarter, but we are encouraged by developments in both our Disk Drive Components Division and our BioMeasurement Division. In both areas, we're making the progress required to generate revenue growth and better leverage our investments in our TSA + processes and in our InSpectra StO2 systems.
- To read the full transcript on Seeking Alpha, click here »
