Fortun said that in addition to reducing the operating loss in the BioMeasurement Division, the company's path to profitability includes increasing revenue through overall suspension assembly market growth and higher market share, improving TSA+ production efficiency and establishing operations in Thailand.Cash flow from operations in the fiscal 2010 third quarter totaled $2.9 million and capital expenditures totaled $10.9 million. The company has reduced its capital spending plans for fiscal 2010 from $50 million to $40 million. During the quarter, the company sold $20.5 million of auction rate securities at par value, and the full proceeds were applied to the loan that was previously obtained against these securities. The company's cash and investments balance at the end of the quarter totaled $168 million.
Hutchinson Technology Reports Third Quarter Loss
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