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Hutchinson Technology Incorporated F3Q10 (Qtr End 06/27/10) Earnings Call Transcript

Hutchinson Technology Incorporated (HTCH)

F3Q10 (Qtr End 06/27/10) Earnings Call Transcript

July 27, 2010 5:00 pm ET

Executives

Chuck Ives – IR Manager

Wayne Fortun – President and CEO

Kathleen Skarvan – VP and President, Disk Drive Components Division

Rick Penn – SVP and President, BioMeasurement Division

Steve Polacek – SVP and CFO

Analysts

Rich Kugele – Needham & Company

Sherri Scribner – Deutsche Bank

Tom Lewis – High Road Value Research

Ambar Espinoza – Minnesota Public Radio

Mark Miller – Noble Financial

Jim Brilliant – Century Management

Presentation

Operator

Good day, ladies and gentlemen, thank you for standing by. Welcome to the Hutchinson Technology's 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 opened for questions. (Operator instructions) This conference is being recorded today, Tuesday, July 27 th, 2010. I would now like to turn the conference over to Mr. Chuck Ives from Investor Relations. Please go ahead, sir.

Chuck Ives

Good afternoon, everyone. Welcome to our third quarter results conference call. On the call with me today are Wayne Fortun, our CEO; Kathleen Skarvan, President of our Disk Drive Components Division; Rick Penn, President of our BioMeasurement Division; Steve Polacek, our Chief Financial Officer; and Dave Radloff, our Corporate Controller.

As a reminder, we will be providing forward-looking information on demand for and shipments of the Company's products, production capabilities and capacity; capital spending; pricing, product cost; cost reductions, our plans to establish an assembly operation in Thailand; our BioMeasurement Division's revenue; product commercialization and adoption; the Company's results of operations and operating performance.

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