In the fiscal 2010 fourth quarter, the company's cash used by operations was $19.2 million, capital expenditures totaled $9.8 million and the company repaid the remaining $34 million balance on the loan obtained against its portfolio of auction rate securities. All of the company's remaining auction rate securities were put back to UBS at par value during the quarter, under the terms of a previous agreement. The company's cash and investments balance at quarter end totaled $104.5 million. The company said that it expects its fiscal 2011 capital expenditures to be $20 million to $25 million, compared to $32 million for fiscal 2010.Disk Drive Components Division
Hutchinson Technology Reports Fourth Quarter Loss On Reduced Volume
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