The company's assembly operation in Thailand has been qualified, and volume product is being shipped from the site. Start-up expenses for the Thailand operation totaled $4.7 million in the fiscal 2011 first quarter, compared with $2.9 million in the preceding quarter. "We are now focusing on increasing volume at our Thailand operation to further improve our cost position and customer service," said Skarvan.Skarvan said that the company continues to supply prototype volumes of dual-stage actuated (DSA) suspensions for customers' programs that are currently in development. "Our leading designs, proven capabilities and established capacity for DSA suspensions position us well to meet our customers' needs for this technology, which is currently expected to be more widely adopted in 2012," said Skarvan.
Hutchinson Technology Reports First Quarter Net Loss
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.