Hutchinson Technology, Q1 2011 Earnings Conference Call Transcript

Hutchinson Technology, (HTCH)

Q1 2011 Earnings Conference Call

January 25, 2011 04:58 pm ET

Executives

Chuck Ives – Director of Investor Relations and Treasurer

Kathleen S. Skarvan – President of Disk Drive Components Division

David Radloff – Chief Financial Officer

Richard Penn – Biomeasurement Division

Wayne Fortun – Chief Executive Officer

Analysts

Sherri Scribner – Deutsche Bank

(Rich Coogle) – Needham and Company

(Matt Swill) – Gleacher Securities

Mark Miller – Novell Capital

Eric Reubel – MTR Securities

(Tom Lewis)

Presentation

Operator

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Good morning ladies and gentlemen, thank you for standing by and welcome to the Hutchinson Technology First 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, if you have a question please press the star followed by the one on your touchtone phone. If you would like to withdraw your question please press the star followed by the two and if you’re using speaker equipment please lift the handset before making your selection.

This conference is being recorded today, Tuesday, January 25 of 2011. I’d now like to turn the conference over to Director of Investor Relations and Treasurer, Mr. Chuck Ives, please go ahead sir.

Chuck Ives

Good afternoon everyone, welcome to our first quarter results conference call. On the call with me today are Wayne Fortun our Chief Executive Officer, Kathleen Skarvan, President of our Disk Drive Components Division, Rick Penn, President of our Biomeasurement Division and Dave Radloff our Chief Financial Officer.