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Hutchinson Technology's CEO Discusses F2Q 2011 Results - Earnings Call Transcript

Hutchinson Technology Incorporated ( HTCH)

F2Q 2011 Earnings Conference Call

April 26, 2011 5:00 PM EST


Chuck Ives – Treasurer and Director of IR

Wayne Fortun – CEO

Rick Penn – President, Disk Drive Components Division

Dave Radloff – CFO


Sherri Scribner – Deutsche Bank

Eric Reubel – MTR Securities

Tom Lewis – High Road Value Research

Mark Miller – Noble Financial Capital Markets

David Epstein – CRT

Jeremy Skrezyna [ph] – Andalusia Capital Partners



Good afternoon, ladies and gentlemen, and thank you for standing by, and welcome to the Hutchinson Technology second quarter results conference call.

At this time, all participants are in a listen-only mode. And following the presentation, instructions will be given for the question-and-answer session. (Operator Instructions).

And as a reminder, this conference is being recorded today, April 26 th, 2011.

I would now like to turn the conference over to Chuck Ives. Please go ahead.

Chuck Ives

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

Wayne will provide an overview of the business as well as a brief update on our BioMeasurement Division; Rick will provide an update on our Disk Drive Components Division; and Dave will speak to our financial results and guidance.

As a reminder we will be providing forward-looking information on-demand for and shipments of disk drives and the company’s products, market position, product mix, pricing, production capabilities and capacity, capacity utilization, assembly operations in Thailand, capital spending, product costs, manufacturing consolidation and restructuring, operating expenses, our BioMeasurement Division’s revenue and expenses, clinical evidence, product commercialization and adoption, and the company’s cost structure, operating performance and financial results.

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