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Hutchinson Technology Inc CEO Discusses F3Q11 Results - Earnings Call Transcript

Hutchinson Technology Inc. ( HTCH)

F3Q11 Earnings Call

July 26, 2011, 5:00 PM ET

Executives

Chuck Ives – Treasurer and Director of Investor Relations

Wayne Fortun – Chief Executive Officer

Rick Penn – President, Disk Drive Components Division

Dave Radloff – Chief Financial Officer

Analysts

Sherri Scribner – Deutsche Bank

Rich Kugele – Needham & Company

Matthew Swope – Gleacher Securities

David Epstein – CRT

Tom Lewis – High Road Value Research

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Hutchinson Technology third quarter results conference call.

During today's presentation, all parties will be placed 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 26th, 2011. And I would now like to turn the conference over to Mr. Chuck Ives, Director of Investor Relations and Treasurer. 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 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, 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, assembly operations in Thailand, capital spending, product costs, manufacturing consolidation and restructuring, operating expenses, our BioMeasurement Division's results, product commercialization and adoption, and the company's cost structure, operating performance and financial results.

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