Hutchinson Technology, Inc. ( HTCH)

F4Q2011 Earnings Conference Call

November 1, 2011 5:00 PM ET


Chuck Ives – Director, IR & Treasurer

Wayne Fortun – CEO

Rick Penn – President, Disk Drive Components Division

Dave Radloff – CFO


Sherri Scribner – Deutsche Bank

Rich Hoogly [ph] - B&M Company [ph]

Mark Miller – Noble Financial

Tom Lewis – High Road Value Research

Eric Ruebel – MTR Securities

Franklin Leong – Silver Lake Credit



Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Hutchinson Technology’s fourth 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. (Operator instructions) This conference is being recorded today, Tuesday, November 1 st, 2011.

I would now like to turn the conference over to Chuck Ives, Director of Investor Relations and Treasurer. Go ahead, sir.

Ch uck Ives

Good afternoon, everyone. Welcome to our fourth 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, product mix, pricing, production capabilities, assembly operations in Thailand, the impact of flooding in Thailand, our insurance coverage and claims, capital spending, product costs, operating expenses, our BioMeasurement Division's results, product commercialization and adoption, manufacturing consolidation and restructuring, and the company's cost structure, operating performance, cash position and financial results.

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