big money maker for those with a big picture, longer term perspective. In my opinion, about a 4 - 6 bagger over the next 2 years. Now is not the time to get bogged down in tech charts or single Q results or any other details. Just buy more shares and relax, it is heading higher.....a wee bit up today, more tomorrow, more next week, some next month, and on and on. It will be relentless.
" HUTCHINSON, Minn., Jan. 13, 2014 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported preliminary results for its fiscal 2014 first quarter ended December 29, 2013.
The company shipped 115.7 million suspension assemblies in the fiscal 2014 first quarter, up 13% from 102.6 million in the preceding quarter. Rick Penn, Hutchinson Technology's president and chief executive officer, said that suspension assembly demand for 2.5" mobile drives was particularly strong during the quarter and the company responded quickly to meet the higher than expected demand."