Here is what I take from the purchase by Mr. Verhage. He received his MBA in business administration from the University of Wisconsin. From 1976 to 2002 he worked at Arthur Anderson where he went on to serve as a partner from 2002-2004. From 2002 to 2004 he was a partner at Deloitte & Touche. From 2004 to 2011 he served as the VP and CFO of Donaldson Company, Inc. I believe Mr. Vehage has an excellent knowledge of finance and, particlarly, finance as it relates to manufacturing entites. I also note that Mr. Verhage has purchased close to 300K worth of HTCH stock in the open market, while purchasing very lilttle stock of Franklin Electric, another entitiry for which he serves as a director. Given his career path I would expect that Mr. Verhage has accumulated some wealth, but not enough that, at age 60, he can afford to burn 300K on a whim. None of us can see the future, but I take some comfort with regard to my position in HTCH on the basis of Mr. Verhage's recent and past purchses.
Since I am from an "other area" I suppose I should take offense, but I like a guy who takes pride in his home. I echo your sentiments, good luck to us all.
Per the WDC cc, the TAM was 139. Per HTCH's last cc, the average heads per drive is 3.2. This leads to estimate of 444.8 SAs for last quarter. HTCH forecast it would ship 100 - 110 SAs. If my math is correct (never something to be assumed) 110 would be a 24.7% market share. Even 100 would be a 22.5% market share, which I think is up from previous position for HTCH. So, at least from my perspective, if HTCH can make the low end of guidance, that still is showing movement in the right direction.
Listen to the HTCH's presentation at the recent Craig Hallum conference. You can access it through the HTCH website.
I was looking back at the run up in the share price in May and wondering what it was that those buyers were expecting/hoping to hear in the July cc. I think your previous predictions regarding this quarter's results will prove to be accurate,especially in light of what was said at the recent confernce. It certainly won't be bad news, and the projections forward continue to be attractive, but I doubt it is going to excite anything like the run up in May. Maybe the FY1Qtr results/cc will be the catalyst for which we are looking.
To each his own. For my part I am pleased to see this. Given the minimal nature of the "annoucement" concerning this item, I suspect it is a small thing. Still, while I agree that HTI's core product and the sale of that core product to WDC and STX is the "cake", if things like this and the optical image stabilizer, etc. grow to the point where they can become the icing on that cake, so much the better.
Here is the text from the article.
Hutchinson's Flex Boards Target Medical Devices
Tuesday, October 01, 2013 | Hutchinson Technology
Hutchinson Technology, an industry leader in manufacturing precision components, has begun shipments of flexible PCBs to a leading medical device manufacturer.
The flex circuit designs include polyimide covercoat, gold plating, immersion silver plating, stiffener attach, and screened solder. The company produces circuit features down to 0.001” lines and spaces at high yields in production volumes.
“Our flex circuit capability is the ideal solution to our customer’s need for complex features, and we were able to design and deliver a product solution within a short ramp timeline,” stated Dr. Peter Ladwig, manager of advanced development. “We are pleased to support our customer in meeting tight time-to-market requirements on this program.”
What I found was a short article stating that HTI has begun shipping flexible printed circuit boards to a medical device manufacturer that wil incorporate them into its products.
That would be agreeable. I am glad to see HTI is presenting at the conference this Thursday. I don't expect anything new, but it will be nice to hear the message reaffirmed. The next cc is still over a month away.