Hutchinson Technology's 2nd largest shareholder discloses 5.5% ownership

theflyonthewall.com

Investor Timothy Stabosz filed a Form 13D with the SEC, disclosing 5.5% ownership of Hutchinson Technology's common stock. In the filing, Stabosz provides context for his belief that the company's common stock is undervalued, and expresses his support for the board's operational and financial turnaround strategy...but also suggests that the company should look at exploring strategic alternatives, if it is unable to return to profitability by the end of the current fiscal year ended Sept. 30, 2013. Finally, Stabosz also asks the board to consider a sale of the company's money losing BioMeasurement division.

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