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Disk-Drive Stocks Sag As Hutchinson Warns On Weak Demand

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Linked by The Tech Trade ( track newsfeed | ignore newsfeed ) - June 28, 10:17AM from (www.forbes.com)

Disk-drive stocks are trading lower early Thursday after tiny Hutchinson Technology last night issued an ominous warning on June quarter results. Hutchinson makes suspension assemblies used in disk-drives. The company said it shipped 100 million of them in the fiscal Q3 ended June 24, up from 96.9 million one quarter earlier, but below guidance of ...

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