Hutchinson Technology Inc.

March 9, 2011 at 3:02AM

Headquarters: Hutchinson, Minn.

CEO: Wayne Fortun

Business: Makes suspension assemblies for hard disk drives and a medical device; disk drive components make up 99 percent of revenues.

Founded: 1965

Ticker: HTCH

In the news: Announced plans Tuesday to cut 700 to 900 jobs. Before those cuts, the company reported 2,275 employees in 2010 compared with 5,547 in 2005.

Revenues: $347.2 million in 2010 compared with $631.6 million in 2005.

Net income/losses: Loss of $58.9 million in 2010 compared with a profit of $54.9 million in 2005.

Source: Star Tribune records, Bloomberg

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