Hutchinson Technology's 2nd Largest Shareholder Files Form 13D

Hutchinson Technology's 2nd Largest Shareholder Files Form 13D

5.5% Position Reported by Investor Timothy Stabosz

Releases Letter to the Board of Directors

LAPORTE, Ind., Nov. 13, 2012 (GLOBE NEWSWIRE) -- Today, Investor Timothy
Stabosz filed a Form 13D with the SEC, disclosing 5.5% ownership of Hutchinson
Technology, Inc.'s (Nasdaq:HTCH) 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.The primary filing with the SEC can be viewed at this web link:

http://www.sec.gov/Archives/edgar/data/772897/000116289312000009/htch13d.txt

In addition, Mr. Stabosz submitted a letter to the company's Board of
Directors.Such letter includes additional detail on the items noted above,
among other things, and can be viewed at the following web link:

http://www.sec.gov/Archives/edgar/data/772897/000116289312000009/htchltr.txt

Timothy Stabosz is a long time "deep value" investor, specializing in a Graham
& Dodd style investment regimen, emphasizing traditional value criteria, such
as low price/book, low price/sales, discount to historical trading prices and
historical earnings, etc.Stabosz looks for turnaround situations, in areas of
the market he considers to be extremely inefficient, with an emphasis on
underfollowed microcap, and low-priced stocks.He invests for his own account.

CONTACT: Timothy Stabosz at (219) 324-5087, or tstabosz@yahoo.com