I've been long on Hutchinson Technology for a while. Coincident with their recent quarterly report, they released news about improvements in their new product for Optimal Image Stabilization in smartphone cameras. So, while investors remain in limbo with the turnaround that seems always to be 6 months away, this seems like a potentially transformative development.
Are there any readers with a foot in the smartphone business? What is the unit sales potential of this in the near term?
Hutchinson is definitely a poster child for one of my speculating rules of thumb - that putting yourself in a position where you might be roundly embarrassed by your public positions can be very profitable. I may not have mentioned this before, but that is also a very effective, and demeaning, way to bankrupt yourself. Therein lies the rub.
Anyway, come on readers....Do you know? Or, do you know someone who might have an informed opinion?