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Page 1 of 5 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
HMT Technology Corporation
----------------------------
(Name of Issuer)
Common Stock, $.001 par value
------------------------------
(Title of Class of Securities)
0004039171
--------------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Page 2 of 5 Pages
Cusip No. 0004039171
13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hitachi Metals, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 2,998,255
BENEFICIALLY ------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH 7 SOLE DISPOSITIVE POWER
------------------------------------------------------------
2,998,255
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,998,255
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
C0
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 5 Pages
Cusip No. 0004039171
13G
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hitachi, Ltd.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 2,998,255
BENEFICIALLY ------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH 7 SOLE DISPOSITIVE POWER
------------------------------------------------------------
2,998,255
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,998,255
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.0%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
C0
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 4 of 5 Pages
Cusip No. 0004039171
This is an Amendment No.2 to the Schedule 13G originally filed on June 10,
1997 (the "Schedule 13G") on behalf of Hitachi, Ltd. and Hitachi Metals, Ltd.
Unless specifically amended and/or restated herein, the disclosure set forth in
the Schedule 13G shall remain unchanged.
Item 4. Ownership.
(a) Amount Beneficially Owned:
Hitachi, Ltd.--2,998,255 shares*
Hitachi Metals, Ltd.--2,998,255 shares*
(b) Percent of Class: 7.0%* (based on 42,658,949 shares outstanding
on October 26, 1997 as reported in HMT Technology Corporation's
Form 10-Q for the quarterly period ended September 30, 1997)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Hitachi, Ltd.--2,998,255 shares*
Hitachi Metals, Ltd.--2,998,255 shares*
(ii) shared power to vote or to direct the vote:
Hitachi, Ltd.--0 shares*
Hitachi Metals, Ltd.--0 shares*
(iii) sole power to dispose or to direct the disposition of :
Hitachi, Ltd.--2,998,255 shares*
Hitachi Metals, Ltd.--2,998,255 shares*
(iv) shared power to dispose or to direct the disposition of:
0 shares*
__________
* Hitachi Metals, Ltd. beneficially owns the 2,998,255 shares of the common
stock of HMT Technology Corporation reported hereon as a result of its
record ownership of such shares. Hitachi Ltd. beneficially owns such
2,998,255 shares as a result of its ownership of approximately 53.8% of the
outstanding voting securities of Hitachi Metals, Ltd.
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Page 5 of 5 Pages
Cusip No. 0004039171
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information
set forth in this statement with respect to it is true, complete and correct.
Dated: February 18, 1998
HITACHI, LTD.
By: /s/ Shuji Nakanishi
-----------------------
Name: Shuji Nakanishi
Title: General Manager
Affiliated Companies Office
HITACHI METALS, LTD.
By: /s/ Atsumu Yamaguchi
--------------------
Name: Atsumu Yamaguchi
Title: Board Director
