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EXHIBIT 23.5
CONSENT OF CHASE H&Q
We hereby consent to the inclusion of our name and opinion letter dated
April 25, 2000 to the Board of Directors of Komag, Incorporated as Annex B to
the Joint Proxy Statement/Prospectus which forms a part of the Registration
Statement on Form S-4, as amended, relating to the proposed merger of Komag,
Incorporated, with HMT Technology Corporation and to the references to such
opinion in the Joint Proxy Statement/Prospectus under the captions "Summary of
the Joint Proxy Statement/Prospectus -- Opinions of Komag's and HMT's Financial
Advisors," and "The Merger -- Opinion of Komag's Financial Advisors," and "--
Background of the Merger and Related Agreements." In giving such consent, we do
not admit that we come within the category of persons whose consent is required
under Section 7 of the Securities Act of 1933, as amended, or the rules and
regulations issued by the Securities and Exchange Commission thereunder
(collectively, the "Securities Act") nor do we admit that we are experts with
respect to any part of such Registration Statement, as amended, within the
meaning of the term "expert" as used in the Securities Act.
CHASE H&Q
August 10, 2000
By: /s/ DAVID GOLDEN
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David Golden
Managing Director
