LTX posts loss and takes charges for outsourcing tester production News & Analysis 8/28/2001 Post a comment WESTWOOD, Mass.--Semiconductor test systems supplier LTX Corp. today reported a net loss of about $5.0 million on sales of $47.3 million in the fiscal fourth quarter, ended July 31. The loss included a $14 million charge related to LTX's announced plans to transfer test systems production to contract manufacturer Jabil Circuit Inc., while cutting 15% of its full-time workforce.
Tellabs closes Irish site News & Analysis 8/22/2001 Post a comment Communications infrastructure specialist Tellabs has dealt the latest blow to the Irish Republic's high technology sector by announcing the closure of its site in County Clare, with the loss of 204 jobs.
Credence promotes two executives to lead company's growth News & Analysis 8/21/2001 Post a comment FREMONT, Calif. -- Credence Systems Corp. here today announced that Graham Siddall, president and CEO of the automatic test equipment (ATE) supplier, has been elected chairman.
Siddall, who will remain the company's CEO, succeeds retiring chairman William G. Howard Jr. Howard will continue to serve on the company's board.
Agilent's CEO sees no relief in sight for slumping test business News & Analysis 8/21/2001 Post a comment PALO ALTO, Calif. -- Executives from Agilent Technologies Inc. blamed the company's financial woes on several factors, especially "very weak" sales and losses in its flagship test and measurement business.
As reported, Agilent on Monday reported a smaller-than-expected loss in its fiscal third quarter, but it also announced plans to cut 4,000 jobs, or 9% of its workforce, to restore profitability "as soon as possible" (see Aug. 20 sto
Antimatter detects defects in semiconductors News & Analysis 8/17/2001 Post a comment Antimatter may soon be living up to its science fiction reputation as a useful commodity. Researchers from Germany have developed a scanning positron microscope which is sensitive enough to detect defects in semiconductors.
Credence combines units to expand test offerings News & Analysis 8/15/2001 Post a comment In a move that looks to expand the breadth of its test offerings, Credence Systems Corp. recently merged its wholly owned DFT subsidiary, Fluence Technology, with the newly acquired Integrated Measurement Systems Inc. (IMS).
Credence completes acquisition of ATE supplier IMS for $155 million News & Analysis 8/2/2001 Post a comment FREMONT, Calif. -- Credence Systems Corp. here announced that it has completed its acquisition of Integrated Measurement Systems Inc. (IMS), a supplier of automatic test equipment (ATE) for engineering and characterization applications. The deal is worth approximately $155 million in stock.
Under the terms, IMS of Beaverton, Ore. will become a subsidiary of Credence, a supplier of ATE systems in Fremont. Keith Barnes, chairman and chief executive, will become executive vice president of Credenc