Boston - Teradyne today dispelled a report that it plans to close its backplane manufacturing operations.

In a statement to Circuits Assembly, Tom Pursch, vice president of Teradyne Connection Systems and manager of its printed circuit board business, said: "Teradyne is committed to our printed circuit board business. Credit Suisse First Boston's reporting of a 'hint of a possibility' that we may exit this business is just plain wrong. Our strategy to lower our costs, reduce idle capacity and focus on the high-end domestic market is working."

On Thursday, Forbes reported a leading investment bank suggested the maker of semiconductor and assembly test gear and PCBs might be looking to exit the PCB business.