| Dewey Defeats ...? Teradyne Quashes Forbes Report |
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| Written by Mike Buetow | |||
| Friday, 04 March 2005 10:30 | |||
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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.
"That said, we detected the hint of a possibility that Teradyne may
seek to exit the business," CSFB said.
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| Last Updated on Friday, 04 March 2005 10:38 |
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