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Teradyne Inc

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BUSINESS
August 17, 2000
* Boston-based Teradyne Inc., a maker of semiconductor testing products, has agreed to buy Synthane Taylor of La Verne and Herco Technology of San Diego in a bid to expand its printed circuit board processing capacity. Terms of the deals were not disclosed. Herco is a maker of printed circuit boards, while Synthane makes printed circuit laminates, which it supplies to Herco.
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BUSINESS
September 15, 2001 | Bloomberg News
Teradyne Inc., the biggest maker of semiconductor-testing equipment, said it will cut 1,000 jobs, or 11% of its work force, and reduce some employees' pay as the chip-equipment industry works through its worst sales slump. Salaries of higher-paid employees will be reduced as much as 15%, though salaries of lower-paid workers won't be cut, the Boston-based company said. In the second quarter, Teradyne reported its first loss in 10 years.
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BUSINESS
September 7, 1995 | Times Staff and Wire Reports
Teradyne to Acquire Megatest: The Boston-based test-equipment maker said it will buy Megatest Corp., a San Jose-based maker of semiconductor testing equipment, for about $245 million in stock. As part of the deal, each Megatest shareholder will receive between 0.8333 and 0.9091 Teradyne Inc. share for each share of Megatest. News of the deal sent Megatest stock soaring 33%, rising $8 to close at 32.25 a share in Nasdaq trading. Teradyne was unchanged at $39.
BUSINESS
November 14, 2000 | BOB HOWARD
Three tenants signed leases valued at more than $39 million for 410,000 square feet of office and industrial space at the Conejo Spectrum, a 100-acre business park under development by Los Angeles- based Investment Development Services at Rancho Conejo Boulevard and Lawrence Drive in Newbury Park.
BUSINESS
October 12, 1993 | JACK SEARLES
Camarillo-based Vitesse Semiconductor Corp. says it has started shipping large quantities of its gallium-arsenide timing chips to Teradyne Inc. in Agoura Hills. The units will be used in devices that test newly-produced semiconductors. Bob Nunn, a Vitesse vice president, declined to place a dollar amount on the deal, but predicted that it and similar sales will prove "quite significant" for the Camarillo firm.
BUSINESS
August 30, 1996 | Times Staff and Wire Reports
Teradyne to Take Pretax Charge, Cut 300 Jobs: The Boston-based maker of automatic test equipment and connection systems for the electronics and telecommunications industries said it will take a pretax charge of as much as $12 million in the second half of the year to eliminate 300 jobs, because of slower sales in the semiconductor industry. Teradyne Inc. said the charge, which will pay for an extended benefits package, will range from $10 million to $12 million, or 7 cents to 8 cents a share.
BUSINESS
September 15, 2001 | Bloomberg News
Teradyne Inc., the biggest maker of semiconductor-testing equipment, said it will cut 1,000 jobs, or 11% of its work force, and reduce some employees' pay as the chip-equipment industry works through its worst sales slump. Salaries of higher-paid employees will be reduced as much as 15%, though salaries of lower-paid workers won't be cut, the Boston-based company said. In the second quarter, Teradyne reported its first loss in 10 years.
BUSINESS
June 26, 2000 | JAMES F. BATES
Teradyne Inc. is the world's biggest maker of semiconductor-testing equipment, but it's Teradyne's investors who are going through the wringer lately. The Boston-based company, whose largest plant is in Agoura Hills in the Conejo Valley, had enjoyed a surging stock price until early May.
BUSINESS
March 25, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
The computer industry has been slumping for a year now. But Gary Cheek, engineering manager at a state-of-the-art semiconductor plant here, has a dream: a whole new manufacturing plant to match two already in operation. The cost? A cool $100 million. It's not as unrealistic as it sounds, because computer companies are not the firm's only market. Cheek's company, Analog Devices Inc.
BUSINESS
November 14, 2000 | BOB HOWARD
Three tenants signed leases valued at more than $39 million for 410,000 square feet of office and industrial space at the Conejo Spectrum, a 100-acre business park under development by Los Angeles- based Investment Development Services at Rancho Conejo Boulevard and Lawrence Drive in Newbury Park.
BUSINESS
August 17, 2000
* Boston-based Teradyne Inc., a maker of semiconductor testing products, has agreed to buy Synthane Taylor of La Verne and Herco Technology of San Diego in a bid to expand its printed circuit board processing capacity. Terms of the deals were not disclosed. Herco is a maker of printed circuit boards, while Synthane makes printed circuit laminates, which it supplies to Herco.
BUSINESS
June 26, 2000 | JAMES F. BATES
Teradyne Inc. is the world's biggest maker of semiconductor-testing equipment, but it's Teradyne's investors who are going through the wringer lately. The Boston-based company, whose largest plant is in Agoura Hills in the Conejo Valley, had enjoyed a surging stock price until early May.
BUSINESS
August 30, 1996 | Times Staff and Wire Reports
Teradyne to Take Pretax Charge, Cut 300 Jobs: The Boston-based maker of automatic test equipment and connection systems for the electronics and telecommunications industries said it will take a pretax charge of as much as $12 million in the second half of the year to eliminate 300 jobs, because of slower sales in the semiconductor industry. Teradyne Inc. said the charge, which will pay for an extended benefits package, will range from $10 million to $12 million, or 7 cents to 8 cents a share.
BUSINESS
September 7, 1995 | Times Staff and Wire Reports
Teradyne to Acquire Megatest: The Boston-based test-equipment maker said it will buy Megatest Corp., a San Jose-based maker of semiconductor testing equipment, for about $245 million in stock. As part of the deal, each Megatest shareholder will receive between 0.8333 and 0.9091 Teradyne Inc. share for each share of Megatest. News of the deal sent Megatest stock soaring 33%, rising $8 to close at 32.25 a share in Nasdaq trading. Teradyne was unchanged at $39.
BUSINESS
October 12, 1993 | JACK SEARLES
Camarillo-based Vitesse Semiconductor Corp. says it has started shipping large quantities of its gallium-arsenide timing chips to Teradyne Inc. in Agoura Hills. The units will be used in devices that test newly-produced semiconductors. Bob Nunn, a Vitesse vice president, declined to place a dollar amount on the deal, but predicted that it and similar sales will prove "quite significant" for the Camarillo firm.
BUSINESS
March 25, 1990 | OSWALD JOHNSTON, TIMES STAFF WRITER
The computer industry has been slumping for a year now. But Gary Cheek, engineering manager at a state-of-the-art semiconductor plant here, has a dream: a whole new manufacturing plant to match two already in operation. The cost? A cool $100 million. It's not as unrealistic as it sounds, because computer companies are not the firm's only market. Cheek's company, Analog Devices Inc.
BUSINESS
May 19, 1998 | BARBARA MURPHY
Hyundai Semiconductor America has placed a $20-million order for multiple memory test systems with Teradyne Inc. The systems will be built in Teradyne's Agoura Hills facility. The Marlin-platform memory testers will be shipped to Hyundai's plant in Eugene, Ore., beginning in the third quarter. Hyundai officials said they went with the Teradyne product because it can test 64 devices at once.
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