LTX

LTX

Infobox Company
company_name = LTX Corporation
company_
company_type = Public (nasdaq|LTXX)
foundation = 1976
location = Norwood, MA, USA
industry = Electronics
products = Automatic Test Equipment
num_employees = 436
homepage = [http://www.ltx.com www.ltx.com]

LTX (nasdaq|LTXX) is a semiconductor Automatic Test Equipment (ATE) vendor, founded in 1976 and headquartered in Norwood, MA (Greater Boston area). Annual sales for the fiscal year ending July 31, 2007, were approximately $147.6MM, and, as of that date, the company had 436 direct employees. [ [http://www.sec.gov/Archives/edgar/data/357020/000119312507218555/d10k.htm SEC Form 10-K, filed 10/15/07] ]

The present focus of the company is the design and development of ATE for the semiconductor marketplace, but it distinguished itself in the early days as a provider of functional and parametric testers for discrete component RF products. Even today, LTX retains that heritage by offering Fusion, a test platform capable of testing a mixed signal (analog & digital) device.

History

LTX was founded by Graham Miller, Roger Blethen, et al. All of the founders left nearby competitor, Teradyne. Although never verified, corporate lore holds that the name LTX was an abbreviation for the clarion call of its founders: "Leave Teradyne by Christmas (Xmas)" or possibly "Left Teradyne at Christmas." Still others insist that LTX stands for "Linear Test eXcellence", "Linear Test eXperts", or is simply an abbreviation of the word "Electronics". Today, LTX, has offices throughout the world.

On June 22, 2008 LTX signed a merger agreement with one of its principal competitors: Credence Systems Corporation (nasdaq|CMOS). LTX CEO and President David Tacelli will become CEO of merged company. [ [http://www.ltx.com/ltxxweb.nsf/published/062208release?Open Credence and LTX Sign Merger Agreement ] ]

On August 29, 2008 LTX and Credence Systems Corporation complete merger to form LTX-Credence Corporation (nasdaq|LTXC). [ [http://phx.corporate-ir.net/phoenix.zhtml?c=108944&p=irol-newsArticle&ID=1192176&highlight= LTX and Credence Complete Merger to Form LTX-Credence] ]

Competitors

LTX's principal competitors are:

* Advantest (nyse2|ATE)
* Eagle Test Systems (nasdaq2|EGLT)
* Teradyne (nyse2|TER)
* Verigy (nasdaq2|VRGY) - "formerly a division of Hewlett-Packard, then Agilent Technologies"

External links

* [http://www.ltx.com Company homepage]

References


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