Cohu Acquires Schlumberger Automated Systems Business.Business Editors/High Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--July 16, 2001 Schlumberger Advanced Temperature Control and High-End Automation Technology Complements Cohu Leadership in Test Handling Market Schlumberger Semiconductor Solutions, a business unit of Schlumberger Limited (NYSE NYSE See: New York Stock Exchange :SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ), today announced that Cohu, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :COHU) has acquired its Automated Systems business. The Schlumberger Automated Systems business includes the company's advanced thermal control handling systems for multi-temperature pick-and-place applications, as well as highly automated material handling equipment. Schlumberger Automated Systems will become part of Cohu's Delta Design subsidiary, the world's leading supplier of semiconductor test handling equipment. "As the test handling market leader, Cohu is the ideal acquirer of the Schlumberger Automated Systems business," stated Ashok Belani, president of Schlumberger Semiconductor Solutions. "Cohu's proven track record and industry leadership make it an excellent match for adding value to our advanced active thermal control technology offering. We believe that our customers will significantly benefit from this transaction, and that Cohu will provide an exciting opportunity and right environment for our Automated Systems' employees." The sale of the Automated Systems group to Cohu marks the first step in the previously announced divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of the Schlumberger semiconductor business. The company's exit strategy - which focuses on finding the solution that best benefits its employees and customers - is moving forward according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. plan. Discussions are currently underway with similar semiconductor industry segment leaders regarding the other business units that comprise Schlumberger Semiconductor Solutions. About Schlumberger Semiconductor Solutions Schlumberger Semiconductor Solutions is a leading supplier of comprehensive systems and services for testing semiconductor devices. It also offers measurement systems for front-end applications, as well as equipment to test and analyze network performance in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry. Additional information is available at www.slb.com/semiconductors. |
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