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SUMITOMO METALS INDUSTRIES CONVERTS LTX DEBENTURE

 WESTWOOD, Mass., Aug. 3 /PRNewswire/ -- LTX Corporation (OTC: LTXX) announced today that Sumitomo Metals Industries, Ltd. (SMI) converted its holding of $6.375 million of 10.5 percent Convertible Subordinated Debentures due 2010 into 1.5 million shares of LTX common stock on July 30, 1993. SMI had purchased the debentures, which were convertible at $4.25 a share, and an additional 1.5 million shares at $3.75 a share in June of 1990 at the time of the formation of LTX Company, Ltd., a joint venture with LTX in Japan.
 In a Securities and Exchange Commission (SEC) filing in July of 1993 SMI stated that it intended to sell 1.311 million shares of LTX common stock under SEC's Rule 144. As of July 28, 1993, SMI had reported the sale of 801,000 shares of LTX common stock under this program.
 LTX Corporation is a leading supplier of linear, digital, mixed-signal and discrete semiconductor test equipment and offers a line of related networking products. Headquarted in Westwood, Mass., LTX has worldwide sales and service facilities to support its customer base.
 -0- 8/3/93
 /CONTACT: R. Scott Higgins, LTX Corporation, 617-461-1000/
 (LTXX)


CO: LTX Corporation; Sumitomo Metals Industries, Ltd. ST: Massachusetts IN: CPR SU:

JL-CM -- NE011 -- 8993 08/03/93 14:55 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:216
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