TERADYNE PRESIDENT ASSESSES OUTLOOK AT ANNUAL MEETING
TERADYNE PRESIDENT ASSESSES OUTLOOK AT ANNUAL MEETING BOSTON, May 28 /PRNewswire/ -- At the company's annual stockholders'
meeting held today, Teradyne, Inc. (NYSE: TER) President Alex d'Arbeloff reported a strengthening in the company's rate of incoming orders and predicted that bookings in the current quarter would be substantially above those of the prior quarter. The order strength is concentrated in the company's principal business, the sale of semiconductor test systems, according to d'Arbeloff, who noted widespread market acceptance of several recently introduced products.
D'Arbeloff's assessment of Teradyne's other businesses was more guarded. A severely depressed market for circuit-board test systems was cited as a particular concern. Chiefly because of weak board-test sales, Teradyne now expects second-quarter earnings to fall below the 14 cents per share posted in the second quarter of 1991, according to the Teradyne CEO. Teradyne reported 1991 sales of $508.9 million and net income of $18.3 million. For the first quarter of 1992, the company reported sales of $133.9 million and net income of $7.1 million. -0- 5/28/92 /CONTACT: Frederick Van Veen, vice president of Teradyne, 617-482-2700/ (TER) CO: Teradyne, Inc. ST: Massachusetts IN: CPR SU:
CN -- NE005 -- 4655 05/28/92 10:38 EDT
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|Date:||May 28, 1992|
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