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Dewey Defeats ...? Teradyne Quashes Forbes Report |
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Written by Mike Buetow
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Friday, 04 March 2005 |
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Boston - Teradyne today dispelled a report that it plans to
close its backplane manufacturing operations.
In a statement to Circuits Assembly, Tom
Pursch, vice president of Teradyne Connection Systems and manager of its
printed circuit board business, said: "Teradyne is committed to our
printed circuit board business. Credit Suisse First Boston's reporting of a
'hint of a possibility' that we may exit this business is just plain wrong. Our
strategy to lower our costs, reduce idle capacity and focus on the high-end
domestic market is working."
On Thursday, Forbes
reported a leading investment bank suggested the maker of semiconductor and
assembly test gear and PCBs might be looking to exit the PCB business.
Credit
Suisse First Boston said Teradyne planned to "significantly" increase
outsourcing from about 58% to 96%, over the next four to five quarters.
"That said, we detected the hint of a possibility that Teradyne may
seek to exit the business," CSFB said.
Teradyne is North America's second
largest backplane manufacturer, with a 14% share, according to CSFB.
Sanmina-SCI has a 18% share. |
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