Dewey Defeats ...? Teradyne Quashes Forbes Report
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.
"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.
