Teradyne Message Board - Msg: 16355677

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Technology Stocks : Teradyne

TER 189.78

-2.5%

1:20 PM EST

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To: hamsandwich who wrote (1162)	9/15/2001 10:58:26 AM
From: hamsandwich	of 1184

Highlights of press release from Briefing: Note, the affirming of guidance was actually affirming the low end of guidance, about $0.07 below first call estimates. Teradyne (TER) 28.58: Supplier of automatic test equipment announced late last night that it is extending its previously announced cost reduction programs in response to the continuing worldwide economic downturn; among actions taken were a reduction of about 1000 employees through a combination of voluntary separation programs and a layoff, as well as a salary cut for employees, based on a sliding scale; CEO says that on-going expense reduction actions should result in Q3 (Sep) EPS around the low end of previous guidance (issued on July 17) which was for a loss of $0.32; current First Call consensus is a loss of $0.25;

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