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To: BANCHEE who wrote (15236)	11/18/1999 10:31:00 AM
From: John Miz	Respond to of 57584

Semi Equipment company LTXX, beats eps estimates by eight cents! biz.yahoo.com WESTWOOD, Mass.--(BUSINESS WIRE)--Nov. 18, 1999--LTX Corporation (Nasdaq:LTXX - news), today announced financial results for its first quarter ended October 31, 1999. Sales were $60,005,000 compared to $27,018,000 in the first quarter last year. Net income was $6,874,000 or $0.17 per share, compared to a net loss of $(6,892,000), or $(0.19) per share in the first quarter of last year. Roger Blethen, President and Chief Executive Officer of LTX commented, ''Our strong performance during the quarter was the result of continuing execution of our Fusion® product strategy. We met our goal and won three new customers for Fusion. Orders for the quarter of $68 million included a significant amount from Fusion customers gained during the last three quarters. For the first time, Fusion HF orders accounted for the majority of our product orders during the quarter.'' Mr. Blethen continued, ''Our improved results, coupled with the successful public offering we completed during the quarter, has led to a stronger financial position for the Company. As momentum for Fusion continues to build, this strong financial position will allow us to fund the growth needed to satisfy growing customer demands. We remain focused on the development of Fusion, our single-platform test system designed for testing system-on-a-chip and advanced mixed signal semiconductor devices for the rapidly expanding Internet-based and wireless communications markets.''