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To: Jim Oravetz who wrote (961)	11/13/2001 2:26:23 PM
From: tech101	Respond to of 1056

LTX believes it hit low point for tester orders in last quarter Semiconductor Business News (11/13/01 09:17 a.m. EST) WESTWOOD, Mass.--Automatic test equipment supplier LTX Corp. here today reported a net loss of $9.4 million on sharply lower sales of $33.0 million in the company's fiscal first quarter, ended Oct. 31. LTX's revenues were 66% lower than $98 million in the fiscal quarter last year due to the severe downturn in semiconductor test markets. "As we have been suggesting, Q1 appears to have been our low quarter for incoming orders, which were approximately $18 million not including a small number of cancellations," said Roger Blethen, president and CEO of LTX. The chief executive officer also said the company believes the bottom of the downturn has been reached by the industry overall, in terms of new orders for products. "While the semiconductor test industry transitions through the bottom of the current cyclical downturn, LTX concentrated on getting orders released from backlog, booking and shipping new orders, and maintaining strict cost controls to meet our financial plans," said Blethen, referring to the just-ended quarter.