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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (1452)	12/21/2001 10:01:29 PM
From: The Ox	Read Replies (1) \| Respond to of 95427

Teradyne Raises $45 Million Through Real Estate Loan BOSTON, Dec 21 (Reuters) - Teradyne Inc., the world's largest maker of semiconductor test equipment, on Friday said it secured about $45 million in financing from a real estate loan and plans to raise $150 million more through similar deals to weather a severe downturn in business. Boston-based Teradyne said it mortgaged California real estate to raise the estimated $45 million, according to a filing with the U.S. Securities and Exchange Commission. Under the terms of the loan, Teradyne will make monthly principal and interest payments based on a 20-year amortization schedule. Teradyne also said it is working to obtain $150 million in additional financing, secured by real estate. Waylaid by a steep downturn in the semiconductor industry, Teradyne in October raised $400 million in a convertible bond offering. Teradyne shares moved up 81 cents, or 2.87 percent, to $29.02 in morning trade on the New York Stock Exchange.