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Technology Stocks : Teradyne -- Ignore unavailable to you. Want to Upgrade?

To: Robert Harvey who wrote (525)	10/24/1997 9:08:00 PM
From: Mason Barge	Respond to of 1184

>>Just out of curiosity, how great is TER's exposure to the Asian meltdown anyway? . . . I would appreciate any feedback as I am long in the low-50's. I'll try to check, but they have plenty of Asian sales. I'm long 48-52 myself, this one really hurt.

To: Robert Harvey who wrote (525)	10/25/1997 12:39:00 PM
From: Mason Barge	Read Replies (1) \| Respond to of 1184

>>Just out of curiosity, how great is TER's exposure to the Asian meltdown anyway The best I can tell, about 15-20% of TER's 1996 business came from Asia. The Asian business would be directly affected, as it involves test equipment for semi fabs, especially DRAM fabs. I haven't seen the figure stated, but about 1/2 of revenues are derived outside the US, and the best I can tell, about 2/3 of this is in Europe. Lots of business with communications companies in Germany, Sweden, France. TER is very diversified in the IC test area. I would say the 20% drop in Teradyne's price is an overreaction based upon their strong revenues outside the semi fab field. They can take a 50% hit in orders from Asia with only an estimated 6-8% drop in gross revenues. This puts them in much better shape than a lot of folks. By the way, they have a totally cool graphic for the online annual report, check it out. It's a rendering of "Broadway" at night with TER's product lines on the marquees. teradyne.com I couldn't get the link to the report to work ,sorry, you'll have to go to Teradyne and look for it.