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To: robert b furman who wrote (891)	5/12/2012 1:02:56 AM
From: richardred	1 Recommendation Respond to of 8247

I did own Verigy Bob before they received the bid from Advantest. I didn't wait for the sweetened bid. I sold and bought LTXC as a hedge just in case Verigy fended off Avantest and moved forward buying LTXC. I know a lot of flood damage was done in Thailand. A lot of equipment was damaged and needs to be replaced. We still might be seeing some lag from that. I'm not sure to the extent of test equipment though. I sold out of TER at a nice profit. There is an interesting TER/LTXC connection, Bob. FWIW LTX was founded by Graham Miller, Roger Blethen, et al. All of the founders left nearby competitor, Teradyne. Although never verified, corporate lore holds that the name LTX was an abbreviation for the clarion call of its founders: "Leave Teradyne by Christmas (Xmas)" or possibly "Left Teradyne at Christmas." Still others insist that LTX stands for "Linear Test eXcellence", "Linear Test eXperts", or is simply an abbreviation of the word "Electronics". LTX grew rapidly in its first decade, with customers and offices throughout the world and as many as 2,000 employees by 1985. Acquisition of Trillium in the 1980s established LTX in the digital test market. On June 22, 2008 LTX signed a merger agreement with one of its principal competitors: Credence Systems Corporation ( NASDAQ: CMOS). LTX CEO and President David Tacelli will become CEO of merged company. [2] On August 29, 2008 LTX and Credence Systems Corporation complete merger to form LTX-Credence Corporation ( NASDAQ: LTXC