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Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Thornton who wrote (1327)	8/5/1998 10:00:00 AM
From: Yakov Lurye	Read Replies (1) \| Respond to of 2126

08/05/98 LTX Corporation Announces Restructuring and Reduction in Workforce... WESTWOOD, Mass., Aug. 5 /PRNewswire/ -- LTX Corporation (Nasdaq: LTXX - news), a leading supplier of semiconductor test equipment, today announced actions it is taking to restructure the company, including a reduction of 300 people, or 30%, in its worldwide workforce. The actions the Company is taking include consolidation of the Company's San Jose manufacturing with its Massachusetts facilities, restructuring its sales channels in Japan and divesting the iPTest division in the U.K. The Company expects to record a restructuring charge in the range of $40 to $50 million for the quarter ended July 31, 1998. Included in the restructuring charge are costs related to the actions being taken, as well as a write-off of excess inventory due to the accelerated weakening of industry conditions. The Company also announced that it expects financial results for the fourth quarter ended July 31, 1998 to be below analyst expectations, with revenue in the range of $35 million.

To: Greg Thornton who wrote (1327)	8/5/1998 12:55:00 PM
From: ATELifer	Read Replies (1) \| Respond to of 2126

Greg, Over 25 years in ATE. Many of those at LTX. After many years I've finally come to the conclusion that having the best technology is only a small part of the total solution and those ATE companies that can provide the total solution that will prosper in the long run. I'm not convinced LTX knows how to leverage their technology advantages into profits. After yesterday's bloodbath I'm certain they don't know how. The funny thing is that I've never lost any money trading LTX stock. Question is how low will it go before it starts back up again. I'm thinking we see some 2's coming soon. My question was with regard to the timing tradeoffs on the Teradyne Catalyst not the Fusion. Maybe Mike can answer this. -AL