Article: Teradyne Lowers Guidance for Second Quarter.

Business/Technology Editors

BOSTON--(BUSINESS WIRE)--June 19, 2001

Teradyne today announced that it is lowering its guidance for sales and earnings for the second quarter of 2001.

"Our previous guidance for the second quarter was for sales of between $425 to $450 million and we hoped to break even at that volume," commented George Chamillard, CEO and chairman of Teradyne. "Business conditions this quarter, however, have continued to deteriorate in every segment. Both our customers and Teradyne are facing an unprecedented level of uncertainty and this has led to a lower than expected demand for our products and services. Our present plans are for ...

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