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Article: Teradyne Lowers Guidance for Second Quarter.
- Article from:
- Business Wire
- Article date:
- June 19, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...