LTX-Credence Corporation

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LTX-Credence Corporation

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(NASDAQ:LTXC)
Contact Information
LTX-Credence Corporation
1355 California Cir.
Milpitas, CA 95035
CA Tel. 408-635-4300
Fax 408-635-4985

Type: Public
On the web: http://www.ltx.com
Employees: 663
Employee growth: 3.1%

LTX-Credence wasn't born on the bayou -- the company was created from the 2008 merger of LTX Corp. and rival Credence Systems. LTX-Credence makes automated test equipment (ATE) used by chip makers to test semiconductors as they're being manufactured and as part of the final package test. The company consolidated its predecessors' product lines into four basic test equipment families -- ASL, Sapphire, Diamond, and X-Series. Top customers include Taiwan's Spirox, Atmel, and Texas Instruments. More than three-quarters of sales come from outside the US.

Key numbers for fiscal year ending July, 2011:
Sales: $249.5M
One year growth: 13.9%
Net income: $60.1M
Income growth: 231.0%

Officers:
Chairman: Roger W. Blethen
President, CEO, and Director: David G. (Dave) Tacelli
VP Product Development and Operations: Peter S. Rood

Competitors:
Advantest
Applied Materials
Teradyne

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