Key Developments For LTX-Credence Corporation
LTX-Credence Corporation (LTXC.O) (Consolidated Issue listed on NASDAQ Global Market)
LTX-Credence Corporation Announces Unisem's Selection of X-Series For RF Test
LTX-Credence Corporation announced that Unisem, a global provider of semiconductor assembly and test services, has selected the X-Series for volume production testing of a wide range of RF devices including power amplifiers, transceivers, and integrated RF SOC devices. Unisem will also provide test development services on the X-Series in their Sunnyvale, CA test facility. Unisem's test services facility in Sunnyvale provides a full range of test, engineering and other test-related services.
LTX-Credence Corporation Issues Q1 2010 Outlook Above Analysts' Estimates
LTX-Credence Corporation announced that for the first quarter of 2010, the revenue is expected to be in the range of $40 million to $42 million, a sequential increase of approximately 14% to 19% from the fourth quarter of 2009 . The non-GAAP net loss is expected to be in the range of $(0.05) to $(0.03) per share. The non-GAAP net loss guidance excludes the effect of the amortization of purchased intangibles of $2.7 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $36 million and non-GAAP loss per share of $(0.08) for the first quarter of 2010.
LTX-Credence Corporation Announces Purchase Of Multiple Diamond Systems by Micronas
LTX-Credence Corporation announced that Micronas, a supplier of automotive and industrial integrated circuits, has selected the Diamond as a major enhancement to its test platforms for mixed-signal products. Micronas is using Diamond for all aspects of their test engineering and operations including wafer sort and final test.
LTX-Credence Corporation Announces Selection Of X-Series By Maxim Integrated Products
LTX-Credence Corporation announced that Maxim Integrated Products, has selected the X-Series to test a wide range of their product portfolio including data converters. Maxim has adopted the MX as a strategic test platform and is currently in production testing high speed networking, power management, data converters and other application-specific, mixed signal devices. Maxim is using the X-Series for engineering characterization, wafer sort and final test applications.
LTX-Credence Corporation Issues Q4 2009 Outlook
LTX-Credence Corporation announced that for the fourth quarter of 2009, it expects revenue to be in the range of $31 to $34 million and non-GAAP net loss to be in the range of $(0.10) to $(0.08) per share. The non-GAAP net loss guidance does not include amortization of purchased intangibles of $4.4 million or one-time charges. According to Reuters Estimates, analysts on an average were expecting the Company to report loss per share of $(0.22) on revenue of 32 million for the same period.
