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Business Description
Teradyne, Inc. is a supplier of automatic test equipment, high-performance interconnection systems and electronic manufacturing services. The Company's automatic test equipment products include systems that test semiconductors (Semiconductor Test Systems), test and inspect circuit boards (Circuit Board Test and Inspection Systems) and test high-speed voice and data communication (Broadband Test Systems). Teradyne's interconnection systems products and services (Connection Systems) include high-bandwidth backplane assemblies and associated connectors used in electronic systems, and electronic manufacturing services of assemblies that include Teradyne backplanes and connectors. Broadband Test Systems and Diagnostic Solutions have been combined into the Company's Other Test Systems segment.

Financial Information
TER manufactures automatic test equipment and related software for the electronics and communications industries, offering systems for testing semiconductors, circuit boards, phone lines, networks and software. For the six months ended 06/02, net sales fell 43% to $557.9 million. Net loss totaled $127.9 million vs. a net income of $13.8 million. Revenues reflect lower unit volume of shipments due to industry market conditions. Net loss reflects higher selling and administrative expense.