Teradyne to Acquire Nextest Systems Corp.

Under terms of the agreement approved by both boards of directors, Teradyne will pay $20 per share in cash for all the outstanding shares of Nextest. The aggregate purchase price is expected to be approximately $325 million. This is net of the cash acquired and includes the fair value of fully vested employee equity instruments and transaction costs. The acquisition is expected to be slightly dilutive to 2008 GAAP earnings per share and slightly accretive to 2008 non-GAAP earnings per share after excluding the purchase accounting impacts.

(December 12, 2007) El Segundo, CA — In light of strong growth in the third quarter, China’s semiconductor market appears to be on track to meet iSuppli Corp.’s forecast of a 15% revenue expansion in 2007. China’s semiconductor revenue is expected to rise to $52B in 2007, up from $45B in 2006. This will mark the first time that the nation’s semiconductor revenue exceeds $50B for a year.


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