LTX-Credence Corporation · Milpitas, CA United States ·(NASDAQ (GM): LTXC)

LTX-Credence isn't John Fogerty's latest band. There's a bad moon rising on the semiconductor test equipment market, as many chip makers are cutting back their purchases of capital equipment due to lower sales and poor profitability. In 2008 LTX Corp. merged with rival Credence Systems to form LTX-Credence Corporation, a supplier of equipment used to test semiconductors as they're being manufactured. The company consolidated the respective predecessors' product lines into four basic test equipment families following the combination. Customers outside the US account for about 60% of sales. To read the full description, subscribe now.