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Enter Symbol:
 
Teradyne, Inc. (TER) [hlAlert]

Rating:
Underweight
TER
down 65.94 %

Teradyne, Inc. (TER) downgraded to Underweight by JP Morgan

Posted on: Monday,  Dec 22, 2008  9:25 AM ET by JP Morgan

JP Morgan rated Underweight Teradyne, Inc. (NYSE: TER) on 12/22/2008. Previously JP Morgan rated Buy Teradyne, Inc. (NYSE: TER) on 10/19/2007.,
when the stock price was $12.39. Since then, Teradyne, Inc. has lost 65.94% as of 12/22/2008's recent price of $4.22.
If you would have followed the previous JP Morgan's recommendation on TER, you would have lost 65.94% of your investment in 430 days.

Teradyne, Inc. (Teradyne) is a supplier of automatic test equipment. The Company?s automatic test equipment products and services include semiconductor test (Semiconductor Test) systems and military/aerospace test (Mil/Aero) instrumentation and systems, circuit-board test and inspection (Commercial Board Test) systems and automotive diagnostic and test (Diagnostic Solutions) systems, collectively these products represent Systems Test Group. On November 14, 2008, the Company completed its acquisition of Eagle Test Systems, Inc. (Eagle Test). Eagle Test designs, manufactures, sells and services high-performance automated test equipment for the semiconductor industry. On January 24, 2008, Teradyne, Inc. completed its acquisition of Nextest Systems Corporation (Nextest). Nextest designs, develops, manufactures, sells and services automated test equipment systems for the semiconductor industry.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/22/2008 9:25 AM Sell
None
4.22
as of 12/24/2008
1 Week down  -48.38 %
1 Month down  -30.98 %
3 Months down  -38.62 %
1 YTD down  -91.20 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/19/2007 9:25 AM Buy
None
12.39

(*) Stock Price at the time of the recommendation.
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