Teradyne history

The work force included 20 people by the end of 1962, and the company had sold an additional 18 diode testers.

In 1966, Teradyne introduced a new product, which created an entire market that the company then virtually owned for the next ten years.

In 1969, the company's sales exceeded $15 million, and profits topped $1.2 million.

In the summer of 1970, Teradyne began to take steps to prevent further crashes in its market.

By the summer of 1971, the semiconductor industry appeared to be recovering, and DeWolf decided that he would depart from Teradyne, which, like his last employer, had grown too large and bureaucratic to hold his interest.

By the fall of 1974, the company's payroll had grown to include 1,300 people.

In an effort to redress this error, d'Arbeloff began an aggressive program to develop new products in 1976.

In 1981, Teradyne netted its largest ever contract in this area, when the GTE Corporation signed on to buy a $35.6 million 4TEL system.

In 1987, Teradyne racked up $21.1 million in losses, marking the first time in its history that it had lost money for two years in a row.

By 1989, Teradyne had returned to profitability, as the company earned $10 million on sales of $483.5 million, despite the continued overall slump in its industry.

In April 1991, the company continued its cost-cutting efforts, implementing salary freezes and briefly suspending production, while also buttressing its overseas operations in its drive to return to profitability.

In 2006, Teradyne sold its two Boston buildings and consolidated all of its Boston-area staff to its current site in North Reading, Massachusetts.