Teradyne tops The Boston Globe's Globe 100 List of Publicly Traded Companies in Mass.
The Globe's annual listing of the top 100 publicly traded companies in Massachusetts, based on a composite score reflecting several criteria.
(PRWEB) May 23, 2001
Electronics Companies Sweep the Top Three Slots on the "Globe 100" Ranking
Analog Devices & LTX Corporation Rank Second and Third
BOSTON, May 22, 2001 – Teradyne, the world’s largest supplier of automatic test equipment for the electronics and telecommunications industries, garnered "Company of the Year" honors in the "Globe 100," The Boston Globe's 13th annual ranking of Massachusetts-based, publicly traded companies on their performance across a range of criteria.
Analog Devices and LTX Corporation captured the second and third spots, respectively.
The Globe 100, begun in 1989 and the first list of its kind in the region, rates MassachusettsÂ’ publicly held companies on the following criteria: return on average equity; one-year percentage change in revenue; one-year percentage change in profit margin; and total annual revenue. A composite score is generated and used to determine the rankings. Public companies throughout Massachusetts representing all business categories are included in this objective evaluation.
It is the second time in five years that Teradyne has seized the top spot. In 2000, Teradyne reported sales of $3 billion, representing a 70-percent increase from 1999. Earnings totaled $518 million, more than the companyÂ’s total net earnings for the years 1996 through 1999. TeradyneÂ’s semiconductor test business was the principal engine that fueled the companyÂ’s growth.
"ThereÂ’s no question that weÂ’re coming off a phenomenal year," says George Chamillard, chief executive officer of Teradyne. "WeÂ’ve worked very hard to stay at the top of a brutally competitive and rapidly changing industry, and weÂ’ll continue to do so."
The Boston Globe isnÂ’t the only one to recognize the companyÂ’s success. Teradyne has ranked among the ten best suppliers of test equipment for more than
11 years, according to VLSI Research in San Jose, California.
Headquartered in Boston, with manufacturing facilities in New England, California, Ireland and Japan, TeradyneÂ’s stock is listed on the New York Stock Exchange (symbol: TER), and the company is included in the S&P 500 Index.
For the second year in a row, Norwood-based Analog Devices captured the number-two position in the "Globe 100" list. In 2000, the company enjoyed its most prosperous year to date, with a 75-percent increase in revenue and a profit margin that tripled from 1999. Analog is a leading manufacturer of precision, high performance, integrated circuits used in analog and digital signal processing.
Rounding out the top three slots of the "Globe 100" is LTX Corporation, the Westwood-based company that designs, manufactures, markets and services semiconductor test equipment. LTXÂ’s revenue increased nearly 100 percent in 2000, delivering record earnings of $58.5 million.
Numbers four and five, respectively, on the "Globe 100" list are EMC Corporation and Helix Technology Corporation. EMC was twice voted the number-one company in Massachusetts; this is Helix TechnologyÂ’s first appearance on the list. Also of note is Burlington-based Lightbridge, Inc., ranked 39th, which boasts the only female CEO among the 100 companies.
"Teradyne's achievement, particularly during unpredictable economic times, is remarkable, and we applaud their tremendous results," says Peter Mancusi, business editor for The Boston Globe. "Clearly though, sustaining that growth in the face of a difficult economy has already posed significant challenges during the first half of 2001, and that, of course, applies to every one of the Globe 100."
The breakdown of the 2001 Globe 100 list among categories is: manufacturing/ industrial (16), electronics (15), banking (11), services (11), financial services (10), consumer goods (10), technology (9), retail/restaurant/entertainment (8), health care (6), biotech (2), telecom (2).
The "Globe 100" special section will appear in The Boston Globe and the Worcester Telegram & Gazette on Tuesday, May 22. A complete list of the Globe 100 will also be available online at www. boston. com.
The Boston Globe, New EnglandÂ’s largest circulation newspaper and one of the top 10 Sunday and top 15 daily metropolitan newspapers in the U. S., is a wholly-owned subsidiary of The New York Times Company (NYSE: NYT), a diversified media company including newspapers, television and radio stations, and electronic information and publishing. The CompanyÂ’s core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment. In 2001 the Company was ranked No. 1 in the publishing industry in FortuneÂ’s list of AmericaÂ’s Most Admired Companies. In October 2000 the Company was ranked No. 1 in the publishing industry in FortuneÂ’s survey of the Global Most Admired Companies and was ranked first among all companies in the survey for the quality of its products and services.
The Company, which had 2000 revenues of $3.5 billion, publishes The New York Times, The Boston Globe and 15 other newspapers; operates eight network-affiliated television stations and owns two New York City radio stations. It also operates news, photo and graphics services as well as news and feature syndicates. A division of the Company, New York Times Digital, operates Internet properties such as NYTimes. com, Boston. com and newyorktoday. com. The Company holds interests in one newsprint mill, one supercalendered paper mill and the International Herald Tribune S. A.S.
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The Globe 100 for 2001
Rank/Company/Location/Business Description
1. Teradyne, Inc., Boston, Electronics
2. Analog Devices, Inc., Norwood, Electronics
3. LTX Corp., Westwood, Electronics
4. EMC Corp., Hopkinton, Technology
5. Helix Technology Corp., Mansfield, Electronics
6. ACT Manufacturing, Inc., Hudson, Manufacturing/Industrial
7. Millipore Corp., Bedford, Manufacturing/Industrial
8. Talbots, Inc., Hingham, Retail/Restaurant/Entertainment
9. Cytyc Corp., Boxborough, Health Care
10. Fleet Boston Financial Corp., Boston, Banking
11. Perini Corp., Framingham, Services
12. Centennial Technologies, Inc., Wilmington, Technology
13. MKS Instruments, Inc., Andover, Electronics
14. Biogen, Inc., Cambridge, Biotechnology
15. PerkinElmer, Inc., Wellesley, Electronics
16. Harcourt General, Inc., Chestnut Hill, Services
17. Cognex Corp., Natick, Manufacturing/Industrial
18. Eaton Vance Corp., Boston, Financial Services
19. Waters Corp, Milford, Electronics
20. PolyMedica Corp, Woburn, Health Care
21. Matec Corp, Hopkinton, Manufacturing/Industrial
22. Yankee Candle, Inc., Whately, Consumer Goods
23. BJÂ’s Wholesale Club, Natick, Retail/Restaurant/Entertainment
24. Tucker Anthony Sutro Corp, Boston, Financial Services
25. Microfinancial, Inc., Waltham, Financial Services
26. Investors Financial Services Corp., Boston, Financial Services
27. TJX Cos., Framingham, Retail/Restaurant/Entertainment
28. Aware, Inc., Bedford, Technology
29. Forrester Research, Inc., Cambridge, Services
30. BTU International, Inc., Billerica, Electronics
31. Neiman-Marcus Group, Chestnut Hill, Retail/Restaurant/Entertainment
32. Alpha Industries, Inc., Woburn, Electronics
33. Vicor Corp., Andover, Manufacturing/Industrial
34. RSA Security Inc., Bedford, Technology
35. Reebok International, Canton, Consumer Goods
36. Tweeter Home Entertainment Group, Canton, Retail/Restaurant/Entertainment
37. NSTAR, Boston, Services
38. Quaker Fabric Corp., Fall River, Manufacturing/Industrial
39. Lightbridge, Inc. Burlington, Services
40. Kopin Corp., Taunton, Electronics
41. Cabot Corp., Boston, Manufacturing/Industrial
42. Sapient Corp., Cambridge, Services
43. State Street Corp., Boston, Financial Services
44. Courier Corp, Chelmsford, Services
45. Gillette Co., Boston, Consumer Goods
46. Boston Scientific Corp., Natick, Health Care
47. Analogic Corp. Peabody, Electronics
48. DeWolfe Cos., Lexington, Financial Services
49. Mercury Computer Systems, Inc., Chelmsford, Electronics
50. Houghton Mifflin Co., Boston, Services
51. Polaroid Corp., Boston, Consumer Goods
52. Zoll Medical Corp., Burlington, Health Care
53. Bright Horizons Family Solutions, Inc., Cambridge, Services
54. New England Business Services, Inc., Groton, Services
55. Chase Corp., Bridgewater, Manufacturing/Industrial
56. Liberty Financial Cos. Inc., Boston, Financial Services
57. Foilmark, Inc., Newburyport, Manufacturing/Industrial
58. Commerce Group, Inc./MA, Webster, Financial Services
59. Steinway Musical Instruments, Inc., Waltham, Consumer Goods
60. Thermo Electron Corp, Waltham, Manufacturing/Industrial
61. PCD Inc., Peabody, Manufacturing/Industrial
62. Progress Software Corp., Bedford, Technology
63. Lo-Jack Corporation, Dedham, Electronics
64. Metrowest Bank/MA, Framingham, Banking
65. Boston Private Financial Holdings, Boston, Banking
66. Capital Crossing Bank, Boston, Banking
67. Specialty Catalog Corp, South Easton, Retail/Restaurant/Entertainment
68. Genzyme General, Cambridge, Biotechnology
69. Raytheon Co., Lexington, Electroni
70. MESTEK, Inc., Westfield, Manufacturing/Industrial
71. Staples, Inc., Framingham, Retail/Restaurant/Entertainment
72. UNIFIRST Corp., Wilmington, Manufacturing/Industrial
73. American Dental Partners, Inc., Wakefield, Health Care
74. First Essex Bancorp, Andover, Banking
75. CCBT Financial Companies, Inc., Hyannis, Banking
76. Boston Beer, Inc., Boston, Consumer Goods
77. Century Bancorp, Medford, Banking
78. Netscout Systems, Inc., Westford, Technology
79. Independent Bank Corp., Rockland, Banking
80. Lifeline Systems, Inc., Framingham, Telecommunications
81. GENRAD, Inc., Westford, Electronics
82. Epresence, Inc., Westborough, Technology
83. Charles River Associates, Boston, Services
84. Stride Rite Corp., Lexington, Consumer Goods
85. Brooktrout, Inc., Needham, Telecommunications
86. Saucony Inc., Peabody, Consumer Goods
87. First Years, Inc., Avon, Consumer Goods
88. Medford Bancorp, Inc., Medford, Banking
89. Sonesta Intl Hotels, Inc., Boston, Restaurant/Retail/Entertainment
90. Andover Bancorp Inc/DE, Andover, Banking
91. Affiliated Managers Group, Inc., Boston, Financial Services
92. Allmerica Financial Corp, Worcester, Financial Services
93. Candela Corp., Wayland, Health Care
94. Boston Acoustics, Inc., Peabody, Manufacturing/Industrial
95. Peoples Bancshares Inc.,/MA, Brockton, Banking
96. Maxwell Shoe Co. Inc., Readville, Consumer Goods
97. Kronos, Inc., Chelmsford, Technology
98. CSP, Inc., Billerica, Technology
99. SLI Inc., Canton, Manufacturing/Industrial
100. Parlex Corp, Methuen, Manufacturing/Industrial
Contacts: Richard P. Gulla, Globe Public Relations Director, 617-929-3288
Sara Gottman and Courtney Curzi, Agnew Carter/MS&L, 617-437-7722
For release: Monday, May 21, 2001 at 3 p. m.
