We design, manufacture and market a variety of electromechanical equipment used
in the handling and testing of integrated circuits, or ICs, which constitute the
highest revenue component of the semiconductor industry. Our primary focus is on
high volume ICs and on the latest IC package designs. Our products are purchased
primarily by semiconductor manufacturers and their assembly and test
subcontractors. Our products are used in the test, assembly and packaging, or
TAP, segment of semiconductor manufacturing. Our products automate critical
functions to improve manufacturing yield, raise quality levels, increase product
reliability and reduce manufacturing costs.

We have two principal equipment product lines:

· Test Handler Products. In terms of revenue, this is our largest product
line.  ...