MOSAID Completes Sale of Memory Test Assets to Teradyne

    OTTAWA, March 28 /CNW Telbec/ - MOSAID Technologies Incorporated
(TSX: MSD) today announced that the Company has concluded the sale of certain
assets of its Systems Division's automatic test equipment (ATE) business to
Teradyne, Inc. (NYSE:  TER) for $20 million in cash.
    MOSAID will wind down its remaining ATE business by April 30, 2007 and
has arranged with EPM Test Incorporated to provide ongoing sales, support and
service for the installed base of MOSAID memory test systems. EPM Test is a
new company founded by Altaf Padamshi, currently Director of Customer
Technical Support for MOSAID Systems, and Robert Evans, currently Vice
President of Sales, MOSAID Systems. The intention is that all of MOSAID
Systems' existing purchase orders for training, service contacts, and warranty
and software support will be fulfilled by EPM Test.

    About MOSAID

    MOSAID Technologies Incorporated makes semiconductors better through the
development and licensing of intellectual property. MOSAID counts many of the
world's largest semiconductor companies among its customers. Founded in 1975,
MOSAID is based in Ottawa, Ontario, with offices in Santa Clara, California.
For more information, visit

    About EPM Test

    EPM Test is focused on sales, service and support for MOSAID Systems
products. Our mission is to provide easy-to-use engineering memory test
systems. EPM Test is based in Ottawa, Ontario with sales and support provided
by a worldwide network of full service distributors. For more information
contact Robert Evans at 831-439-9225 or

    Forward Looking Information

    This document and certain other public documents incorporated by
reference in this document, contain forward-looking statements to the extent
they relate to MOSAID or its management, including those identified by the
expressions "anticipate," "believe," "foresee," "estimate," "expect,"
"intend," "could," "may,", "plan," "will," "would" and similar expressions.
Similarly, statements in this document that describe MOSAID's business
strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. These forward-looking statements are not
historical facts, but rather reflect MOSAID's current expectations regarding
future events. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results, performance or
achievements to differ materially from those in such forward-looking
statements. Assumptions made in preparing forward-looking statements and
financial guidance include, but are not limited to, the following: MOSAID's
continued expansion of its patent portfolio and of its opportunities for
future patent licensing revenue as a result of MOSAID's acquisition of patents
from third parties and from development of new inventions; DRAM manufacturers
continuing to infringe MOSAID's patents; the timing and amount of MOSAID's
litigation expenses; MOSAID's ability to sign new patent licensees; current
assumptions as to the identification of products that are unlicensed to
MOSAID's wireless patents; the value proposition associated with MOSAID's
products relative to its competition in the market; the timing and amount of
MOSAID's Research & Development expenses; the timing of MOSAID's new product
introductions; MOSAID's ability to develop, manufacture, and market innovative
products in a rapidly changing technological environment; and MOSAID's ability
to maintain and enhance existing customer relationships.
    Factors that could cause actual results to differ materially from
expected results include, but are not limited to, the following: declines or
unexpected variations in market growth rates for MOSAID's products; the extent
of embedded DRAM proliferation in the System-on-a-Chip markets; variability in
customer deployment schedules from quarter to quarter; shifts in the mix of
MOSAID products sold; legal rulings and/or regulatory investigations or
complaints having an adverse impact on the validity, enforceability, potential
royalty rates, and strength or breadth of coverage of MOSAID's essential
and/or nonessential patents (including, but not limited to, adverse results
from litigation or proceedings in patent offices and government regulatory
agencies in various countries around the world); judicial, legislative or
regulatory changes that impair the ability of patent holders to earn licensing
revenues; economic, social, and political conditions in the countries in which
MOSAID, its customers, suppliers, or patent licensees operate, including
security risks, health conditions, possible disruptions in transportation
networks and fluctuations in foreign currency exchange rates; non-payment or
delays in payment by customers/licensees; variability in patent licensees'
sales of licensed products, failure to maintain and enforce MOSAID's existing
patent portfolio, or failure to obtain valuable patents as a result of
research and development activities, or failure to acquire valuable patents
from third parties; MOSAID's ability to recruit and retain skilled personnel;
change in MOSAID's financial position; obsolescence of products or
inappropriate targeting to markets that fail to materialize; inability to
transition to new technologies to meet customer demand; variations in average
sales cycles; key component supply restrictions and/or cost increases;
critical industry transitions; consolidation of MOSAID's customers and/or
licensees; natural events, such as severe weather and earthquakes in the
locations in which MOSAID, its customers, suppliers, or patent licensees
operate; changes in the tax rate applicable to MOSAID as the result of changes
in the tax law in the jurisdictions in which profits are determined to be
earned and taxed, the outcome of tax audits and the ability to realize
deferred tax assets; and adverse impacts of the current strategic alternatives
initiative on customer relationships, employee morale, or management's
capacity to focus on business execution.
    MOSAID assumes no obligation to update or revise any forward-looking
statements. Additional information identifying risks and uncertainties
affecting MOSAID's business and other factors that could cause MOSAID's
financial results to fluctuate are contained in MOSAID's Annual Information
Form, under the section entitled "Risk Factors," and in MOSAID's other public
filings available online at
    %SEDAR: 00002240E

For further information:

For further information: Investor Inquiries: Michael Salter, Director,
Corporate Communications, (613) 599-9539 x1205,; Media
Inquiries: Colleen McGuire, Communications Specialist, (613) 599-9539 x1228,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890