Also, you may want to note that between now and our next conference call, Teradyne will be participating in the Stifel Nicolaus Technology Conference on February 9 and Goldman Sachs Technology conference on February 15, both in San Francisco, Oppenheimer’s Semiconductor Summit in New York on February 17, and Morgan Stanley’s Technology, Media and Telecom Conference on March 1 in San Francisco.Now, let’s get on with the rest of the agenda. First, our CEO, Mike Bradley, will review the state of the company and the industry in the fourth quarter, and we’ll review our outlook for the first quarter. Then our CFO, Greg Beecher, will provide more details on our quarterly and full year financials along with our guidance for the first quarter. We will then answer your questions. For scheduling purposes, you should note that we intend to end this call after one hour. Mike? Michael Bradley Good morning, everyone. Thanks for being with us again today. You can see that we’re guiding revenues up in the first quarter so I want to describe what’s driving that as well as the general tone of business as we enter 2011. But I’d like to spend some time first recapping 2010 as it reflects very solid progress on a long-term strategy. As you know, we closed out the year with annual revenues of $1.6 billion and non-GAAP earnings of $2.20 per share. That was the fourth highest revenue level in our history and the number one year in terms of profit rate and cash generation. Obviously, these results were due in part to a strong recovery in the Semiconductor Test market, particularly in SOC Test. The worldwide SOC Test portion doubled from $1.3 billion in 2009 to $2.6 billion in 2010. And we captured nearly 60% of that growth as our SOC shipments grew from $500 million to just over $1.3 billion. Our customers ordered over 1,700 systems in a year, propelling our SOC market share to about 50%, up from 41% last year.
Now, we’ve benefited from some strong segment buying which can ebb and flow each year. So we believe a conservative base line market share would be somewhat lower, but still significantly up from 2009, with half of our share gain coming from new design wins and half from the steady mix shift in the market to mobile, consumer and smart power devices.We’re very pleased that our customers voted so strongly in favor of the FLEX, the 750, Eagle and Nextest SOC products for their new silicon releases and for their aggressive product ramps this past year. Our FLEX and J750 installed base now sits at well over 6,000 systems, and record years for Eagle and Nextest had broadened our total installed base to the point where we’ll cross the 10,000-system mark sometime this year. Read the rest of this transcript for free on seekingalpha.com