CHESTNUT RIDGE, N.Y., April 19, 2012 /PRNewswire/ -- LeCroy Corporation (Nasdaq: LCRY), a leading supplier of oscilloscopes, protocol analyzers and signal integrity test solutions, today announced the addition of a 65 GHz oscilloscope module to the LabMaster 10 Zi modular oscilloscope platform and unveiled its roadmap to provide 100 GHz of real-time bandwidth in the LabMaster 10 Zi platform. The top-bandwidth increase to 65 GHz is made possible by outstanding results achieved with LeCroy's 8HP Silicon Germanium (SiGe) chipsets, which are performing in the laboratory beyond expectations. LeCroy's 100 GHz real-time oscilloscopes will utilize this advanced chipset and the Company's patented Digital Bandwidth Interleave™ (DBI) technology, and will be available in calendar year 2013. LeCroy is currently shipping the world's fastest real-time oscilloscopes with 45 GHz bandwidth, which are also based on the Company's patented DBI technology. "We are very proud of our technical team for their groundbreaking achievements in high-bandwidth oscilloscope technology," said LeCroy President and Chief Executive Officer Tom Reslewic. "LeCroy has made significant research and development investments to continue to provide deep industry leadership at the very high end of the oscilloscope market. Our customers are using these products to develop next-generation optical communications systems that are vital to improving our ability to handle the ever-increasing data traffic created by the rapid deployment of advanced mobile devices and cloud computing applications. We look forward to helping our customers break the one Terabit/second barrier with our LabMaster 10 Zi." LeCroy's LabMaster 10 Zi platform includes more than 10 unique modules. The highest performance modules feature the world's fastest 4-channel performance with 36 GHz real-time bandwidth on four simultaneous channels and two-channel real-time bandwidth of 65 GHz and will be priced at $450,000. LeCroy's proprietary ChannelSync ™ architecture permits precise synchronization of up 20 separate LabMaster modules for unprecedented bandwidth density. LeCroy expects to begin customer shipments of LabMaster 10 Zi Modules in summer 2012. About LeCroy Corporation LeCroy Corporation is a worldwide leader in signal integrity test solutions, creating advanced instruments that drive product innovation by quickly measuring, analyzing and verifying complex electronic signals. The Company offers high-performance oscilloscopes, serial data analyzers and global communications protocol test solutions used by design engineers in the computer, semiconductor and consumer electronics, data storage, automotive and industrial, telecommunications, and military and aerospace markets. LeCroy's 48-year heritage of technical innovation is the foundation for its recognized leadership in "WaveShape Analysis" - capturing, viewing and measuring the high-speed signals that drive today's information and communications technologies. LeCroy is headquartered in Chestnut Ridge, New York. Company information is available at www.LeCroy.com. Safe Harbor This release contains forward-looking statements, including those pertaining to LeCroy's LabMaster 10 Zi oscilloscope, 100 GHz real-time oscilloscopes, and Digital Bandwidth Interleave (DBI) technology, including the products' characteristics, capacities, technology, design, performance, effectiveness and usefulness, the size of the market for such products, availability and expected shipping date, the likely cost range and whether that is competitively priced. There can be no assurance that actual results will not materially differ from expectations. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties including, without limitation, volume and timing of orders received, changes in the mix of products sold, competitive pricing pressure, the Company's ability to anticipate changes in the market, the availability and timing of funding for the Company's current products, the development of future products and the Company's ability to use intellectual property and protect its patent portfolio. LeCroy undertakes no obligation to publicly update forward-looking statements, whether because of new information, future events or otherwise. Further information on potential factors that could affect LeCroy Corporation's business is described in the Company's reports on file with the SEC. Contact:
Shares of LeCroy Corporation (Nasdaq:LCRY) have taken a tremendous swing upward. The stock is trading at $14.15 as of 9:30 a.m. ET, 54.8% above Friday's closing price of $9.14. Volume is at 4.3 million, 68.5 times the daily average of 63,100.
Shares of LeCroy Corporation (Nasdaq:LCRY) have taken a tremendous swing upward. The stock is trading at $10.57 as of 2:09 p.m. ET, 20.5% above Tuesday's closing price of $8.77. Volume is at 262,746, 2.5 times the daily average of 105,500.
LeCroy Corporation (Nasdaq:LCRY) hit a new 52-week high Monday as it changed hands at $15.64 compared with its previous 52-week high of $15.50. LeCroy is currently trading at $15.62 with 10,991 shares changing hands as of 9:30 a.m..