SOURCE: Credence

September 18, 2007 14:30 ET

Credence Reports Correction to Third Quarter Fiscal Year 2007 Earnings per Share

MILPITAS, CA--(Marketwire - September 18, 2007) - Credence Systems Corporation (NASDAQ: CMOS), a leading provider of innovative and cost-effective test solutions from design to production for the worldwide semiconductor industry, today announced that it had filed its Quarterly Report on Form 10-Q for the third quarter of fiscal 2007 ended August 4, 2007 with the Securities and Exchange Commission. In connection with the preparation of the report on Form 10-Q, the Company announced that it had determined that the earnings per share calculation released by the Company on August 30, 2007 understated the Company's earnings per share by $0.01 for the quarter. Diluted earnings per share for the quarter were $0.10 per share, rather than $0.09 per share as previously reported. The number of shares used in computing the diluted per share amount for the quarter was determined to be 107,726,000 rather than 122,574,000.

About Credence

Credence Systems Corporation is a leading provider of debug, characterization and ATE solutions for the global semiconductor industry. With a commitment to applying innovative technology to lower the cost-of-test, Credence delivers competitive cost and performance advantages to integrated device manufacturers (IDMs), wafer foundries, outsource assembly and test (OSAT) suppliers and fabless chip companies worldwide. A global, ISO 9001-certified company with a presence in 20 countries, Credence is headquartered in Milpitas, California. More information is available at http://www.credence.com.