HPL INC.

HPL Technologies provide yield-optimization software that enables semiconductor companies to enhance the efficiency of the semiconductor production process. Their products include a flexible software platform supported by over 600 software modules that allow their customers to accelerate the process in which they identify, measure and correct sources of failure in the production process. By accelerating this learning and corrective process, they enable their customers to recognize the higher lev... els of revenue and profitability that are typically associated with the early part of a new semiconductor product cycle. Identifying production failures early in a semiconductor product cycle also permits their customers to improve the quality of their products, reduce production costs and meet volume production requirements in a timely manner. They recognized revenues of $13.4 million and operating income of $4.5 million, excluding stock-based compensation charges, in the year ended March 31, 2001. Historically, their largest customers in terms of revenue consisted of the following semiconductor companies: Advanced Micro Devices, Dominion Semiconductor, FASL, Fujitsu Microelectronics, LSI Logic, ST Microelectronics, Silicon Storage Technology, Teradyne and Toshiba.More