Tektronix said on Monday that it will focus on the telecoms and internet markets to boost growth following its decision to become a test and measurement company.
The move is a result of the firm's decision earlier this year to sell off its printer, imaging, video and networking businesses. Its aim is to generate sales of more than $1 billion by the end of its current financial year in May.
Rick Wills, chief executive of Tektronix, who was promoted to the job last month, said: "Before any electronic device is manufactured and brought to market - be it the latest, fastest semiconductor, the next evolution networked computer, or the clearest wireless phone you've ever used - that device must be designed and tested. Then, once a product or network is connected, it must be monitored to ensure quality of service."
He added that the company's strategy was to enable customers such as Intel, Motorola and Siemens to design, build, deploy and manage global communication networks and internet technologies.
As a result, Tektronix will concentrate on developing products for mobile networks, embedded digital signal processors and optical transport networks, he said.
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