March 10, 2006
VIA EDGAR AND OVERNIGHT MAIL
Jay Webb, Reviewing Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
| RE: | LTX Corporation |
| Form 10-K for the Year Ended July 31, 2005 |
| Filed October 11, 2005 |
| File No. 0-10761 |
Ladies and Gentlemen:
As counsel for LTX Corporation (the “Company” or “LTX”), I submit by this letter the supplemental information the Staff has requested. We received the Staff’s comments regarding the Company’s Form 10-K for the fiscal year ended July 31, 2005, by letter dated February 28, 2006 from Jay Webb, Reviewing Accountant (the “Comment Letter”). The Company’s responses to the Staff’s comments contained in the Comment Letter are set forth below and each response is preceded by the SEC request to which the response relates, in italics.
Form 10-K for the fiscal year ended July 31, 2005
Consolidated Balance Sheets, page 27
| 1. | In future filings, please present goodwill and intangibles separately on the face of the balance sheet as required by paragraphs 42 and 43 of SFAS 142. |
In response to this comment, we will in future filings present goodwill and intangibles separately on the face of the balance sheet as required by paragraphs 42 and 43 of SFAS 142, as requested by the Staff.
Report of Independent Registered Public Accounting Firm, page 49
| 2. | Please revise to include a signed report of the Independent Registered Public Accounting Firm as required by Rule 2-02(a) of Regulation S-X. Also, refer to Item 302 of Regulation S-T, which addresses signatures in electronic filings. |
We will revise to include a signed report of the Independent Registered Public Accounting Firm as required by Rule 2-02(a) of Regulations S-X. We plan to file
Jay Webb, Reviewing Accountant
March 10, 2006
Page 2
within approximately the next week an amendment on Form 10K/A to include the signed report.
If you have any questions regarding the foregoing, please call the undersigned at (781) 467-5478.
| Very truly yours, |
| /s/ Joseph A. Hedal |
Joseph A. Hedal General Counsel |
| cc: | Ms. Angela J. Crane |
| Mr. Dennis Hult |
| Ms. Mark J. Gallenberger |
