Exhibit 99.1

                      LTX Corporation Lowers Guidance for
                             Second Fiscal Quarter

    WESTWOOD, Mass.--(BUSINESS WIRE)--Feb. 2, 2005--LTX Corporation
(Nasdaq: LTXX), a leading supplier of semiconductor test solutions,
today announced that it is lowering its guidance for revenues and
earnings for the Company's second fiscal quarter ended January 31,
2005 due to continued weak, industry-wide semiconductor capital
equipment conditions.
    The Company now expects revenues to be approximately $26 million,
down approximately 16% from the previous guidance. Accordingly, the
loss per share is expected to be ($0.31) to ($0.33), down from ($0.26)
to ($0.28) in our previous guidance. This guidance does not include
any provisions for one-time charges.
    "Overall industry conditions remained weak through the end of
January leading to LTX's revenue shortfall. In spite of that,
capitalizing on Fusion's competitive strengths, we continued to win
new customers during the quarter," commented Roger W. Blethen,
chairman and chief executive officer. "Our flexible business model
enabled us to quickly adjust to business conditions in the first half
of LTX's fiscal year. However, to better position the Company for the
current environment and industry outlook, we will take the necessary
steps during our fiscal third quarter to improve operating leverage
and reduce breakeven."
    The Company will announce its results for the second fiscal
quarter on Wednesday, February 16, 2005. A conference call will be
held on that day at 4:30PM EST and will be simulcast via the LTX web
site (www.ltx.com).

    "Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Certain matters discussed in this press release
may be forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected. Such risks and uncertainties include, but are
not limited to, the risk of fluctuations in sales and operating
results, risk related to the timely development of new products,
options and software applications, as well as the other factors
described under "Business Risks" in LTX's Form 10-K for the fiscal
quarter ended July 31, 2004 and Form 10-Q for the fiscal quarter ended
October 31, 2004 filed with the Securities and Exchange Commission.

    LTX Corporation (Nasdaq: LTXX) is a leading supplier of test
solutions for the global semiconductor industry. Fusion, LTX's
patented, scalable, single-platform test system, uses innovative
technology to provide high-performance, cost-effective testing of
system-on-a-chip, mixed signal, RF, digital and analog integrated
circuits. Fusion addresses semiconductor manufacturers' economic and
performance requirements today, while enabling their technology
roadmap of tomorrow. LTX's web site is www.ltx.com.

    LTX and Fusion are registered trademarks of LTX Corporation

    CONTACT: LTX Corporation
             Mark J. Gallenberger, 781-467-5417
             mark_gallenberger@ltx.com
             www.ltx.com