Lecroy Corporation Completes Acquisition of Computer Access Technology Corporation

Lecroy Corporation Completes Acquisition of Computer Access
Technology Corporation
Addition of Protocol Testing Solutions Provides Additional Growth Opportunities



CHESTNUT RIDGE, N.Y., Oct. 29  /PRNewswire-FirstCall/ -- LeCroy Corporation
(NASDAQ:LCRY), a leading supplier of oscilloscopes as well as serial data test
solutions, today announced that the Company has completed its acquisition of
Computer Access Technology Corporation (NASDAQ:CATZ) ("CATC").  The transaction
was overwhelmingly approved by the stockholders of CATC at a special meeting
held October 27, 2004.

"CATC is an ideal complement to LeCroy's business and provides us with an
additional growth engine," said LeCroy President and Chief Executive Officer
Tom Reslewic.  "CATC's verification systems and connectivity products extend
our reach beyond the physical layer to the protocol layer and enable us to
capitalize on the increasing demand for serial data test solutions.  We look
forward to leveraging these new product offerings to create a more dominant and
profitable test and measurement company."

Under the terms of the definitive agreement announced on September 2, 2004,
LeCroy has acquired all of the outstanding common stock of CATC for $6.00 per
share, or approximately $81 million in net cash.  In addition, LeCroy has
issued stock options to assume CATC's outstanding unvested stock options.  The
cash-related transaction costs were paid through a combination of the Company's
existing cash and $50 million of term debt, which is part of a $75 million
credit facility that has been underwritten by The Bank of New York.  BNY
Capital Markets, Inc., a subsidiary of The Bank of New York Company, Inc.,
acted as the Company's exclusive financial advisor with respect to the
acquisition.

Excluding amortization of acquisition-related intangibles and other
transaction-related charges, LeCroy expects the addition of CATC to be
accretive to earnings for the third quarter of fiscal 2005 ending March 31,
2005, which will be the first full quarter of combined operations.

CATC President and Chief Executive Officer Carmine Napolitano has joined
LeCroy's executive management team as president of the Company's newly formed
Serial Data Solutions Division.  This division will include all of CATC's Santa
Clara operations and key elements of LeCroy's oscilloscope business aimed at
serial data test applications.

About LeCroy Corporation

LeCroy Corporation is a worldwide leader in serial data test solutions,
creating advanced instruments that drive product innovation by quickly
measuring, analyzing and verifying complex electronic signals.  The Company
offers high-performance oscilloscopes, serial data analyzers and global
communications protocol test solutions used by design engineers in the computer
and semiconductor, data storage device, automotive and industrial, and military
and aerospace markets.  LeCroy's 40-year heritage of technical innovation is
the foundation for its recognized leadership in "WaveShape Analysis" --
capturing, viewing and measuring the high-speed signals that drive today's
information and communications technologies.  LeCroy is headquartered in
Chestnut Ridge, New York.  Company information is available at
http://www.lecroy.com/ .

LeCroy Safe Harbor

This release contains forward-looking statements, including those pertaining to
CATC serving as a complement to LeCroy's business, acting as a growth engine
for LeCroy, extending LeCroy's reach, capitalizing on the demand for serial
data test solutions, providing additional growth opportunities, creating a more
dominant and profitable test and measurement company and being accretive to
earnings.  All such forward-looking statements are only estimates of future
results, and there can be no assurance that actual results will not materially
differ from expectations.  Actual performance and results of operations may
differ materially from those projected or suggested in the forward-looking
statements due to certain risks and uncertainties including, without
limitation, volume and timing of orders received, changes in the mix of
products sold, competitive pricing pressure, LeCroy's ability to anticipate
changes in the market, the availability and timing of funding for LeCroy's
current products, the development of future products and LeCroy's ability to
use intellectual property and protect its patent portfolios.  LeCroy undertakes
no obligation to publicly update forward-looking statements, whether because of
new information, future events or otherwise.  Further information on potential
factors that could affect LeCroy Corporation's business or cause actual results
to differ materially are described in LeCroy's reports on file with the SEC,
including its Annual Report on Form 10-K, filed with the Securities and
Exchange Commission on September 7, 2004 and subsequent filings which LeCroy
may make with the SEC, which can be viewed at the SEC's website at
http://www.sec.gov/ . 

DATASOURCE: Computer Access Technology Corporation



CONTACT:  Scott D. Kantor, Vice President, Finance of LeCroy Corporation,

[phone]



Web site:  http://www.catc.com/ 

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