November 16, 2001 |
Communications testing equipment and microchip maker Agilent Technologies Inc. said it will eliminate 4,000 jobs, doubling previously announced cuts, because recovery will take longer. Agilent met Wall Street forecasts, reporting an operating loss of $275million, or 60 cents a diluted share, contrasted with a profit of $328million, or 71 cents a share, in the quarter a year ago. The company noted falling orders and gave a glum outlook. Agilent shares fell 28 cents to $25.
January 13, 2006 |
Agilent Technologies Inc., the world's biggest maker of scientific testing equipment, selected "Verigy" as the name for its semiconductor-testing unit, which is being spun off this year. The name comes from the Latin prefix "veri" for "true," and "gy" comes from "logy" for "the name of sciences," Palo Alto-based Agilent said. Agilent says it is planning to complete Verigy's initial stock sale in the middle of this year and execute the spinoff by October.
November 21, 2000 |
Agilent Technologies Inc. said fiscal fourth-quarter net income, including one-time items, more than doubled to $305 million, or 66 cents a share, from $146 million, or 39 cents a share, a year earlier. The maker of test and measurement equipment said sales rose 38% to $3.37 billion, led by sales of communications-related devices. Agilent, which was spun off by Hewlett-Packard Co.
November 18, 2003 |
EARNINGS Agilent Technologies Inc., the world's biggest maker of scientific testing gear, had a fourth-quarter profit of $13 million after losses for seven straight periods. Net income equaled 3 cents a share, compared with a net loss of $236 million, or 51 cents, a year earlier. Sales fell 3.5% to $1.68 billion, the Palo Alto, Calif., company said. Agilent benefited from cost cuts and an improving market for semiconductors, Chief Executive Ned Barnholt said. Shares of Agilent added $1.80, or 6.
November 13, 2001 |
Agilent Technologies Inc., a maker of electronics-testing and measurement equipment, said it's replacing Chief Financial Officer Robert Walker with Eaton Corp. CFO Adrian Dillon. Walker, 51, said he decided several months ago to step down, though the company held off in announcing his departure until it had found a successor. He'll stay at Agilent, which last year was spun off from Hewlett-Packard Co., through early December to ease the transition.
April 6, 2001 |
Network testing equipment maker Agilent Technologies Inc. said it is slashing all 48,000 employees' pay by 10% to help weather a worsening slowdown in demand and warned it will miss its second-quarter sales forecast. Agilent, which was spun off from Hewlett-Packard Co. in 1999, said the pay cuts were being imposed to avoid layoffs. The cuts began Sunday for Agilent's senior management and will extend to the rest of the work force May 1, lasting at least through July 31.