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Agilent Technologies Inc

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BUSINESS
August 15, 2006 | From Bloomberg News
Agilent Technologies Inc., the world's biggest maker of scientific-testing equipment, said its fiscal third-quarter profit more than doubled to $227 million as sales increased. Net income rose to 54 cents a share from $104 million, or 20 cents a share, a year earlier, the Palo Alto-based company said. Excluding costs for stock-based compensation and other items, profit was 46 cents a share, exceeding the 42 cents expected by Needham & Co. analyst John Harmon. Sales rose 17% to $1.45 billion.
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BUSINESS
August 15, 2006 | From Bloomberg News
Agilent Technologies Inc., the world's biggest maker of scientific-testing equipment, said its fiscal third-quarter profit more than doubled to $227 million as sales increased. Net income rose to 54 cents a share from $104 million, or 20 cents a share, a year earlier, the Palo Alto-based company said. Excluding costs for stock-based compensation and other items, profit was 46 cents a share, exceeding the 42 cents expected by Needham & Co. analyst John Harmon. Sales rose 17% to $1.45 billion.
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BUSINESS
November 18, 2000 | Associated Press
Agilent Technologies Inc., the testing and measurement equipment company spun off from Hewlett-Packard Co., is selling its medical-supply group to Royal Philips Electronics for $1.7 billion. In the deal, the Dutch company would get Agilent's health-care solutions group, which has annual sales of $1.5 billion in patient monitoring, ultrasound imaging, resuscitation and other high-tech medical supplies. Shares of Palo Alto-based Agilent jumped $5.75 to close at $47.38 on the Big Board.
BUSINESS
January 13, 2006 | From Bloomberg News
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.
BUSINESS
November 16, 2001 | Reuters
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.
BUSINESS
January 13, 2006 | From Bloomberg News
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.
BUSINESS
August 25, 2005 | From Bloomberg News
Agilent Technologies Inc., which is exiting its semiconductor-related businesses, will close two Palo Alto sites and move its headquarters to Santa Clara, Calif., next year. Agilent will consolidate its Silicon Valley administrative, research and manufacturing operations at a single campus in Santa Clara by October 2006, a spokeswoman said. Chief Executive William Sullivan said Aug.
BUSINESS
July 29, 1999
Hewlett-Packard Co. said the medical-equipment and electronic measurement company it plans to spin off next year will be called Agilent Technologies Inc. The new company will have annual sales of $8 billion and 43,000 employees. It will be based in Palo Alto, along with the new HP, and will make everything from ultrasound-imaging technologies to semiconductor-testing equipment. Its initial public offering, expected to be completed next year, is likely to be one of the biggest ever.
BUSINESS
November 28, 2000 | Bloomberg News
Agilent Technologies Inc., a test- and measurement-equipment maker, agreed to buy Objective Systems Integrators Inc. for about $665 million in cash to add software that helps manage telecommunications networks. Agilent, which was spun off from Hewlett-Packard Co. in June, will pay $17.75 for each Objective Systems share, or 31% more than Friday's close. The purchase is part of Agilent's push to focus on its fast-growing communications and measurement units.
BUSINESS
November 21, 2000 | Bloomberg News
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.
BUSINESS
August 25, 2005 | From Bloomberg News
Agilent Technologies Inc., which is exiting its semiconductor-related businesses, will close two Palo Alto sites and move its headquarters to Santa Clara, Calif., next year. Agilent will consolidate its Silicon Valley administrative, research and manufacturing operations at a single campus in Santa Clara by October 2006, a spokeswoman said. Chief Executive William Sullivan said Aug.
BUSINESS
August 16, 2005 | From Associated Press
Dramatically narrowing its corporate focus, Agilent Technologies Inc. is shedding its chip unit and spinning off other assets as it concentrates on the test-and-measurement business at its historic core. About 1,300 jobs will be cut in the reorganization, which will take the company back to roots that extend to the earliest days of its former parent, Hewlett-Packard Co. Agilent was spun off from HP in 2000.
BUSINESS
August 13, 2005 | From Reuters
Agilent Technologies Inc. is expected to announce Monday that it will sell its semiconductor unit to private equity firms Kohlberg Kravis Roberts & Co. and Silver Lake Partners for about $2.65 billion, according to a source close to the sale process. Agilent has been in talks for months with teams of private equity firms over a sale of the business, which sells chips for mobile phones, printers and other tech equipment and has been a drag on the company's financial performance.
BUSINESS
November 18, 2003 | From Bloomberg News
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.
BUSINESS
August 19, 2003 | From Bloomberg News
Agilent Technologies Inc., a money-losing maker of test equipment, said Monday that it had a wider fiscal third-quarter loss as it cut costs and wrote off deferred tax assets. Its shares rose after Agilent said it would break even or have a profit in the current period. The loss was $1.56 billion, or $3.28 a share, compared with $228 million, or 49 cents, a year earlier, the company said. Sales in the quarter ended July 31 rose 8% to $1.5 billion from $1.39 billion.
BUSINESS
February 22, 2003 | P.J. Huffstutter, Times Staff Writer
Agilent Technologies Inc., the Palo Alto-based maker of high-tech testing equipment, said Friday that it would cut an additional 4,000 jobs, or more than 11% of its workforce, in an attempt to stem continuing losses. Company executives blamed the harsh financial results on customers deciding not to purchase new equipment. Agilent's customers encompass a diverse group of companies in the communications, electronics and life sciences industries, ranging from chip maker Intel Corp.
BUSINESS
November 18, 2003 | From Bloomberg News
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.
BUSINESS
November 13, 2001 | Bloomberg News
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.
BUSINESS
February 6, 2003 | From Bloomberg News
Agilent Technologies Inc., a Palo Alto firm whose testing equipment is used by clients as diverse as chip maker Intel Corp. and drug giant Merck & Co., said Wednesday that its fiscal first-quarter loss was wider than it had forecast because customers postponed purchases. Revenue in the quarter ended Jan. 31 was $1.35 billion to $1.45 billion, down from $1.5 billion to $1.6 billion previously forecast, the company said. The loss, excluding some costs, was 22 to 28 cents a share.
BUSINESS
November 19, 2002 | From Bloomberg News
Agilent Technologies Inc. shares rose during extended trading hours after the maker of testing and measurement equipment said Monday that sales topped forecasts and that it would eliminate 2,500 jobs. The company reported a fourth-quarter loss partly because of severance costs. The net loss was $236 million, or 51 cents a share, in the quarter ended Oct. 31, compared with net income of $197 million, or 43 cents, a year earlier, Agilent said. Sales rose 8.
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