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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
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
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
April 6, 2001 | Associated Press
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.
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
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.
BUSINESS
August 20, 2002 | Associated Press
Agilent Technologies Inc., a maker of test and measurement equipment, reported a larger-than-expected fiscal third-quarter loss because of weak demand and disruptions caused by a new companywide management system. For the three months ended July 31, the Palo Alto company lost $228 million, or 49 cents a share, compared with a loss of $225 million, or 49 cents, in the same period last year.
BUSINESS
July 31, 2002 | Bloomberg News
Hewlett-Packard Co. and Agilent Technologies Inc. agreed to pay $7 million to the U.S. to settle claims they sold the government defective medical monitoring devices, lawyers for the plaintiff said. A suit filed by a former HP engineer had claimed the companies sold products to the Defense Department and the Department of Veterans Affairs knowing they failed too often. The government intervened on behalf of the whistle-blower to pursue the lawsuit.
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
July 31, 2002 | Bloomberg News
Hewlett-Packard Co. and Agilent Technologies Inc. agreed to pay $7 million to the U.S. to settle claims they sold the government defective medical monitoring devices, lawyers for the plaintiff said. A suit filed by a former HP engineer had claimed the companies sold products to the Defense Department and the Department of Veterans Affairs knowing they failed too often. The government intervened on behalf of the whistle-blower to pursue the lawsuit.
BUSINESS
August 20, 2002 | Associated Press
Agilent Technologies Inc., a maker of test and measurement equipment, reported a larger-than-expected fiscal third-quarter loss because of weak demand and disruptions caused by a new companywide management system. For the three months ended July 31, the Palo Alto company lost $228 million, or 49 cents a share, compared with a loss of $225 million, or 49 cents, in the same period last year.
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
August 21, 2001 | BRIAN BERGSTEIN, ASSOCIATED PRESS
Agilent Technologies Inc., a maker of test and measurement equipment, said it is slashing 4,000 jobs as it reported a fiscal third-quarter loss and said it expects business to stay sluggish for some time. Company executives warned fourth-quarter revenue and earnings will fall short of analysts' estimates. The news sent shares of Palo-Alto-based Agilent down $2.34, or 9%, to $23.75 in after-hours trading. Agilent had closed off 36 cents at $26.
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