Agilent Technologies (NYSE: A), or Agilent, is a measurement and instrument company headquartered in Santa Clara, California. Agilent's roots are at the founding of Hewlett-Packard in 1939. All of the businesses not related to computers, storage, and imaging were spun off from HP in 1999 to form Agilent. Agilent's spin-off was the largest initial public offering in the history of Silicon Valley. The spin-off created an $8 billion company with about 47,000 employees, manufacturing scientific instruments, semiconductors, optical networking devices, and electronic test equipment for telecom and wireless R&D and production.
Product linesAgilent manufactures many products descended from HP's original product lines. Agilent's major product lines include:
Research and developmentAgilent Technologies has a robust research and development program as part of Agilent Laboratories, with active research in MEMS, nanotechnology, and Life Sciences. Investment armAgilent Technologies has an active investment group, Agilent Ventures, which invests in high-tech start up companies. Investments include MEMX, Infinera, and Telasics. Corporate restructuringIn 2001, Agilent Technologies sold its healthcare and medical products organization to Philips Medical Systems. HP Medical Products had been the second oldest part of Hewlett-Packard, acquired in the 1950s. Only the original founding test and measurement organization was older. In August 2005, Agilent Technologies announced the sale of its Semiconductor Products Group, which produced light-emitting diode, radio frequency and mixed-signal integrated circuits, to Kohlberg Kravis Roberts & Co., and Silver Lake Partners. The group now operates as Avago Technologies, an independent, privately held company. Agilent also sold its 47% stake in the light-emitting diode manufacturer Lumileds to Philips Electronics for just under $1 billion. Lumileds originally started as Hewlett-Packard's optoelectronics division. Also in August 2005, Agilent announced a plan to spin off its semiconductor test solutions business, composed of both the system-on-chip and memory test market areas. Agilent listed the new company Verigy, mid-2006 on NASDAQ. References
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