Agilent Technologies: Difference between revisions
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In his tenure as CEO Bill Sullivan has grown the company from the 51,000 employees that were part of Agilent at the split from HP to a current workforce of about 7500. Sullivan has paid handsome dividends to shareholders by constantly splitting off parts of the company and selling those ventures on the open market. |
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===2014=== |
===2014=== |
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Revision as of 21:29, 17 October 2014
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| Company type | Public |
|---|---|
| Industry |
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| Founded | 1999 (from HP) |
| Founder | Bill Hewlett, David Packard (from HP) |
| Headquarters | Santa Clara, California, United States |
Area served | Worldwide |
Key people | William P. Sullivan (CEO) & (Director) Ron Nersesian (President), (COO) |
| Products |
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| Revenue | |
| Total assets | |
| Total equity | |
Number of employees | 20,500 (2012) |
| Divisions |
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| Website | Agilent.com |
| Footnotes / references [3][4][5] | |
Agilent Technologies, or Agilent, is an American company that designs and manufactures electronic and bio-analytical measurement instruments and equipment for measurement and evaluation.
Many of Agilent's predecessor product lines were developed by Hewlett-Packard, the American test and measurement equipment company founded in 1939. In 1999, product lines not directly connected with computers, storage, and imaging were grouped into a separate company (Agilent), the stock of which was offered to the public in an initial public offering. The Agilent IPO may have been the largest in the history of Silicon Valley at the time.[6]
Agilent maintains a central research and development group, Agilent Laboratories, that conducts the company's research in such areas as microelectromechanical systems, nanotechnology, and life sciences.[7] This centralized group is based on the original Hewlett Packard Lab's design and was formed by dividing the original HP Labs group into two when Agilent was carved out of HP in 1999.[8]
Product lines
Agilent's major product lines include:
- Electronic Test and measurement products such as oscilloscopes, logic analyzers, signal generators, spectrum analyzers, vector network analyzers, atomic force microscopes (AFM), automated optical inspection, automated X-ray inspection (5DX), in-circuit test, and electronic design automation (EDA) software (EEsof)
- Life science and chemical analysis products such as DNA microarrays, liquid and gas chromatographs, mass spectrometers, nuclear magnetic resonance, molecular and atomic spectroscopy products, refurbished equipment.
- Diagnostic & Genomic measurement products for immunohistochemistry, in situ hybridization, hematoxylin and eosin staining, special staining, DNA mutation detection, genotyping, gene copy number determination, identification of gene rearrangements, and DNA methylation and gene expression profiling, as well as automated gel electrophoresis-based sample analysis systems.
History
1999
Agilent Technologies was created by the spin-off of HP's original product lines from their other businesses dealing primarily in computers and imaging. The company thus created by merging all of HP's non-computing products was in 1999 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.[9]
2001–2008
In 2001, Agilent Technologies sold its health care 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 operated as a private company, Avago Technologies, until August 2009, when it was brought public in an IPO. It continues to operate under the same name as a publicly traded corporation. 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 divest its semiconductor test solutions business, composed of both the system-on-chip and memory test market areas. Agilent listed the new company as Verigy, mid-2006 on NASDAQ.
2009
In 2009, Agilent announced the closure of a subsection of its Test & Measurement division. The product lines affected included the automated optical inspection, solder paste inspection, and automated X-ray products [5DX]. In 2004 Agilent reported that it had captured 19% of the US$244 million (excluding Japan) global imaging inspection market.[10] On July 27, 2009, Agilent announced they would buy Varian, Inc., for US$1.5 billion. In November 2009, Agilent sold the N2X product line to IXIA. In February 2010 Agilent announced the selling of its Network Solutions Division to JDSU for US$162 million.
2011
In 2011, the company along with the University of California, Davis, announced that it would be establishing the Davis Millimeter Wave Research Center.[11]
Agilent announced it would increase its life sciences engagement through the acquisition of Halo Genomics, based in Uppsala, Sweden, which was involved in next-generation sequencing technology development.[12]
2012
On May 17, 2012, Agilent Technologies agreed to buy Dako, a Danish cancer diagnostics company, for $2.2 billion, to expand its presence in life sciences industry.[13]
2013
On September 19, 2013, Agilent Technologies announced their decision to separate into two publicly traded companies; Agilent life sciences, diagnostics, applied markets company, and an electronic measurement company.[14] The life sciences company will retain the Agilent name and the electronic measurement company will be called Keysight Technologies.[15]
2014
On October 14 the company announced that it is exiting its Nuclear Magnetic Resonance business.[16]
On November 1 the formal separation of Agilent and Keysight Technologies will be completed.
See also
References
- ^ a b c d e f g h "AGILENT TECHNOLOGIES INC 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. December 19, 2013.
- ^ a b "AGILENT TECHNOLOGIES INC 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 5, 2014.
- ^ "Financial Statements for Agilent Technologies Inc". Google Finance. Retrieved 2008-08-03.
- ^ "Agilent Products & Services". Retrieved 2008-08-03.
- ^ "Financial Statements for Agilent Technologies Inc". Agilent Technologies. Retrieved 2010-11-17.
- ^ Arensman, Russ. "Unfinished business: managing one of the biggest spin-offs in corporate history would be a challenge even in the best of times. But what Agilent's Ned Barnholt got was the worst of times. (Cover Story)." Electronic Business 28.10 (Oct 2002): 36(6).
- ^ "Agilent Research Laboratories Fact Book"
- ^ "HP Lab splits"Press Announcement from Agilent
- ^ "Agilent Technologies in Russia". Retrieved 2013-07-24.
- ^ [dead link]Agilent Trade News Nov 2004
- ^ Nicolas Mokhoff, EE Times. "Agilent and UC Davis form millimeter research center." August 3, 2011. Retrieved August 5, 2011.
- ^ "Agilent Acquires Two Life Science Companies", Drug Discovery & Development, Advantage Business Media, dddmag.com, 7 Dec 2011, retrieved 8 Dec 2011
- ^ Scott, Mark (2012-05-17). "Agilent Technologies". The New York Times. Retrieved 2012-05-21.
- ^ "Agilent Technologies to Separate Into Two Industry-Leading Public Companies" (Press release). Sep 19, 2013.
- ^ "Agilent Technologies Reveals Name of Electronic Measurement Spin-Off Company: Keysight Technologies Reflects Ability to Unlock Measurement Insights for Engineers" (Press release). January 7, 2014.
- ^ "Agilent Technologies to Close Nuclear Magnetic Resonance Business" (Press release). October 14, 2014.
External links
- Agilent Technologies
- Agilent and HP History Links
- Agilent Test & Measurement Discussion Forum
- Patents assigned to Agilent Technologies via USPTO
- Business data for Agilent Technologies:
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- Companies listed on the New York Stock Exchange
- Technology companies established in 1999
- Biotechnology companies of the United States
- Companies based in Santa Clara, California
- Electronics companies of the United States
- Hewlett-Packard
- Research support companies
- Electronic test equipment manufacturers
- Technology companies based in the San Francisco Bay Area