Carnac predicts:
When the dust settles, the HWP spinoff is going to be HUNGRY for automated life science measurement systems. I see a tender offer in the $300MM range for Immucor in September, 1999. Chump change for HWP-measurement, about 4% of annual revenue.
>>The new company was announced Tuesday by HP Chairman, President and Chief Executive Officer, Lewis E. Platt as part of a strategic realignment of HP. The new measurement company's businesses represented $7.6 billion of HP's total revenue of $47.1 billion in fiscal 1998. With leading positions in multiple market segments, this technology-based company will be focused on high-growth opportunities such as communications and life sciences. The company will operate under a new name that has not yet been selected. HP said it is considering an initial public offering (IPO) for approximately 15 percent of the measurement company's outstanding shares by year-end.
About the New Measurement Company
The new measurement company, created by the March 2 strategic realignment of HP, will be one of the world's premier technology-based companies focusing on high-growth opportunities such as communications and life sciences. Its products and services are used widely to design, build and manage today's most advanced communications networks, including the Internet. In addition, the company also has leadership positions in fiber-optic, wireless and optoelectronics components. The company is a leader in certain segments of the medical-product and chemical-analysis markets, and will pursue new opportunities for growth in healthcare and biosciences. |
