Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Agilent Technologies (A) -- Ignore unavailable to you. Want to Upgrade?

To: E who wrote (56)	11/19/1999 5:48:00 AM
From: Going Short	Respond to of 620

Just passing on info: Friday November 19 1:41 AM ET HP's Agilent Climbs After $2.16 Billion IPO PALO ALTO, Calif. (Reuters) - Shares of Agilent Technologies Inc. (NYSE:A - news), whose measurement products had been among the lesser-known assets at Hewlett-Packard Co. (NYSE:HWP - news), surged more than 40 percent Thursday in a highly-anticipated public offering. Agilient shares finished the trading session at 44, up 14 from its initial public offering price of 30. Agilent had initially been set to go public in the 19-22 range. Its successful IPO Thursday raised $2.16 billion for the company and lent strength to Hewlett-Packard, which continues to hold a majority stake in the company. Shares of Hewlett-Packard rose 17 to 94-5/8, attributed partly to the Agilent offering, as well as the company's strong earnings report on Wednesday. Agilent's products have not enjoyed the consumer recognition as HP computers and printers, although it serves high-growth industries like healthcare and semiconductors. ``Semiconductor test products is probably (Agilent's) fastest-growing segment right now,' said Collins & Co analyst Brian Eisenbarth. ``Things look pretty good for the company right now.' Although the IPO and the new name make an official break with Hewlett-Packard, Agilent makes many products that actually pre-date HP's computers and printers. As a separate company, Agilent has roughly $8 billion in annual revenues, 43,000 employees, including about a third of the staff of the famed HP Labs, the source of much of the company's innovation. David Menlow, president of IPOfinancial.com, said, ``The market is certainly focused on extremely strong names and quality, and Hewlett-Packard's association is making it for this company.' Earlier Stories