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

To: Kirk © who wrote (263)	7/21/2000 11:01:21 AM
From: bob zagorin	Read Replies (3) \| Respond to of 620

Agilent off 34 percent after earnings warning NEW YORK, July 21 (Reuters) - Shares in Agilent Technologies Inc. tumbled 34 percent on Friday after an earnings warning from the measurement and testing equipment maker. As analysts gave pessimistic views on the stock, Agilent fell 25 to 48 in early New York Stock Exchange trading. The stock was the biggest NYSE loser in percentage terms and the second most active issue. Agilent has given up much of the gains it posted since it was spun off by Hewlett-Packard Co. in November 1999. The shares are off a closing high of 153 in early March. Agilent warned investors on Thursday that its third-quarter earnings would come in far below forecasts. It also said sales would be disappointing. Agilent said it expected to report earnings a share for the quarter of 18 cents to 22 cents. Analysts on average had expected Agilent to report earnings of 35 cents a share, according to research firm First Call/Thomson Financial. The Palo Alto, Calif., company blamed the shortfall on softness in its healthcare and chemical analysis equipment businesses. It also cited a parts shortage. Goldman Sachs analyst Deane Dray cut Agilent to market outperformer and removed it from the ``recommended for purchase'' list. Credit Suisse First Boston analyst Elliott Rogers said he continued to rate Agilent a buy ``in the most generous sense.'' Calling the third quarter ``a WHOOPS!,'' he recommended buying the stock only on ``extreme weakness with a 12-24 month time horizon.'' 10:37 07-21-00