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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63879)	5/17/2002 2:08:56 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Agilent Sees Stabilizing Market with $253M Q2 Loss Online staff -- Electronic News, 5/16/2002 e-insite.net Agilent Technologies Inc. today posted net revenue of $1.5 billion for its fiscal second quarter, up 2 percent from the previous quarter but 39 percent below $2.4 billion in the year-ago quarter. This revenue increase was the company’s first sequential rise in six quarters. The company posted a net loss of $253 million, down from year-ago net income of $102 million, but an improvement on the first quarter’s $315 million net loss. The results point to a stabilizing market, the company said. "The market trends that began to emerge in our first quarter continued over the past three months," said Ned Barnholt, Agilent’s president and CEO, in a statement. "Based on our results this quarter, we believe market conditions in our businesses have stabilized. We also continue to make good progress toward achieving an operational breakeven without depending upon recovery of our markets." Palo Alto, Calif.-based Agilent posted total net orders of $1.6 billion for the quarter, ended April 30, up 9 percent from the previous quarter and the second consecutive rise after five quarters of steep declines. Orders were 14 percent ahead of last year. "We are also seeing good returns in the marketplace from the substantial investments Agilent has made over the past 18 months in new product development," Barnholt said. "At this point, we are confident that the combination of new products and share gains will enable Agilent’s fourth quarter revenues to outpace expected market growth by $150 million."