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

To: StanX Long who wrote (63885)	5/17/2002 2:20:16 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Agilent reports modest sequential growth and loss in Q1 as business stabilizes Semiconductor Business News (05/16/02 17:39 p.m. EST) siliconstrategies.com PALO ALTO, Calif. -- Agilent Technologies Inc. today reported sales of $1.5 billion for the second quarter ended April 30, up 2% from $1.4 billion in the previous period but down 39% from $2.4 billion in the like period a year ago. The company also reported a net loss of $253 million in the quarter, compared to a loss of $315 million in the previous quarter and a net of $102 million a year ago. "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. "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," he said. Total net orders were up 9% this quarter, the second consecutive rise after five quarters of steep declines, and were 14% ahead of one year ago. Order cancellations of approximately $90 million in the second quarter were about flat with the first quarter and down from approximately $500 million last year. Compared to last year, Agilent's total regular employment is down about 6,000. The company said it will complete the previously announced 8,000-person workforce reduction by year end.