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To: Donald Wennerstrom who wrote (57210)

8/15/2012 7:44:18 PM

From: Kirk ©

1 Recommendation Read Replies (1) | Respond to of 95420

Agilent missed by more than AMAT so it is down more in AH... The real issue is how much of this was expected and do they have a relief rally tomorrow when people who might have expected a worse miss buy....

Agilent Technologies Reports Third-Quarter 2012 Results

Highlights:

GAAP net income of $243 million, or $0.69 per share
Non-GAAP net income of $278 million, or $0.79 per share(1)
Orders of $1.66 billion, down 1 percent year-over-year. Revenues of $1.72 billion, up 2 percent from one year ago
Fourth-quarter fiscal year 2012 revenue guidance of $ 1.76 billion - $1.78 billion and non-GAAP earnings guidance of $0.80 - $0.82 per share(2)
Fiscal year 2012 revenue guidance of $6.85 billion - $6.87 billion. Non-GAAP earnings guidance at $3.06 - $3.08 per share(2)

RELATED QUOTES
SymbolPriceChange

A	40.48	-0.01

SANTA CLARA, Calif.--(BUSINESS WIRE)--

Agilent Technologies Inc. ( A) today reported revenues of $1.72 billion for the third fiscal quarter ended July 31, 2012, 2 percent above one year ago. Third-quarter GAAP net income was $243 million, or $0.69 per share. Last year’s third-quarter GAAP net income was $330 million, or $0.92 per share.

During the third quarter, Agilent had intangible amortization of $32 million, acquisition and integration costs of $41 million, and asset impairment and write-down charges of $15 million. The company also recognized a tax benefit of $58 million. Excluding these items and $5 million of other net charges, Agilent reported third-quarter adjusted net income of $278 million, or $0.79 per share(1).

Bill Sullivan, Agilent president and CEO, said, “Agilent’s performance in the fiscal third quarter did not meet our revenue and EPS guidance. We have clearly entered an environment of much slower growth, resulting in deals taking longer to close and customers delaying their order deliveries.

“Despite the global environment, however, we delivered a strong operating margin performance that underscores Agilent’s ability to proactively respond to rapidly changing market conditions.”

Electronic Measurement third-quarter revenues were down 1 percent over the prior year. Orders declined 4 percent from the same period last year. Growth in communications was driven by wireless manufacturing and was offset by weaker aerospace and defense and industrial demand.

Chemical Analysis revenues were flat with a year ago. Orders were down 7 percent. Food and forensics markets held steady, while petrochemical and energy were impacted by the global economy.

Life Sciences revenues grew 2 percent over last year, while orders declined 2 percent year over year. Growth in the pharma market was offset by a decline in academic and government.

Diagnostics and Genomics, which includes the recent Dako acquisition, had revenues of $106 million.

Agilent generated $240 million of cash from operations in the quarter. Third-quarter ROIC was 18 percent(3).

Fiscal fourth-quarter 2012 revenues are expected to be in the range of $1.76 billion to $1.78 billion. Fiscal fourth-quarter non-GAAP earnings are expected to be in the range of $0.80 to $0.82 per share(2).

About Agilent Technologies

Agilent Technologies Inc. ( A) is the world’s premier measurement company and a technology leader in chemical analysis, life sciences, diagnostics, electronics and communications. The company’s 20,000 employees serve customers in more than 100 countries. Agilent had net revenues of $6.6 billion in fiscal 2011. Information about Agilent is available on the Web at www.agilent.com.

Agilent’s management will present more details about its third-quarter FY2012 financial results on a conference call with investors today at 1:30 p.m. (Pacific). This event will be webcast live in listen-only mode. Listeners may log on at www.investor.agilent.com and select “Q3 2012 Agilent Technologies Inc. Earnings Conference Call” in the “News & Events Calendar of Events” section. The webcast will remain available on the company’s website for 90 days.

Additional investor materials can be found on cts.businesswire.com.

A telephone replay of the conference call will be available at 3:30 p.m. (Pacific) today through Aug. 22, 2012. The replay number is +1 888 286-8010; international callers may dial +1 (617) 801-6888. The passcode is 46313205.

To: Donald Wennerstrom who wrote (57210)	8/15/2012 10:17:13 PM
From: The Ox	1 Recommendation Read Replies (1) \| Respond to of 95420

Here's what I posted on the AMAT thread: Last year, net income was 17%. This year it was almost half at 9%, as revenue dropped a little more than 16%. Now the mid-range of their guidance is for revenue to drop 27% yoy. Not pretty at all. I still see the company as a sloth and I find it hard to understand why it's taken them so long to "do a review"!! Shouldn't you have had all your ducks in a row already, especially if you consider this quarter to be "the bottom". Why haven't they been reviewing this stuff all along or if they have, what's the deal here? Personally, I continue to see this as a lousy approach. I don't see much to change my view of the company. Solid products, seriously lousy stock from a shareholder's perspective. Like any stock, if you time it right, you will be rewarded but to expect a reward from this management appears to be asking a TON. As always, I hope I am wrong going forward and AMAT FINALLY figures out how to be a good stock and a good product but .....but.....they haven't done anything in the past few years to make me think "it will be different this time". JMO TO