Key Developments: Agilent Technologies Inc (A)
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19 Jun 2013
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Latest Key Developments (Source: Significant Developments)
Agilent Technologies Inc Authorizes New Share Repurchase Program; Increases Quarterly Dividend
Agilent Technologies Inc announced that its board of directors has authorized the repurchase of up to $500 million of the Company's common stock during fiscal 2013. The new repurchase authorization replaces Agilent`s existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs. The board has also authorized a 20% increase in the quarterly dividend, from $0.10 to $0.12 per share, beginning in the second quarter of 2013. The second quarter dividend will be paid on April 24 to all stockholders of record as of the close of business on April 2. Full Article
Agilent Technologies Inc Issues Q1 2013 Guidance Below Analysts' Estimates; Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
Agilent Technologies Inc announced that for the first quarter of 2013, it expects revenue guidance of $ 1.68 billion to $1.70 billion and non-GAAP earnings guidance of $0.65 to $0.67 per share. For fiscal 2013, it expects revenue guidance of $7.0 billion to $7.2 billion and Non-GAAP earnings guidance at $2.80 to $3.10 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.73 billion and EPS of $0.75 for the first quarter of 2013; revenues of $7.1 billion and EPS of $3.33 for fiscal 2013. Full Article
Agilent Technologies Inc Announces Cash Dividend Of $0.10 Per Share
Agilent Technologies Inc announced that a quarterly dividend of $0.10 per share of common stock will be paid January 23, 2013, to all shareholders of record as of the close of business December 31, 2012. Full Article
Agilent Technologies Inc Introduces Handheld Digital Multimeter Designed for Extreme Winter Weather
Agilent Technologies Inc announced the U1273AX OLED handheld digital multimeter, which can operate in temperatures as low as -40 C. Even in such frigid conditions, the new handheld DMM provides accurate results with no warm-up time required. Full Article
Agilent Technologies Inc Announces Cash Dividend of $0.10 per Share
Agilent Technologies Inc announced that a quarterly dividend of $0.10 per share of common stock will be paid October 24, 2012 to all shareholders of record as of the close of business October 2, 2012. Full Article
Agilent Technologies Inc and CATR (TMC) to Collaborate on TD-LTE MIMO
Agilent Technologies Inc announced a memorandum of understanding has been signed with the China Academy of Telecommunication Research (Telecommunication Metrology Center), or CATR (TMC). The two organizations have agreed to work together on TD-LTE MIMO over-the-air (OTA) test research. A nonprofit, public legal body under the Ministry of Industry and Information Technology, CATR (TMC) has a broad set of responsibilities in setting national public metrology standards and telecommunication standards. The MIMO OTA standard for TD-LTE is one of the standards that CATR (TMC) is driving for the wireless industry. standards and OTA certification test. A team of researchers from both organizations plan to develop a two-stage MIMO OTA test system in CATR(TMC)’s OTA lab and perform the measurements using the two-stage test method based on Agilent instruments. CATR (TMC) will provide support and access to their test chamber resources and expertise, providing Agilent researchers in the Beijing research lab an opportunity to develop the OTA test techniques and methods. The teams have agreed to conduct the research jointly in the CATR (TMC) test lab. Full Article
Agilent Technologies Inc Prices $400 Million of Senior Notes
Agilent Technologies Inc announced the pricing of a series of its senior notes in an aggregate principal amount of $400 million, in an underwritten, registered public offering. The notes will mature in October 2022 and will bear interest at an annual rate of 3.20%. The offering is expected to close on September 13, 2012, subject to customary closing conditions. Agilent intends to use the net proceeds from the offering for general corporate purposes, which will include the repayment of its 4.45% senior notes due in September 2012. Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers. Full Article
Agilent Technologies Inc Announces Offering Of Senior Notes
Agilent Technologies Inc announced that it is offering. Agilent intends to use the net proceeds from the offering for general corporate purposes, which will include the repayment of its 4.45% senior notes due in September 2012. Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. are acting as joint book-running managers. Full Article
Agilent Technologies Inc Signs Exclusive Supply Agreement To Provide Components For LipoScience’s Vantera Clinical Analyzer
Agilent Technologies Inc announced that it has entered into an exclusive supply agreement with LipoScience Inc. to provide nuclear magnetic resonance (NMR) components for LipoScience’s Vantera Clinical Analyzer. The analyzer is the first fully-automated NMR diagnostic platform designed specifically for the clinical laboratory and cleared by the U.S. Food and Drug Administration. The Vantera Clinical Analyzer combines proprietary signal-processing algorithms and NMR spectroscopic detection to identify and quantify concentrations of lipoproteins and, potentially, small-molecule metabolites. Full Article
Agilent Technologies Inc Introduces PXI Vector Signal Generator
Agilent Technologies Inc announced that it introduced the vector signal generator in a PXI form factor. The Agilent M9381A is a 1-MHz to 3- or 6-GHz VSG that combines fast switching and RF parametric performance: high output power, linearity and superior level accuracy, outstanding adjacent channel power ratio performance (for output levels up to +10 dBm or more) and wide modulation bandwidth (up to 160 MHz) for testing RF devices. Agilent designed the M9381A for applications such as testing and validating the design of wireless power amplifiers and transceivers, public safety and military radios, and cellular base stations (primarily picocell and femtocell). The new PXIe VSG does more tests in less time, which reduces the cost of testing. Agilent’s exclusive baseband-tuning technology innovation enables frequency and amplitude switching speed as fast as 10 µs in list mode and 250 µs from its programming interface. The switching speed is further enhanced by linearity and repeatability associated with Agilent’s signal generators. Full Article
Fitch Rates Agilent's Note Offering 'BBB+'; Outlook Positive
(The following statement was released by the rating agency) CHICAGO, June 18 (Fitch) Fitch Ratings has assigned a 'BBB+' rating to Agilent Technologies, Inc. (Agilent) (NYSE: A) senior note offering. The Rating Outlook is Positive. KEY RATING DRIVERS The ratings and Positive Outlook reflect Agilent's strengthening operating profile due to ongoing revenue diversification. As a result, Fitch expects mid-cycle annual free cash flow (FCF) approaching $1 billion. The ratings and Outlook also re
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