Agilent Technologies

Agilent announced plans to separate into two publicly traded companies: one in life sciences, diagnostics and applied markets (LDA) that will retain the Agilent name, and the other called Keysight Technologies that will be comprised of Agilent's current portfolio of electronic measurement (EM) products.

Expected to become a standalone company in early November 2014, Keysight will be headquartered in Santa Rosa, CA, and have approximately 9,500 employees in 30 countries.

The new Agilent will be a global leader in life sciences, diagnostics and applied markets, with an attractive recurring revenue base, balanced geographic revenue profile, growth opportunities in emerging markets, molecular diagnostics and clinical markets, and significant margin-expansion opportunities.

In fiscal 2013, Agilent reported revenues of $6.82 billion, down 1%, and net income of $724 million.

History

Agilent's pioneering spirit was kindled more than 60 years ago, when two Stanford engineers - Bill Hewlett and Dave Packard - invented the audio oscillator in their garage, an electronic instrument used to test sound equipment. In 1939, the friends formed the Hewlett-Packard company.

Eight HP 200B audio oscillators would be used by Walt Disney to test sound equipment in creating the groundbreaking sound system for the movie "Fantasia."

In 1999, Agilent was spun off from Hewlett-Packard as an independent, publicly-traded company.

In 2001, Agilent Technologies sold its healthcare and medical products organization to Philips Medical Systems. HP Medical Products had been the second oldest part of Hewlett-Packard, acquired in the 1950s. Only the original founding test and measurement organization was older.

In August of 2005, Agilent sold its Semiconductor Products Group, which produced light-emitting diodes, radio frequency and mixed-signal integrated circuits, to Kohlberg Kravis Roberts & Co., and Silver Lake Partners. The group now operates as Avago Technologies, an independent, privately held company. Agilent also sold its 47% stake in the light-emitting diode manufacturer Lumileds to Philips Electronics for just under $1 billion. Lumileds originally started as Hewlett-Packard's optoelectronics division.

Benefits

Agilent offers an outstanding combined benefits package. Coverage begins on first day of employment.

- Paid Time Off - Less than 5 years of service - 15 days; 5-10 years - 20 days; 11 years and up increases from 21 days to 30 days for 25 years or more service
- Educational reimbursement and professional development
- Commute programs such as discounted transit passes
- 11 paid holidays, including one floating and one personal holiday
- Sports teams and health & fitness facilities
- Adoption assistance
- Healthcare, vision and dental plans for the employee and their family
- Healthcare reimbursement accounts
- Long-term care for employees retirees and their families
- On-site cafeterias
- 401(k): Employees are 100% fully vested and eligible to participate in the 401(k) savings plan from their first day of hire. Agilent matches $1 for every $1 of first 3% of contributions and $0.50 for the next 2%. Vesting is always 100%.
- Retirement Plan: All employees, after two years of service, are automatically enrolled into our 100% company-funded retirement plan.
- Results Bonus: This is a cash bonus rewarding employees for business results.
- Stock Purchase Plan: The employee stock purchase plan allows participants to purchase Agilent stock below market value.
- Spark Awards: The "Spark of Insight" program rewards individuals' high performance with stock options.
- Spot bonuses: We believe that excellent work merits an immediate cash reward. Spot bonuses allow us to reward top performances when they're delivered.

Utilize conveniences like lactation rooms, 24/7 employee assistance for child care referrals and on-site film processing. And for your well-deserved rest and relaxation enjoy free vacation retreats in California, Colorado, Pennsylvania, Canada, Germany and Japan.