-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GYRZHdYeQkbeYP1BONpHddE6x6mWBOW1DwmA1Dy83BJBv9igwv7mp8sAA6Mhly+u wk0VO8kE8Xx1bVzQ6o3BJg== 0001104659-09-003898.txt : 20090123 0001104659-09-003898.hdr.sgml : 20090123 20090123164204 ACCESSION NUMBER: 0001104659-09-003898 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090123 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090123 DATE AS OF CHANGE: 20090123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGILENT TECHNOLOGIES INC CENTRAL INDEX KEY: 0001090872 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 770518772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15405 FILM NUMBER: 09542876 BUSINESS ADDRESS: STREET 1: 5301 STEVENS CREEK BLVD CITY: SANTA CLARA STATE: CA ZIP: 95051 BUSINESS PHONE: 408-345-8647 MAIL ADDRESS: STREET 1: 5301 STEVENS CREEK BLVD, MS 1A-LC STREET 2: P.O. BOX 58059 CITY: SANTA CLARA STATE: CA ZIP: 95052-8059 FORMER COMPANY: FORMER CONFORMED NAME: HP MEASUREMENT INC DATE OF NAME CHANGE: 19990716 8-K 1 a09-3608_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  January 23, 2009

 

AGILENT TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

001-15405

 

77-0518772

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

 

 

 

 

5301 Stevens Creek Boulevard, Santa Clara, CA

 

95051

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (408) 553-2424

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01.              Other Events.

 

As previously announced, beginning in the first fiscal quarter of 2009, Agilent Technologies, Inc. (“Agilent”) will report results in three separate business segments comprised of the electronic measurement business, the bio-analytical measurement business and the semiconductor and board test business.  This Form 8-K provides information on this change in segment reporting and a summary of the effects of this change on Agilent’s historical segment results. The change in segment reporting will be reflected retrospectively, but in no way revises or restates the GAAP Consolidated Statements of Earnings, Consolidated Balance Sheets, Consolidated Statements of Shareholders’ Equity or Consolidated Statements of Cash Flows for the Company and consolidated subsidiaries for any period.

 

In the quarter ending January 31, 2009, we have formed a new operating segment from our existing businesses: the semiconductor and board test segment. The new segment covers semiconductor equipment and services sold to semiconductor manufacturing and printed circuit board assembly customers. The semiconductor and board test segment combines laser interferometer, parametric test and printed circuit board manufacturing test equipment. Laser interferometer was formerly part of the bio-analytical measurement segment and both the parametric test and printed circuit test were formerly part of the electronic measurement segment. The semiconductor and board test segment is determined based primarily on how our chief operating decision maker views and evaluates our operations. Operating results are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance.  Other factors, including technology and delivery channels, consumer-specific solutions, a highly cyclical market and specialized manufacturing, were considered in deciding to form this new operating segment.

 

In the first quarter of 2009, we have also moved microscopy measurement from the bio-analytical measurement segment to the electronic measurement segment. Microscopy measurement will combine with existing units in the electronic measurement segment for increased synergy with product lines and operational resources.

 

These changes were effective as of November 1, 2008. All segment financial information, beginning in the first fiscal quarter of 2009, will reflect this change. This change will be reflected on a retrospective basis, with prior years also adjusted to reflect the change in segments. Agilent is issuing this Form 8-K in order to provide investors with summary financial information and historical data that is on a basis consistent with its new reporting structure.  Exhibit 99.1 provides quarterly financial summary information by reportable segment for the fiscal years ended October 31, 2006, 2007 and 2008.

 

2



 

Item 9.01.              Financial Statements and Exhibits.

 

(d) Exhibits

 

The following is filed as an exhibit to this report:

 

Exhibit No.

 

Description

99.1

 

Quarterly Segment Financial Summary Information – Fiscal Years Ended October 31, 2006, 2007 and 2008.

 

3



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

AGILENT TECHNOLOGIES, INC.

 

 

 

 

 

 

 

By:

 /s/ MARIE OH HUBER

 

Name:

 Marie Oh Huber

 

Title:

 Vice President, Deputy General Counsel and

 

 

 Assistant Secretary

 

 

Date:  January 23, 2009

 

4



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

99.1

 

Quarterly Segment Financial Summary Information – Fiscal Year Ended October 31, 2006, 2007 and 2008.

 

5


EX-99.1 2 a09-3608_1ex99d1.htm EX-99.1

Exhibit 99.1

 

AGILENT TECHNOLOGIES, INC.

BIO-ANALYTICAL MEASUREMENT INFORMATION

 

(Unaudited)

 

 

 

FY 2008

 

(In millions)

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

Orders

 

$

532

 

$

574

 

$

573

 

$

596

 

$

2,275

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Revenue

 

$

531

 

$

530

 

$

540

 

$

594

 

$

2,195

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

87

 

$

85

 

$

102

 

$

136

 

$

410

 

 

 

 

FY 2007

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

Orders

 

$

433

 

$

457

 

$

471

 

$

533

 

$

1,894

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Revenue

 

$

455

 

$

428

 

$

469

 

$

524

 

$

1,876

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

75

 

$

54

 

$

77

 

$

101

 

$

307

 

 

 

 

FY 2006

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

Orders

 

$

378

 

$

401

 

$

387

 

$

462

 

$

1,628

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Revenue

 

$

374

 

$

372

 

$

391

 

$

418

 

$

1,555

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

41

 

$

39

 

$

54

 

$

77

 

$

211

 

 

Income from operations reflect the results of our reportable segments under Agilent’s management reporting system which are not necessarily in conformity with accounting principles generally accepted in the United States (GAAP).   Income from operations of our reporting segments excludes primarily restructuring and asset impairment charges, business separation costs, amortization of intangibles and some residual corporate charges.

 

In general, recorded orders represent firm purchase commitments from our customers with established terms and conditions for products and services that will be delivered within six months.

 

Historical amounts have been reclassified to conform with current period presentation.

 



 

AGILENT TECHNOLOGIES, INC.

ELECTRONIC MEASUREMENT INFORMATION

 

(Unaudited)

 

 

 

FY 2008

 

(In millions)

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Orders

 

$

773

 

$

863

 

$

735

 

$

786

 

$

3,157

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

773

 

$

831

 

$

818

 

$

817

 

$

3,239

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

77

 

$

120

 

$

126

 

$

137

 

$

460

 

 

 

 

FY 2007

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Orders

 

$

695

 

$

826

 

$

743

 

$

850

 

$

3,114

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

721

 

$

783

 

$

787

 

$

813

 

$

3,104

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

59

 

$

88

 

$

97

 

$

99

 

$

343

 

 

 

 

FY 2006

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Orders

 

$

672

 

$

759

 

$

717

 

$

820

 

$

2,968

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

696

 

$

750

 

$

728

 

$

794

 

$

2,968

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

54

 

$

79

 

$

87

 

$

107

 

$

327

 

 

Income from operations reflect the results of our reportable segments under Agilent’s management reporting system which are not necessarily in conformity with accounting principles generally accepted in the United States (GAAP).   Income from operations of our reporting segments excludes primarily restructuring and asset impairment charges, business separation costs, amortization of intangibles and some residual corporate charges.

 

In general, recorded orders represent firm purchase commitments from our customers with established terms and conditions for products and services that will be delivered within six months.

 

Historical amounts have been reclassified to conform with current period presentation.

 



 

AGILENT TECHNOLOGIES, INC.

SEMICONDUCTOR & BOARD TEST

 

(Unaudited)

 

 

 

FY 2008

 

(In millions)

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Orders

 

$

96

 

$

87

 

$

79

 

$

56

 

$

318

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

89

 

$

95

 

$

86

 

$

70

 

$

340

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

3

 

$

8

 

$

8

 

$

(1

)

$

18

 

 

 

 

FY 2007

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Orders

 

$

122

 

$

117

 

$

94

 

$

100

 

$

433

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

104

 

$

109

 

$

118

 

$

109

 

$

440

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

13

 

$

15

 

$

24

 

$

17

 

$

69

 

 

 

 

FY 2006

 

 

 

Q1

 

Q2

 

Q3

 

Q4

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Orders

 

$

127

 

$

116

 

$

122

 

$

114

 

$

479

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

99

 

$

117

 

$

119

 

$

115

 

$

450

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

$

14

 

$

26

 

$

24

 

$

23

 

$

87

 

 

Income from operations reflect the results of our reportable segments under Agilent’s management reporting system which are not necessarily in conformity with accounting principles generally accepted in the United States (GAAP).   Income from operations of our reporting segments excludes primarily restructuring and asset impairment charges, business separation costs, amortization of intangibles and some residual corporate charges.

 

In general, recorded orders represent firm purchase commitments from our customers with established terms and conditions for products and services that will be delivered within six months.

 

Historical amounts have been reclassified to conform with current period presentation.

 


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