News
News
Agilent Looking to Spin Off Businesses?
PALO ALTO -- In a report released on Forbes.com, research firm Banc of America Securities said Agilent Technologies' new management may consider spinning off its Automated Test or Semiconductor Products businesses.
Banc
of America said: "These businesses have the lowest operating margins
and suffer the biggest swings in revenues making them more difficult to
manage."
The group cautioned that spinning off low margin businesses may not help the stock price.
"The
remaining businesses will deliver a higher blended margin," the
research firm said. "But operating margins for the remaining businesses
will be at or below comparable companies in those segments."
Agilent's
representatives declined to comment, citing a company policy to "not
endorse or respond to any third-party research or opinions."
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