SANTA ROSA, Calif.--(BUSINESS WIRE)--
Keysight Technologies, Inc. (NYSE:KEYS) has announced that its
separation from Agilent Technologies, Inc. (NYSE:A) has been completed.
The newly independent company will begin “regular-way” trading on the
New York Stock Exchange (NYSE) today under the ticker symbol KEYS.
“Today marks a major milestone for Keysight as we begin the next phase
of our journey. As an independent company, the top opportunities within
the electronic measurement market are now the top opportunities for
Keysight,” said Ron Nersesian, Keysight president and CEO. “With a
75-year heritage of market and technology leadership and our strong
business model, we look forward to delivering superior value to our
customers and shareholders.”
Keysight’s separation from Agilent occurred on November 1, 2014 through
a distribution of 100 percent of the outstanding common stock of
Keysight to Agilent shareholders of record as of the close of business
on October 22, 2014. Agilent shareholders of record received one share
of Keysight common stock for every two shares of Agilent common stock
they held. Approximately 167.5 million shares of Keysight common stock
were distributed on November 1, 2014 to Agilent shareholders.
Keysight at a Glance
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Provides measurement technology and solutions for engineers,
scientists, manufacturers, businesses, researchers and government
agencies in more than 100 countries.
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Headquartered in Santa Rosa, California, the company had revenues of
$2.9 billion in fiscal year 2013.
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Holds leadership positions in its industry segments of:
Communications; Aerospace and Defense; and Industrial, Computers and
Semiconductors.
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Employs 9,700 people and has 12 R&D centers around the world.
Forward-Looking Statements
This news release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. The forward-looking statements contained herein
include, but are not limited to, information regarding Keysight’s future
revenues, earnings and profitability; the future demand and
opportunities for the company’s products and services; and customer
expectations. These forward-looking statements involve risks and
uncertainties that could cause Keysight’s results to differ materially
from management’s current expectations. Such risks and uncertainties
include, but are not limited to, unforeseen changes in the strength of
our customers’ businesses; unforeseen changes in the demand for current
and new products, technologies, and services; customer purchasing
decisions and timing.
In addition, other risks that Keysight faces include those detailed in
Keysight’s filings with the Securities and Exchange Commission,
including our Form 10, and amendments thereto. Forward-looking
statements are based on the beliefs and assumptions of Keysight’s
management and on currently available information. Keysight undertakes
no responsibility to publicly update or revise any forward-looking
statement.
About Keysight Technologies
Keysight Technologies (NYSE:KEYS) is a global electronic measurement
technology and market leader helping to transform its customers’
measurement experience through innovations in wireless, modular, and
software solutions. Keysight’s electronic measurement instruments,
systems, software and services are used in the design, development,
manufacture, installation, deployment and operation of electronic
equipment. Information about Keysight is available at www.keysight.com.
Additional investor information can be found at www.investor.keysight.com.
NOTE TO EDITORS: Further technology, corporate citizenship and executive
news is available at www.keysight.com/go/news.
Source: IR-KEYS
Source: Keysight Technologies, Inc.