Agilent ATE unit eyes $115M IPO

March 13, 2006 – Verigy Pte. Ltd., the Singapore-based automatic test equipment (ATE) unit of Agilent Technologies, has filed with the SEC for an initial public offering valued at up to $115 million, fulfilling its intentions announced last August to spin the unit off. Following the IPO, Agilent will distribute its remaining interest in Verigy to stockholders by the end of October of this year.

Agilent indicated the unit posted heavy losses amid declining sales in 2005 — a $119 million loss on $456 million in sales, vs. $8 million loss on $607 million in sales in 2004.


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