Agilent Gets an "A" on NYSE.
Agilent Technologies Inc, the testing and measurement business set
to be spun out from Hewlett-Packard Co, will eventually trade on the New
York Stock Exchange under the symbol "A," making it one of an
elite group of companies that have a lone letter to designate their
stock. Following its planned initial public offering later in the year,
Agilent will be one of only 22 companies to have what some see as a sign
of prestige among ticker symbols. It will join the likes of Citigroup
(C), Ford Motor Co (F) and AT&T Corp (T).
The "A" ticker became available earlier this year when
former holder Astra AB merged with another firm. I, M, Q and V are the
only lone symbols that are currently inactive. Agilent, which was
reported as a discontinued operation in HP's latest regulatory
filing, saw revenue up 11% in the third quarter to $2.09bn, and posted
earnings that more than doubled to $157m from $67m in the year-ago
quarter.
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