Agilent Technologies Announces Name of Semiconductor Test Spin-Off Company.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. (NYSE NYSE See: New York Stock Exchange :A) today announced it has selected a name for its upcoming semiconductor test spin-off company. The new name, Verigy, will be used when the new company separates from Agilent, which is expected to occur near mid-2006. The name is built from the Latin prefix The beginning or to add to the beginning. To prefix a header onto a packet means to place the header characters in front of the packet. "To prefix" at the beginning is the opposite of "to append" characters at the end. See prepend. 1. "veri-" ("true, genuine"), which is the root of "verification" ("to prove the truth of, substantiate") and so ties the name to the test business. The "-gy" suffix suf·fix n. An affix added to the end of a word or stem, serving to form a new word or functioning as an inflectional ending, such as -ness in gentleness, -ing in walking, or -s in sits. tr.v. comes from the combining form com·bin·ing form n. A modified form of an independent word that occurs only in combination with words, affixes, or other combining forms to form compounds or derivatives, as electro- (from electric) in electromagnet or geo- "-logy," meaning the name of sciences or bodies of knowledge, as in biology and geology. Verigy describes a company dealing with the true nature of things. The sound of the name connotes energy. The company's tagline is "the brilliance of innovation." Its website will be www.verigy.com. "Verigy is emerging from a powerful historical lineage, a direct line from both Hewlett-Packard's standards of integrity and innovation and Agilent's premier measurement business," said Jack Trautman, president of Agilent's Semiconductor Test Solutions business. "This name captures the spirit of our spin-off organization -- proven, responsive, energetic, innovative." On Aug. 15, 2005, Agilent announced a strategic move that includes a plan to spin off its Semiconductor Test Solutions (STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). ) business, comprised of both the system-on-chip and system-in-package (SOC/SIP) and memory test market areas. STS will become a new automated test company focused on technology and innovation in semiconductor test. The spin-off is expected to take place as soon as practical in 2006, after first carving out the STS business from Agilent. Agilent's target is to complete an initial public offering of Verigy near mid-2006, and to complete the spin-off of Verigy by the end of October 2006. Forward-Looking Statements This press release includes statements that constitute "forward-looking statements," including, but not limited to, statements regarding the future separation of the semiconductor test business from Agilent, the initial public offering of a new company, Verigy, containing this business, and the completion of a spin-off of Verigy. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: unanticipated delays or difficulties in the separation of the semiconductor test business from Agilent, the initial public offering or the completion of the spin-off; prevailing market conditions; changes in economic and financial conditions of Agilent's business, including the semiconductor test business; other uncertainties and matters beyond the control of management; and the other risks detailed in Agilent's periodic filings with the Securities and Exchange Commission. Agilent undertakes no obligation to update these statements for revisions or changes after the date of this release. About Agilent Technologies Agilent Technologies Inc. (NYSE:A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 21,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.1 billion in fiscal 2005. Information about Agilent is available on the Web at www.agilent.com. NOTE TO EDITORS: Further technology, corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while and executive news is available on the Agilent news site at www.agilent.com/go/news. |
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