Agilent to sell semi businesses.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. , CA -- 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. will divest its Semiconductor Products segment to Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. & Co. and Silver Lake Partners Silver Lake Partners is a notable American private equity firm founded in 1999 and headquartered on Sand Hill Road in Menlo Park, California. It focuses its activities in the information technology industry. for $2.66 billion. The company also plans to spin off its SOC and Memory Test businesses in 2006. The company expects to complete the transactions by the end of its fiscal year, Oct. 31. As part of its repositioning as a measurement company, Agilent expects to reduce its global infrastructure costs by $450 million, and infrastructure-related employment by about 1,300 jobs. The reduction will be accomplished through a combination of employee transfers to the divestiture and spinoff, attrition and work force reduction. Edited by Mike Buetow |
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