United States
Agilent Technologies to increase size of share repurchase program
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PALO ALTO, Calif., Sept. 22, 2005
Agilent Technologies Inc. (NYSE: A) today announced it will increase the size of its previously announced share repurchase program to $4.466 billion worth of its common stock from $4 billion. On Sept. 9, 2005, Agilent redeemed its formerly outstanding 3 percent senior convertible debentures due 2021. In conjunction with the redemption, approximately $466 million of the debentures were converted into Agilent common stock at $32.22 per share. Accordingly, Agilent is increasing its share repurchase program by the amount of $466 million. 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 28,000 employees serve customers in more than 110 countries. Agilent had net revenue of $7.2 billion in fiscal year 2004. Information about Agilent is available on the Web at www.agilent.com. Forward-Looking Statements This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and subject to the safe harbors created therein. The forward-looking statements relate to the implementation of Agilent's share repurchase program. These forward-looking statements involve risks and uncertainties that could cause Agilent's results to differ materially from management's current expectations. The risks and uncertainties include, but are not limited to, risks associated with changes in the market for Agilent's common stock and changes generally to Agilent's overall strategic objectives. In addition, Agilent is subject to the risks detailed in its filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the period ended July 31, 2005. Forward-looking statements are based on the beliefs and assumptions of Agilent's management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement. # # # Contact: Amy Flores Hilliard Terry |
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