Scientific instrument maker Agilent Technologies said today its fiscal first-quarter profit fell 47 percent as revenue dropped in the company's electronic measurement and semiconductor and board test segments. The company also said that, as part of a plan to lower costs, it will cut 600 jobs.
The company also said that it will close two small board-inspection businesses and restructure its global infrastructure operations — moves intended to lower its ongoing operating costs by $150 million. The company expects these plans to cost $100 million and said they will lead to about 600 job cuts.
Wednesday, February 18, 2009
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