Editing Agilent Technologies (section)

=== 2000–2009 ===
In the early 2000s, "economic uncertainty" depressed demand for Agilent's products,<ref name=":5">{{cite news |url = https://www.newspapers.com/clip/2903240/agilent_eliminates_4000_jobs/ |title = Agilent Technologies slashes 4,000 more jobs |date = 24 February 2003 |work = Santa Cruz Sentinel |access-date = 2015-07-28 |via = [[Newspapers.com]] |agency = Associated Press |url-status = live |archive-url = https://web.archive.org/web/20150801014916/http://www.newspapers.com/clip/2903240/agilent_eliminates_4000_jobs/ |archive-date = 1 August 2015 }}{{Open access}}</ref> including slow sales of health care products to hospitals in the United States, which accounted for 60% of the company's revenue at the time.<ref name=":6" />  The downturn also struck sales in the communications and semiconductor markets, where orders amounting to $500 million were canceled by buyers.<ref name=":7">{{cite news |url = https://www.newspapers.com/clip/2903479/agilent_earnings_fall_short/|title = Agilent earnings fall short |last = Bergstein |first = Brian |date = 18 May 2001 |work = Santa Cruz Sentinel |access-date = 2015-07-28 |via = [[Newspapers.com]] |author-link = Brian Bergstein |url-status = live |archive-url = https://web.archive.org/web/20150801014936/http://www.newspapers.com/clip/2903479/agilent_earnings_fall_short/ |archive-date = 1 August 2015 }}{{Open access }}</ref>  These poor economic conditions prompted large reductions in force; from a headcount in 1999 of 35,000, which had risen to 48,000 by May 2001,<ref name=":7" /> it had by early 2003 cut 18,500 positions.<ref name=":5" />  In 2001, in midst of this downsizing, Agilent sold its health care and medical products organization to [[Philips Medical Systems]],<ref name=":1">{{cite news|url = https://www.newspapers.com/clip/2897621/agilent_sells_medical_supply_group/ |title = Agilent spins off medical supply group to Royal Philips |date = 18 November 2000 |work = Santa Cruz Sentinel |access-date = 2015-07-28 |via = [[Newspapers.com]] |location = California |agency = Associated Press |url-status = live |archive-url = https://web.archive.org/web/20150729154914/http://www.newspapers.com/clip/2897621/agilent_sells_medical_supply_group/ |archive-date = 29 July 2015 }}{{Open access}}</ref> and was noted as having a valuation of about $11 billion.<ref>{{Cite news |url = https://www.newspapers.com/clip/2903309/william_hewlett_dies_at_87_page_a1/ |title = William Hewlett dies at 87 |last = Bergstein |first = Brian |date = 13 January 2001 |work = Santa Cruz Sentinel |access-date = 2015-07-28|via = [[Newspapers.com]]|author-link = Brian Bergstein |quote = HP's test and measurement equipment divisions were spun off last year into Agilent Technologies, Inc., an $11 billion business. |page = A1|url-status = live |archive-url = https://web.archive.org/web/20150801014921/http://www.newspapers.com/clip/2903309/william_hewlett_dies_at_87_page_a1/ |archive-date = 1 August 2015 }}{{Open access}}</ref> HP Medical Products had been the second oldest part of [[Hewlett-Packard]], acquired in the 1950s.{{Citation needed|date = July 2015}}

In August 2005, Agilent announced the sale of its business which produced semiconductor [[integrated circuit]]s (known as "chips") for consumer and industrial uses to [[Kohlberg Kravis Roberts]] and [[Silver Lake Partners]] for $2.66 billion.<ref name=":0">{{cite news |url = https://www.newspapers.com/clip/2897168/agilent_chip_unit_sale_in_2005/ |title = Agilent to sell chip unit for $2.66 billion, cut 1,300 jobs |last = Fordahl |first = Matthew |date = 17 August 2005 |work = [[Ukiah Dly. J.|Ukiah Daily Journal]] |access-date = 2015-07-27 |via = [[Newspapers.com]] |location = Ukiah, California |page = 3 |url-status = live |archive-url = https://web.archive.org/web/20150729154910/http://www.newspapers.com/clip/2897168/agilent_chip_unit_sale_in_2005/ |archive-date = 29 July 2015 }}{{Open access}}</ref>  This move was part of a broad effort to concentrate "on the test-and-measurement business at its historic core," and would entail termination of about 1,300 of the company's 28,000 employees.<ref name=":0" />  The group operated as a private company, [[Avago Technologies]], until August 2009, when it was brought public in an IPO. After purchasing [[Broadcom|Broadcom Corporation]] in 2016, Avago changed its name to [[Broadcom Limited]].

Also in August 2005, Agilent sold its 47% stake in the [[light-emitting diode]] manufacturer [[Philips Lumileds Lighting Company|Lumileds]] to [[Philips]] for $1 billion.<ref name=":0" />  Lumileds originally started as [[Hewlett-Packard]]'s optoelectronics division.

Also in August 2005, Agilent announced a plan to divest its semiconductor test business, composed of both the system-on-chip and memory test market areas.<ref name=":0" /> Agilent listed the new company as [[Verigy]] on the [[Nasdaq]] in mid-2006.