Agilent Technologies is selling its semiconductor business in yet another example of how the chip industry has blossomed with consumer, mobile and networking technology and devices, but has become a fast-moving, boom-or-bust business that is difficult to deliver for Wall Street. The expected sale, a US$2.66 billion acquisition by Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners, was praised by both technology and financial analysts who indicated companies are now better off co-opting for semiconductors.
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Agilent Latest to Sell Off Chip Biz
Posted by: Jay Lyman August 16, 2005 08:06 AMAgilent Technologies is selling its semiconductor business in yet another example of how the chip industry has blossomed with consumer, mobile and networking technology and devices, but has become a fast-moving, boom-or-bust business that is difficult to deliver for Wall Street. The expected sale, a US$2.66 billion acquisition by Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners, was praised by both technology and financial analysts who indicated companies are now better off co-opting for semiconductors.