Measurement Unit May Hold IPO.
Published:
4 March 1999 y., Thursday
Hewlett-Packard Co. announced plans to break the computer giant into two separate publicly traded entities, splitting its old-line measurement business apart from its printer and computer business. In an announcement made near midday Tuesday, H-P said it would consider holding an initial public offering for 15% of the measurement company later this year, with the rest of the shares distributed tax-free to current H-P shareholders after the IPO. Eliminating the "confusion of having these [businesses] under one roof outweighs the synergies of having them together," said Louis E. Platt, chairman and CEO of H-P. The Palo Alto, Calif., company said the split-up wouldn_t
result in any significant layoffs. The new measurement company will comprise H-P_s test-and-measurement, components, chemical-analysis and medical businesses. These businesses represented $7.6 billion, or 16%, of H-P_s total revenue of $47.1 billion in fiscal 1998. H-P said the new company would be focused on high-growth sectors such as communications and life sciences.
Šaltinis:
Internet
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European conference promotes regional solutions to global challenges.
more »
Iceland‘s low-fare airline Iceland Express will launch regular flights by the new-generation „Boeing 737-700“ planes to about 8 different destinations from Vinius International Airport.
more »
Over 3 million people around the world have lost their jobs due to the financial crisis and, according to the UN, economic recovery is unlikely to reach those that have suffered most - poor women and children.
more »
The European Commission has today decided not to raise any objections to the public financing of infrastructure developments at three Lithuanian airports – Vilnius, Kaunas and Palanga International Airports.
more »
The European Commission has published the results of a public consultation launched in June 2009 on whether and how deadlines should be set for the migration of existing national credit transfers and direct debits to the new Single Euro Payments Area (SEPA) payment instruments.
more »
A favourable climate for innovation in the EU can speed up the transition to an eco-efficient economy and increase Europe’s global competitiveness.
more »
The International Monetary Fund (IMF) and the Deutsche Bundesbank have signed an agreement to provide the Fund with up to the equivalent of €15 billion (about US$22 billion).
more »
Today the European Central Bank is publishing a report entitled “Euro Money Market Survey 2009”, which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008.
more »
New EU laws proposed for closer oversight of financial services industry, sending a strong signal to this week's G20 summit.
more »
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future.
more »