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
One of the biggest Finnish introducing broker companies Finnprinters, connecting customers and printing houses, has started joint business projects with Lithuania’s 2 printing houses.
more »
Statistics Lithuania informs that, based on the Labour Force Survey (LFS) data, the unemployment rate in I quarter 2009 reached 11.9 per cent, i.e. was close to the level of the year 2004. Over a quarter, the unemployment rate grew 1.5 times, over a year – 2.4 times.
more »
Lithuania’s Acting Minister of Foreign Affairs Vygaudas Ušackas discussed ways of accelerating the implementation of Rail Baltica in the current economic environment and attracting foreign investments for the implementation of this project.
more »
Proposals for transparency and monitoring to keep gas flowing to the EU.
more »
On a day in which G8 leaders in Italy said the world economy still faces "significant risks," a top White House official said the Obama administration is not discussing a second stimulus plan.
more »
EU proposes microfinance facility to encourage the unemployed to start their own businesses.
more »
For those of you who like your fruit and vegetables to look as crooked, knobbly and curvy as possible 1 July was a good day.
more »
Walt Disney will invest almost half a billion U.S. dollars into its Hong Kong Disneyland, to bolster the park's prospects against a planned rival in Shanghai.
more »
On 26 June 2009 Securities Commission (SC) approved the merge of investment funds controlled by UAB SNORAS Asset Management with SNORAS Global Equity Funds of Funds (SGEFF) by joining JT Baltic Equity Fund I.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers.
more »