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
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »