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Reminds me of how during the last bubble, HP spun of its unsexy device and medical equipment making divisions (as Agilent) in order to recast itself to the publ
by jgalt212 12y ago
Reminds me of how during the last bubble, HP spun of its unsexy device and medical equipment making divisions (as Agilent) in order to recast itself to the public markets as a sexy Internet company.
http://en.wikipedia.org/wiki/Agilent_Technologies http://en.wikipedia.org/wiki/Agilent_Technologies
> In 1999, product lines not directly connected with computers, storage, and imaging were grouped into a separate company (Agilent), the stock of which was offered to the public in an initial public offering. The Agilent IPO may have been the largest in the history of Silicon Valley at the time.
Since 11/26/99, HPQ is -24% and A is +40% (both pretty lame 14Y returns)
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1412542014984&chddm=1462731&chls=IntervalBasedLine&cmpto=NYSE:HPQ&cmptdms=0&q=NYSE:A&ntsp=0&ei=K64xVNj6E4GUsge8r4DYDA http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&c...