Summary
Agilent Technologies, Inc. (Agilent) has filed this Form 8-K to incorporate updated information concerning its reporting structure and a financial statement revision. The company has established a new 'semiconductor and board test' operating segment, which includes semiconductor equipment and services. Additionally, the microscopy measurement business has been moved to the 'electronic measurement' segment. These changes have led to a recasting of historical segment numbers to align with the new reporting structure. Furthermore, Agilent is revising its consolidated balance sheet as of October 31, 2008, to correct an error in the classification of deferred tax assets and liabilities. This error stemmed from an improper application of jurisdictional netting rules. The filing includes revised sections of its Annual Report on Form 10-K for the year ended October 31, 2008, and its Quarterly Report on Form 10-Q for the quarter ended January 31, 2009, to reflect these adjustments. Investors should note that this report primarily serves to update prior filings with these specific corrections and reclassifications, and not to provide new operational or financial performance data beyond these adjustments.
Key Highlights
- 1Agilent Technologies has reorganized its operating segments, creating a new 'semiconductor and board test' segment.
- 2The microscopy measurement business has been moved from 'bio-analytical measurement' to the 'electronic measurement' segment.
- 3Historical segment financial data has been restated to conform to the new reporting structure.
- 4A revision to the consolidated balance sheet as of October 31, 2008, is being made to correct a misclassification of deferred tax assets and liabilities.
- 5The filing incorporates revised sections of the company's Annual Report (Form 10-K) and First Quarter Report (Form 10-Q).
- 6This 8-K is primarily for the incorporation of these reporting and balance sheet corrections, not for new performance updates.