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HP names measurement and components business

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Palo Alto, Calif.--Hewlett-Packard Co. unveiled Wednesday the new name for its measurement and components business, which is being realigned as a fully independent company. The new company will be called Agilent Technologies, a name derived from the word "agile." Landor Associates, a San Francisco-based branding agency, developed the Agilent name. In 1998, Agilent had revenue of nearly $8 billion. The new company, which will have its headquarters in Palo Alto, will have 43,000 employees in more than 40 countries.
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