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Agilent, HP Talk Strategic Alliance

March 23, 2001

PALO ALTO, Calif. (AP) _ Computing giant Hewlett-Packard Co. and the company it spun off in 1999, Agilent Technologies Inc., are discussing a ``strategic alliance″ for joint business intiatives.

In a vague statement released Thursday, the companies said they would work together to identify opportunities that would ``significantly benefit our respective customers and our companies.″

HP and Agilent, which was formed out of the HP division that made testing and measurement equipment, already are major suppliers and customers of one another and work closely on several projects. A strategic alliance would formalize that relationship, said Agilent’s chief operating officer, Alain Couder.

Agilent shares rose $3.20, more than 10 percent, to $34.80 on the New York Stock Exchange, where HP shares gained $1.66, more than 5 percent, to $30.89.


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