Agilent Technologies Announces Plans for Recently AcquiredEagleware-Elanix EDA Product Line
Changes to Include Price Decreases, Customer Investment Protection Program,
PARIS, European Microwave Week 2005, Oct. 3, 2005 -- Agilent Technologies Inc. today announced several plans for its product lines following its recent acquisition of the business of Eagleware-Elanix, a provider of system and circuit design software for the communications industry. Expected changes include price decreases, a new customer investment protection program, Advanced Design System (ADS) translators, and a trade-in offer to users of non-Agilent software.
The price decrease is for non-U.S. Eagleware-Elanix customers only and is made possible through the efficiency gains Agilent expects to make in its global infrastructure.
“Our international operations are highly efficient, and we are passing these savings directly to our customers,” said Jim McGillivary, vice president and general manager of Agilent’s EEsof EDA division. “This signals our intention to keep the Eagleware-Elanix product line in a leading price-performance position for years to come.”
Prices in the United States will remain unchanged.
Second, Agilent has announced a new investment protection program, the first of its kind in the high-frequency EDA market. It allows new and current Eagleware-Elanix customers to apply 100 percent of the current list price of the software toward other products in the Agilent EEsof EDA portfolio.
“We realize that companies benefit from options, and we intend to make their decision to choose Agilent EEsof EDA even easier by preserving their investment,” said Neil Martin, marketing and services manager for Agilent’s EEsof EDA division. “Customers new to Agilent can start small and chart a financial growth path as their needs evolve. We simply could not do this before with a single product line.”
Third, an existing translator from GENESYS to the ADS electronic design automation software platform is being upgraded now for enhanced migration options.
And last, Agilent is extending an open offer for users of non-Agilent solutions to trade in their software and migrate to the Eagleware-Elanix product line.
“We are confident that the newly acquired Eagleware-Elanix product line provides a better value than alternative, easy-to-use, PC-based, RF EDA solutions in this portion of the market,” said Martin. “GENESYS 2005 is a significant release, and we encourage customers to compare the overall price-performance, maintenance fees, long-term roadmaps, and investment protection options.”
The most recent version of Eagleware GENESYS, GENESYS 2005, combines ease-of-use enhancements with new synthesis and simulation capabilities. This release is in the beta-testing phase and is expected to ship in the fourth quarter of calendar 2005.
The Eagleware-Elanix product line, with thousands of customers worldwide, is focused on providing easy-to-use, PC-based, high-frequency EDA software at a leading price-performance point. Key products include:
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world’s premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company’s 28,000 employees serve customers in more than 110 countries. Agilent had net revenue of $7.2 billion in fiscal year 2004. Information about Agilent is available on the Web at www.agilent.com.
This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, changes to be made with regard to the Eagleware-Elanix product line, expected efficiency gains achieved by Agilent through the acquisition of Eagleware-Elanix, Agilent’s intentions regarding price-performance position of the Eagleware-Elanix product line, the expected ship date of GENESYS 2005 and the product strategy for the Eagleware-Elanix product line, and expectations about efficiencies to be gained as a result of changes to its global infrastructure. These forward-looking statements involve risks and uncertainties that could cause Agilent’s results to differ materially from management’s current expectations. Such risks and uncertainties include, but are not limited to risks associated with the ability to effectuate the acquisition on a timely basis, risks associated with changes in demand for Agilent’s and Eagleware’s products and risks associated with the development generally of Agilent’s overall strategic objectives.
In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles while it continues to implement cost reductions; the ability to meet and achieve the benefits of its cost-reduction goals and otherwise successfully adapt its cost structures to continuing changes in business conditions; ongoing competitive, pricing and gross margin pressures; the risk that our cost-cutting initiatives will impair our ability to develop products and remain competitive and to operate effectively; the impact of geopolitical uncertainties on our markets and our ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix and other risks detailed in Agilent’s filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the period ended July 31, 2005. Forward-looking statements are based on the beliefs and assumptions of Agilent’s management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement.