Agilent Technologies 2001 Annual Report

Agilent's 2001 annual report documents the company's second year as an independent entity during a sharp market downturn in communications and semiconductors. The report details cost-reduction initiatives including workforce reductions of 8,000 employees and $1.2 billion in annualized cost savings, while highlighting 150+ new product introductions and growth in life sciences. Despite a challenging year with orders down 39% and a net loss, management emphasizes strategic investments and operational improvements positioned for profitability in fiscal 2002.