Agilent Restores Full Pay

PALO ALTO, Calif. -- Agilent Technologies Inc. (NYSE:A - News) today announced that the company will restore full pay to all its employees worldwide as of Aug. 1, 2002. Temporary pay reductions have been in place since May 2001 when Agilent cut pay as one of several measures to address the severe downturn in the telecommunications industry and the corresponding decline in Agilent's business. "We recognize the impact the pay cuts have had on our employees over the past year, and we appreciate their hard work in this tough environment," said Ned Barnholt, Agilent president and CEO. "While we still need to work hard to manage our expenses in order to meet our previously announced goal of returning to profitability in the fourth quarter, the time has come to return our employees to full pay." Agilent Technologies Inc.