Agilent Proceeds With OSI Merger

PALO ALTO, Calif. & FOLSOM, Calif. -- Agilent Technologies Inc. (NYSE:A - news), a leading provider of innovative technologies for communications and life sciences, today announced the successful completion of the tender offer by Tahoe Acquisition Corp. to acquire the common stock, par value $.001 per share, of Objective Systems Integrators Inc. (OSI) (Nasdaq:OSII - news) at $17.75 net per share in cash. OSI is a leading provider of next-generation operations-support-system (OSS) software for communications service providers. Tahoe Acquisition Corp. has accepted for purchase 37,572,548 shares of OSI common stock, including approximately 1,050,844 shares tendered pursuant to Notices of Guaranteed Delivery, representing approximately 97% of the issued and outstanding OSI shares, which shares were validly tendered and not withdrawn prior to the expiration of the tender offer at 12:00 midnight, New York City time, on Thursday, January 4, 2001.

The acquisition of OSI is expected to enhance Agilent's solution portfolio with key technologies and industry-leading expertise, and will augment its already broad worldwide customer base and industry presence. With the OSI acquisition Agilent will be able to immediately meet the needs of service providers deploying 3G wireless, optical, broadband Internet Protocol (IP) and voice-over-packet networks and services.

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