"Our first quarter results were disappointing," said Ned Barnholt, Agilent chairman, president and chief executive officer. Cost-cutting actions in response will include the cutting of 4,000 more jobs.

Fiscal 3Q revenues grew three times on year

New CIF CMOS sensor heralds a complete CIF, VGA and mega-pixel line to be introduced throughout the rest of this year. High volume price quote of US$7 in high quantities is the same as Micron's recently announced VGA SoC solution.

Move involves new priorities in product focus and positioning, new cost controls and a reduction in worldwide workforce levels of about 10%

US$2b investment to create company's fifth 300mm factory

Three-month average of worldwide bookings and billings in January were $742 million and $806 million respectively. The figures were a respective 10% and 8% down on the revised December figures and 15% and 1% up on January 2002.

Agere will soon provide samples of its latest network processor chip, which it says integrates several peripheral functions into one IC and cuts the bill of materials for a net processor and memory solution to about US$625.