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Agilent Technologies, Inc. and Objective Systems Integrators, Inc.
File Amendments to Tender Offer Documents and Regulatory Conditions Satisfied
PALO ALTO, Calif. and FOLSOM, Calif. -- January 3, 2001 -- Agilent
Technologies, Inc. (NYSE:A), a leading provider of innovative technologies for
communications and life sciences, and Objective Systems Integrators, Inc. (OSI)
(Nasdaq:OSII), a leading provider of next-generation operations-support-system
software for communications service providers, today announced that amendments
to Agilent Technologies' Schedule TO and OSI's Schedule 14D-9, each relating to
the tender offer by a wholly owned subsidiary of Agilent Technologies to
purchase all outstanding shares of OSI for US$17.75 per share in cash, had been
filed with the Securities and Exchange Commission. Unless extended, the tender
offer will expire at midnight, New York City time, on Thursday, January 4,
2001.
Agilent Technologies has been advised by the U.S. Federal Trade Commission
that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act
in connection with the tender offer was terminated as of December 22, 2000 and
has been advised that on December 28, 2000 the Fair Trade Commission of the
Republic of China in Taiwan approved the purchase of the shares of OSI in the
tender offer.
Holders of OSI securities should read Agilent Technologies' Schedule TO and
OSI's Schedule 14D-9 including each of the amendments to those documents as each
contains important information about the tender offer. Investors can obtain
these documents and other documents filed by Agilent Technologies and OSI for
free from the U.S. Securities and Exchange Commission's Web site at
http://www.sec.gov.
Holders of OSI securities may contact the Information Agent for the tender
offer, Corporate Investors Communications, Inc., at 866-987-6245 or the Dealer
Manager for the tender offer, Morgan Stanley Dean Witter, at 650-234-5795 with
questions regarding the tender offer or with requests for copies of the tender
offer documents. Holders of OSI securities may also contact their broker,
dealer, commercial bank or trust company or other nominee for assistance
concerning the tender offer.
The tender offer is subject to Agilent Technologies' receipt of a majority
of OSI's outstanding shares, as well as a majority of the OSI shares not owned
by the shareholders who have entered into voting agreements and other customary
conditions.
About OSI
OSI (www.osi.com) is a leading provider of advanced software solutions that
enable rapid time-to-market for eBusiness and communications providers worldwide
to deliver dynamic, superior services. OSI has headquarters in Folsom,
California, with offices worldwide.
About Agilent Technologies
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Agilent Technologies Inc. (NYSE:A - news) is a diversified technology company
with approximately 47,000 employees serving customers in more than 120
countries. Agilent Technologies is a global leader in designing and
manufacturing test, measurement and monitoring instruments, systems and
solutions, and semiconductor and optical components. In fiscal year 2000,
Agilent Technologies had net revenue of $10.8 billion. The company serves
markets that include communications, electronics, life sciences and healthcare.
Information about Agilent Technologies can be found on the Web at
www.agilent.com.
