By 2005, its workforce numbered 21,000, roughly the same size as today.
The layoffs signaled the start of a new era.
In late 2004,
For Nersesian, one lesson from that era is that
"So now we have world-class production in
Nonetheless, executives expressed confidence that both parts of the business now can survive as standalone companies. For the electronic measurement division, which is tied to the booms and busts of the tech sector, a key goal is to remain profitable throughout each turn in the business cycle.
The company, said Nersesian, also has developed cost-cutting "playbooks" to guide managers on steps to take when business slows "so we don't sit there and go 'What do we do now?'"
The result: While revenues fell this year, the electronics measurement division still posted double-digit profits, Nersesian said. For the current business cycle, annual profits for the division ranged from a high of 23 percent and a low of 19 percent this year -- results that are unprecedented for
Following last month's announcement of the spinoff, analysts at
"I think it's definitely going to be a liberating event for those who work in the EMG (electronic measurement group) business," said
The company, he said, has shown it has the ability to remain profitable and it has put in place "a much better infrastructure for business."
Analysts: Takeover of new company unlikely
Most Popular Stories
- Bipartisan Budget Deal Gets Key Support in House
- TFA Recruiting DACA Recipients
- Bitcoin Clones Lurch Onto Financial Scene
- Scotch Whisky Sales Raise Distillers' Spirits
- Clinton to Keynote Annual Simmons Leadership Conference
- Holiday Shopping Off to a Slow Start This Season
- Health Coverage Disparities Emerge Among States
- Podesta Likely to Reject Keystone XL
- Fake Deaf Interpreter Was Hallucinating, Has Schizophrenia
- Tea Party Glum in Face of Bipartisan Budget Deal