The T & M business is in the toilet at the moment. I guess nobody is buying many O-scopes this year. Agilent, Tek, and LeCrap have all had layoffs. If the leader in T&M is doing that bad then the others must really be hurting.
There is nowhere for the Agilent people to go. There is typically no hiring in a down industry. They will hang on there and hope things improve.
Agilent does have the best gear. Help them out and buy a new scope or other test equipment.
This is hardly a surprise considering Agilent had acquired Varian and cut off its network business completely at roughly within the same year back in 2009/2010; you can tell where the company is heading at the time already.
Is this a good move? Make sense from a gross margin point of view, but at the same time by constantly dividing to smaller pieces, they are basically setting themselves up for the eventual faith of being acquired by their arch rival Danaher (owner of Tektronix, Beckman Coulter).