I grappled with this thought before posting this article: Do engineers who grew up thinking that HP was always a computer company and Agilent has been around forever care at all about Bill and Dave? Or, is it the older engineers who used HP test equipment for years that car about this? I'd really like to hear from engineers under 35.
I think the proposed logo is brilliant and "Bill and Dave Instrumentation" would be a fitting name. I've often thought that Hewlett-Packard paved the way for Apple. They made easy to use, functional, reliable, powerful, and elegant instrumentation. The controls were intuitive whether using a tone generator or a calculator. These devices were tools in the best sense - devices that made getting the work done easier. We've got "Ben and Jerry's Ice Cream", why not "Bill and Dave Instrumentation"?
If you do decide to fill in the logo with some color, but you're unable to get it pasted into a comment, send me an e-mail at email@example.com. I'll upload it to our server and send you a link. Then, you can use the little tree icon (to the right of the anchor icon) to paste in the link. Your colored logo will then appear. The system seems to reject pasted in graphics that are bigger than about 20kB.