5-1-2012
The equipment manufacturer has seen its business from government contracts boom, not so much from the broadcast side. In a press release, the company said "The decision to divest Broadcast Communications resulted from a thorough review of our business portfolio, which determined that the business is no longer aligned with the company's long-term strategy. The plan to sell these assets supports our disciplined approach to capital allocation, and we intend to use the proceeds to return cash to shareholders and invest in growing our core businesses."
Harris Corporation reported revenue in the third quarter of fiscal 2012 of $1.48 billion compared with $1.41 billion in the prior-year quarter. GAAP loss from continuing operations in the third quarter was $255 million, or $2.27 per diluted share. GAAP income from continuing operations in the prior year was $142 million, or $1.11 per diluted share.
Headquartered in Melbourne, Florida, the company has approximately $6 billion of annual revenue and about 17,000 employees -- including nearly 7,000 engineers and scientists.
(5/1/2012 3:10:05 PM)
The Harris Flexiva is obviously a bust now for the asymmetrical sideband power increase. Just like the vaunted FM-HD power increase that never happed enmasse, and no word from the FCC on the issue, the asymmetrical sideband power increase must be a bust, too.
(5/1/2012 1:52:50 PM)
Harris is also an iBiquity partner, so no more Decepticon transmitters from Harris! Also, I read that another transmitter manufacture is releasing a new transmitter that is NOT HD Radio-ready! Cheers!
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