Harris Corporation Issues Statement That It Is Not Pursuing a Merger or Sale of the Company
June 02 2008 - 1:01AM
PR Newswire (US)
MELBOURNE, Fla., June 2 /PRNewswire-FirstCall/ -- Harris
Corporation (NYSE:HRS) has issued a statement in response to recent
market rumors and media reports. Harris acknowledged that from time
to time it is approached by other companies with expressions of
interest in various types of transactions, including a potential
sale of the company. Harris stated today that it is not pursuing a
merger or a sale. "The Board of Directors and I have great
confidence in this company, its employees and its future," said
Howard L. Lance, chairman, president and chief executive officer.
"Harris is uniquely positioned, with access to both government and
commercial technologies, to continue to effectively serve the
challenging requirements of our growing global assured
communications(R) markets. "We believe our focus on continuing
growth through the introduction of industry-leading new products,
expansion of addressable markets, development of new capabilities,
international expansion, and strategic acquisitions will deliver
significant value going forward for our customers, shareholders and
business partners as we have demonstrated in the past," Lance said.
In accordance with its standing policy, the company will not make
any further statements responding to market rumors or speculation.
About Harris Corporation Harris is an international communications
and information technology company serving government and
commercial markets in more than 150 countries. Headquartered in
Melbourne, Florida, the company has annual revenue of more than $5
billion and 16,000 employees -- including nearly 7,000 engineers
and scientists. Harris is dedicated to developing best-in-class
assured communications(R); products, systems, and services.
Additional information about Harris Corporation is available at
http://www.harris.com/ . Forward-Looking Statements This press
release contains forward-looking statements that reflect
management's current expectations, assumptions and estimates of
future performance and economic conditions. Such statements are
made in reliance upon the safe harbor provisions of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The company cautions investors that any
forward-looking statements are subject to risks and uncertainties
that may cause actual results and future trends to differ
materially from those matters expressed in or implied by such
forward-looking statements. Statements about outlook and
expectations are forward-looking and involve risks and
uncertainties. Other factors that may impact the company's results
and forward-looking statement may be disclosed in the company's
filings with the SEC. Harris disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise. DATASOURCE:
Harris Corporation CONTACT: Investor Relations: Pamela Padgett,
+1-321-727-9383, ; Media: Jim Burke, +1-321-727-9131, , both of
Harris Corporation; For additional information: Web site:
http://www.harris.com/
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