Harris May Unload Stratex Networks

Harris Corp. is considering several options for its majority-owned subsidiary, Harris Stratex Networks, Inc., including selling it. Harris currently owns 56 percent of Harris Stratex Networks, which was formed nearly two years ago, through the combination of the Harris Microwave Communications Division and Stratex Networks, Inc.

"We will evaluate a number of different alternatives to determine which can provide the greatest value to Harris shareholders," said Howard L. Lance, chairman, president and chief executive officer of Harris Corporation. "Alternatives under consideration include a spin-off, split-off, secondary public offering, or a sale of all or part of our shares."

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