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Technology Stocks : Aviat Networks

AVNW 22.84

-1.9%

3:11 PM EST

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From: The Ox	8/7/2007 6:17:39 PM
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Last trade AH at $18.55 Harris Stratex Ntwk Swings To 4Q Loss On Merger Charges >HSTX Last update: 8/7/2007 6:07:57 PM DOW JONES NEWSWIRES Harris Stratex Networks Inc.'s (HSTX) swung to a fiscal fourth-quarter loss of $5.3 million, or 9 cents a share, from a profit of $2.8 million. Before Jan. 26, the company was private and had no shares outstanding. Excluding $23.9 million in pretax charges, the company's earnings remained flat at $10.3 million. For the period ended June 29, non-GAAP per-share earnings were 18 cents. Revenue for the Research Triangle Park, N.C., turnkey wireless network service company rose 58% to $174.1 million for the period ended June 29 from $110.5 million in the year-ago period. On average, analysts polled by Thomson Financial expected per-share non-GAAP earnings of 14 cents and revenue of $156 million. Harris Stratex said it expects full-year 2008 revenue of $670 million to $702 million and non-GAAP per-share earnings

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