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Technology Stocks : Aviat Networks

AVNW 23.29

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3:59 PM EST

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To: The Ox who wrote (177)	8/5/2008 4:26:06 PM
From: Rob Preuss	of 312

From the Harris Corp news release today... Harris Stratex Networks, Inc. Harris Stratex Networks revenue for the fourth quarter is expected to be $187 million, a 7 percent increase compared to $174 million in the prior-year quarter. Revenue is expected to increase 5 percent compared to sequential third quarter revenue of $178 million. Harris Stratex Networks (Nasdaq: HSTX - News) is a 56 percent majority-owned subsidiary of Harris. Revenue drivers continue to be the transition to IP networks, the evolution to 4G technologies, and wireless network infrastructure expansion in emerging regions. The company achieved record booking levels in the fourth quarter with a 1.6 to 1 book-to-bill ratio, which is expected to contribute to revenue generation in fiscal 2009. Increased orders came from Africa, Europe, the Middle East and Russia as well as North America. Demand for its Eclipse(TM) product line was particularly strong when compared with prior periods. Segment GAAP operating loss in the fourth quarter is expected to be $36 million. Non-GAAP operating loss is expected to be $19 million and excludes integration costs of $17 million associated with the Harris Stratex Networks combination. The non-GAAP operating loss resulted from unexpected operating cost increases and accounting errors related to prior periods totaling $32 million.

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