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Technology Stocks : Aviat Networks

AVNW 23.67

-2.0%

1:57 PM EST

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To: The Ox who wrote (192)	9/18/2008 12:24:00 AM
From: The Ox	Read Replies (1) of 312

Standard & Poor’s announced Tuesday that Harris Corp. will replace the newly bankrupt Lehman Brothers Holdings Inc. on the S&P 500 Index. Harris. whose Broadcast Communications Division is headquartered in Mason, will join the index after the close of business on Friday. Lehman Brothers filed for Chapter 11 bankruptcy after a failed attempt to find a buyer last weekend. The company’s financial condition became unsustainable due to its exposure to the ongoing housing mortgage meltdown. Melbourne, Fla.-based Harris (NYSE: HRS) is an international communications and information technology company that employs more than 16,000 people worldwide. The company generates revenue of more than $5 billion and operates in about 150 countries.

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