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Technology Stocks : PairGain Technologies
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To: John Stichnoth who wrote (19254)1/23/1998 6:51:00 PM
From: Leo Mitkievicz  Read Replies (1) of 36349
 
John,

You have the right Harris corporation. This from Morningstar:

Harris produces electronic equipment, systems, and components. The company produces electronic equipment such as communication systems for military and space programs, semiconductors for various civilian and military customers, and communication equipment for the broadcast and telecommunication industries. Its Lanier Worldwide subsidiary makes office equipment, including copiers, dictation systems, and fax machines, as well as speech-recognition systems. Harris markets its products in the U.S. and abroad. Foreign sales account for about 29% of the company's total sales.

PAIR has a very solid supplier here. Note the exposure to military and space areas. If my memory is correct they used to specialize in semis for military use. They have transitioned nicely to more mundane products. The win with PAIR should be good for both companies.

Leo
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