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To: Rob Preuss who wrote (44)5/25/2007 2:31:24 PM
From: Rob Preuss  Respond to of 312
 
Harris Stratex Operating Chief Resigns

Friday May 25, 10:28 am ET

Harris Stratex Chief Operating Officer Steps Down, Effective June 7

RESEARCH TRIANGLE PARK, N.C. (AP) -- Wireless network services provider Harris
Stratex Networks Inc. said Friday that chief operating officer Thomas Waechter has
resigned, effective June 7.

Waechter was chief executive of Stratex Networks, which combined with Melbourne,
Fla.-based Harris Corp.'s Microwave Communication Division to form Harris Stratex
in January this year.

The company does not plan to replace Waechter, but will instead hire a head of
international sales.

Shares of Harris Stratex rose 1 cent to $15.70 in morning trading Friday.



To: Rob Preuss who wrote (44)5/25/2007 4:14:39 PM
From: The Ox  Read Replies (3) | Respond to of 312
 
Hi Rob,
I don't know that we should read too much into the departure of the old STXN CEO. While its sooner then I would have guessed, he's not the first CEO to exit quickly after a merger. I can think of a dozen reasons (both pro and con) why this happened so quickly but they would all be speculation. This may have been part of the deal that would have never be advertised or disclosed outside the inner circle at HSTX? Maybe we'll find out more some day down the road?

As you well know, the fat options packages given to many high ranking insiders these days create situations where an insider's profit motivations are not exactly aligned with those of the long term shareholders. More of an entitlement then a reward for excellent execution.