Sunday, April 12, 2009

Harris Stratex Networks Provides Preliminary Q3 Results

Harris Stratex Networks announced preliminary operating results for its quarter ended April 3, 2009. Revenue is expected to be between $150 million and $160 million, which is within the range of $150 million to $170 million revenue expectation provided on February 4, 2009. The company anticipates an increase in operating expenses of $5 million to $7 million primarily due to an increase in the bad debt provision and, to a lesser extent, added expenses associated with the recent acquisition of Telsima. Without these additional charges, Q3 operating expenses are anticipated to be comparable to Q2. Operating cash flow for the quarter is expected to be positive.

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