Shares of Harris Corp. rise on takeov...

Shares of Harris Corp. rise on takeover speculation

There are 7 comments on the Orlando Sentinel story from May 10, 2008, titled Shares of Harris Corp. rise on takeover speculation. In it, Orlando Sentinel reports that:

Melbourne -based Harris Corp. 's stock price jumped nearly 5 percent Friday after a published report suggested the company may entertain buyout offers as part of a major corporate shift in strategy.

Join the discussion below, or Read more at Orlando Sentinel.

pudbert_Savannah GA

Vandiver, AL

#1 May 10, 2008
I'll bet you it will be Northrop Grumman that takes them over. Harris is a subcontracto for NG on more than a few major contracts.

If you own NG stock, you'd be smart to sell it before the takeover.

Addison, TX

#2 May 10, 2008
Boy those Allegences/Alliances are something else, Hunh Heh Heh Heh


Sanford, FL

#3 May 10, 2008
As a employee I can say Harris is a great company that cares about its employees. I think it is just a rumor and a nice stock increase. If its true so be it, things change all the time.
employer too

Melbourne, FL

#4 May 13, 2008
Greg, wakeup man!

Orlando, FL

#5 May 13, 2008
As an employee, I now fear for my job. Harris will do whatever necessary to make the "bottom line" look good for potential buyers. I have no doubt this will mean layoffs. Woe be unto the employees.

Since: Feb 08

Central FL & Wash DC

#6 May 14, 2008
As a retired Harris employee (and one who was caught up in the big layoff of '95) am kinda glad I'm no longer there and worried about my future.
Life goes on

Port Orange, FL

#7 May 17, 2008
If this is a move to bump up stock price it is temporary at best. Check and see if the upper managers have sold large shares of stock. This may be a result of a conversation on the golf course in Suntree where a bunch of managers, with stock, thought up a way to make a short term profit on stock sales. Call buddies at The Wall Street Journal, wait for stock to go up, sell 10K shares, reap the gains and smile. This is just a theory. :-)

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