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Technology Stocks
Harris -- The Next GE
An SI Board Since September 1997
Posts SubjectMarks Bans Symbol
90 8 0 HRS
Emcee:  Doug Rife Type:  Unmoderated
Harris Corp is a diversified technology company with roughly equal interests in Communications, Semiconductors, Electronics and Office Equipment. Harris recently started a new business called Lanier Healthcare that provides information management systems to hospitals and clinics.

Harris's semiconductor product line includes many chips used by the growing telecomunications and wireless industries. Harris semiconductor pioneered the chip manufacturing process known as dielectric isolation which permits much higher analog bandwidth than common bipolar isolation. This has given Harris a lead in RF and microwave chips needed for wireless communications.

Harris is well positioned to capitalize on the introduction of digital TV as a major supplier of digital broadcast equipment. Digital TV is the most significant technology change to TV since the NTSC color TV standard was introduced more than 30 years ago. Digital TV will require a huge technology investment cycle lasting at least 5 years. This in and of itself should insure Harris a bright future.

Like GE Harris sells a lot of technology to the US government in diverse areas including avionics, air traffic control and aerospace.

Given all this why is the company selling for 15 times 1998 earnings (First Call) and less than its annual sales while GE is selling for 25 times 1998 earnings and 3 times annual sales? My answer is that Wall Street has yet to discover Harris.

Note also that First Call projects a 12% long-term growth rate for both HRS and GE yet HRS is more likely than GE to acheive a higher growth rate in the next 5 years.

The stock recently split 2 for 1 and has been in a solid uptrend since July 1996.

I welcome your comments.
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ReplyMessage PreviewFromRecsPosted
90Harris Corporation and L3 Technologies to Combine in Merger of Equals MELBOURNESr K-October 15
89WSJ Harris and L3 Technologies are nearing an agreement to merge, a deal that wSr K-October 13
88Harris Corporation to Acquire Carefx -- A Leading Provider of Healthcare InteropJakeStraw-2/22/2011
87go long! buy this market! buy HRS!!!Brasco One-11/13/2008
86U.S. General Services Administration Awards Harris Corporation Alliant IT ServicJakeStraw-8/1/2007
85Harris Corporation to Acquire Optimal Solutions, Inc. biz.yahoo.com Monday AprilJakeStraw-4/17/2006
84I think it will be one of the top NYSE performers all year... i guess you shouldiod_sherwood-1/13/2006
83I was thinking about investing some Christmas money into this one, anybody care thelaw-1/9/2006
82So far, 2006 looking great!iod_sherwood-1/6/2006
81What's the latest and greatest here? Looks like it'll finish strong goiiod_sherwood-11/14/2005
80BOOYA!! BOOYA!! TRIPLE BOOYA!!!Brasco One-7/28/2005
79HRS does it again....and that Gap is now in sight. Harris Corporation Reports Rdvdw©-7/28/2004
78Qtrly report for HRS blows away expectations; excellent cash generation during tdvdw©-10/23/2003
77Here is an updating of HRS Managments view of this and next quarter; this compandvdw©-9/30/2003
76All, I think it's far from being the next GE but nice chart performance recejoarel-11/4/2000
75 That was before it took another bounce! Waiting for my new minted LR shares injoarel-11/9/1999
74 As "bottom bouncers" go, HRS seems very solid. Nice technical actionMel Spivak-9/30/1999
73 kholt, Up another 1 3/4 today. Something is in the works. I've been watchjoarel-9/25/1999
72 Just recommended on CNBC by a guest who was saying that the bull market ended tLane3-9/24/1999
71 HRS up 1 1/8 today to 25 5/8 despite the huge hit this week in the markets. Sojoarel-9/24/1999
70 NET-tel Selects Harris Corporation for Network Management Business EditoDon Dorsey-8/30/1999
69 Harris Corporation to Acquire Pacific Research & Engineering Corporation Don Dorsey-8/3/1999
68 -52 week bottom fast approaching . . . .no short term good news for 99. Wejoarel-7/30/1999
67 HRS Certainly took a hit today. It will be nice to have the added diversificatjoarel-7/23/1999
66 I think he is buying. I think he has high hopes for HRS after Lanier is spun oWalter Morton-7/22/1999
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