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HARRIS CEO TELLS SHAREHOLDERS HE EXPECTS STRONG EARNINGS INCREASE IN SECOND QUARTER OVER LAST YEAR

 HARRIS CEO TELLS SHAREHOLDERS HE EXPECTS STRONG EARNINGS
 INCREASE IN SECOND QUARTER OVER LAST YEAR
 MELBOURNE, Fla., Oct. 23 /PRNewswire/ -- Speaking at the company's annual shareholders meeting in Melbourne, Fla., today, Harris Corporation's (NYSE: HRS) Chairman and CEO, John T. Hartley, said that he expects a strong increase in earnings during the second quarter over the second quarter of last year. He also said that the company continues to anticipate a significant increase in earnings for the year as a whole.
 Earlier this week, Harris reported that first-quarter net income rose 63 percent to $20.7 million or 53 cents per share, compared with $12.8 million or 33 cents in the first quarter of last year. Sales were $727.6 million vs. $685.9 million.
 In other meeting activity, shareholders re-elected two members of the board of directors, Lester E. Coleman and Walter F. Raab, whose terms expired at the meeting. The terms of the seven continuing members will expire at subsequent annual meetings. Shareholders also voted to continue Ernst & Young as auditors for the company.
 Harris Corporation, with worldwide sales of more than $3 billion, is focused on four major businesses: electronic systems, communications, semiconductors and Lanier Worldwide office equipment.
 -0- 10/23/92 R
 /CONTACT: Jim Burke, director of media relations of Harris Corporation, 407-727-9126/
 (HRS) CO: Harris Corporation ST: Florida IN: CPR ARO SU: ERP PER


SS-AW -- FL003R -- 4331 10/23/92 16:42 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
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