(Mark One)
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þ
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||
|
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|
For the quarterly period ended March 30, 2007 | |||
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or | |||
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o
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||
|
||||
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For the transition period from __________ to __________ |
Delaware
|
20-5961564 | |
(State or other jurisdiction of
incorporation or organization) |
(I.R.S. Employer Identification No.) | |
637 Davis Drive
Morrisville, North Carolina |
27560 |
|
(Address of principal executive offices) | (Zip Code) |
Large Accelerated Filer o | Accelerated Filer o | Non-Accelerated Filer þ |
Class of Stock | Shares Outstanding as of May 4, 2007 | |||
Class A Common Stock, par value $0.01 per share
|
25,287,597 | |||
Class B Common Stock, par value $0.01 per share
|
32,913,377 | |||
Total shares of common stock outstanding
|
58,200,974 |
Page | ||||||||
3 | ||||||||
4 | ||||||||
5 | ||||||||
6 | ||||||||
7 | ||||||||
24 | ||||||||
38 | ||||||||
39 | ||||||||
40 | ||||||||
40 | ||||||||
40 | ||||||||
EXHIBIT 10.15.1 | ||||||||
EXHIBIT 10.15.2 | ||||||||
EXHIBIT 15 | ||||||||
EXHIBIT 31.1 | ||||||||
EXHIBIT 31.2 | ||||||||
EXHIBIT 32.1 | ||||||||
EXHIBIT 32.2 |
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Quarter Ended
Three Quarters Ended
March 30,
March 31,
March 30,
March 31,
2007
2006
2007
2006
(In millions, except per share amounts)
$
138.7
$
71.9
$
332.1
$
242.6
0.3
1.7
1.7
4.5
139.0
73.6
333.8
247.1
(100.2
)
(45.3
)
(224.2
)
(192.2
)
(1.6
)
(3.2
)
(6.7
)
(9.2
)
(1.2
)
(0.0
)
(1.2
)
(0.0
)
(103.0
)
(48.5
)
(232.1
)
(201.4
)
36.0
25.1
101.7
45.7
(38.5
)
(22.9
)
(86.3
)
(63.0
)
(1.6
)
(1.4
)
(4.7
)
(4.2
)
(40.1
)
(24.3
)
(91.0
)
(67.2
)
(15.3
)
(0.0
)
(15.3
)
(0.0
)
(3.0
)
(0.0
)
(3.0
)
(0.0
)
(0.3
)
(6.9
)
(3.7
)
(10.2
)
(22.7
)
(6.1
)
(11.3
)
(31.7
)
0.9
0.0
1.2
0.3
(1.1
)
(0.6
)
(1.5
)
(0.7
)
(22.9
)
(6.7
)
(11.6
)
(32.1
)
(0.3
)
(0.2
)
(1.0
)
(6.5
)
$
(23.2
)
$
(6.9
)
$
(12.6
)
$
(38.6
)
$
(0.58
)
N/A
$
(0.93
)
N/A
40.3
N/A
13.5
N/A
N/A
Not applicable. Prior to January 26, 2007, the Company was not a public reporting entity and
there were no shares outstanding for purposes of earnings (loss) calculations. Basic and
diluted weighted average shares outstanding are calculated based on the daily outstanding
shares, reflecting the fact that no shares were outstanding prior to January 27, 2007.
Table of Contents
March 30,
June 30,
2007
2006(1)
(In millions)
$
54.4
$
13.8
40.8
163.5
123.9
37.8
25.5
130.3
71.9
3.5
430.3
235.1
79.4
51.8
274.6
28.3
150.6
6.4
4.6
3.8
1.7
9.6
34.2
17.6
545.1
117.5
$
975.4
$
352.6
$
11.3
$
0.2
81.3
42.1
13.8
17.4
42.5
19.1
16.9
9.2
6.6
2.9
8.9
184.2
88.0
11.1
3.0
11.8
8.3
4.5
12.6
222.9
100.6
0.3
0.3
773.2
253.4
(15.6
)
(5.7
)
(1.4
)
752.5
252.0
$
975.4
$
352.6
(1)
Derived from audited financial statements of The Microwave Communications Division of Harris
Corporation.
Table of Contents
Three Quarters Ended
March 30,
March 31,
2007
2006
(In millions)
$
(12.6
)
$
(38.6
)
19.4
5.4
12.2
9.8
1.0
(1.8
)
1.0
5.7
2.7
13.7
(32.0
)
(5.1
)
(0.7
)
5.7
4.8
(0.9
)
(3.7
)
2.6
(9.0
)
6.7
(11.5
)
(2.2
)
4.6
20.4
(33.2
)
17.8
(4.4
)
(2.4
)
(2.8
)
(1.2
)
(2.2
)
1.0
3.0
8.3
(2.6
)
26.9
1.4
(1.1
)
0.2
24.1
(0.6
)
57.2
2.4
(2.9
)
0.7
40.6
1.9
13.8
7.8
$
54.4
$
9.7
Table of Contents
(In millions)
Accumulated
Common
Common
Additional
Other
Total
Stock
Stock
Paid-in
Division
Accumulated
Comprehensive
Shareholders
Class A
Class B
Capital
Equity
Deficit
Loss
Equity
$
$
$
$
253.4
$
$
(1.4
)
$
252.0
3.0
3.0
(5.2
)
(5.2
)
251.2
(251.2
)
0.3
26.6
26.9
0.3
477.3
477.6
15.5
15.5
1.4
1.4
0.2
0.2
1.0
1.0
(15.6
)
(15.6
)
(0.1
)
(0.1
)
(4.2
)
(4.2
)
$
0.3
$
0.3
$
773.2
$
$
(15.6
)
$
(5.7
)
$
752.5
Table of Contents
Table of Contents
Table of Contents
Table of Contents
January 26,
Calculation of Allocable Purchase Price (in millions)
2007
$
464.9
15.5
12.7
$
493.1
Table of Contents
Estimated Useful
Life
Total
Expense Type
(Years)
(In millions)
Cost of revenue
10
$
70.1
Engineering, selling and administrative
Indefinite
33.0
Engineering, selling and administrative
5
11.4
Engineering, selling and administrative
4 to 10
28.8
Engineering, selling and administrative
0.4
4.3
Engineering, selling and administrative
1
1.9
In-process research and development
1 Day
15.3
$
164.8
Table of Contents
Non
Developed
Customer
Contract
Compete
Technology
Tradenames
Relationships
Backlog
Agreements
Total
$
70.1
$
44.4
$
28.8
$
4.3
$
1.9
$
149.5
1.2
0.4
0.5
1.7
0.3
4.1
$
68.9
$
44.0
$
28.3
$
2.6
$
1.6
$
145.4
Quarter Ended
Three Quarters Ended
March 30,
March 31,
March 30,
March 31,
2007
2006
2007
2006
(In millions, except per share amounts)
$
139.0
$
73.6
$
333.8
$
247.1
$
146.8
$
137.6
$
479.5
$
423.1
$
(23.2
)
$
(6.9
)
$
(12.6
)
$
(38.6
)
$
(32.8
)
$
(30.8
)
$
(30.0
)
$
(77.2
)
$
(0.58
)
$
N/A
$
(0.93
)
$
N/A
$
(0.57
)
$
N/A
$
(0.52
)
$
N/A
Table of Contents
Quarter Ended
Three Quarters Ended
March 30, 2007
March 31, 2006
March 30, 2007
March 31, 2006
(in millions)
(in millions)
$
(23.2
)
$
(6.9
)
$
(12.6
)
$
(38.6
)
(0.8
)
1.3
(4.2
)
7.5
(0.2
)
0.2
(0.1
)
(0.1
)
$
(24.2
)
$
(5.4
)
$
(16.9
)
$
(31.2
)
March 30,
June 30,
2007
2006
(in millions)
$
(5.6
)
$
(1.5
)
(
0.1
)
0.1
$
(5.7
)
$
(1.4
)
March 30,
June 30,
2007
2006
(in millions)
$
167.5
$
122.2
4.1
9.8
171.6
132.0
(8.1
)
(8.1
)
$
163.5
$
123.9
March 30,
June 30,
2007
2006
(in millions)
$
46.7
$
17.1
28.4
34.4
65.8
38.6
140.9
90.1
(10.6
)
(18.2
)
$
130.3
$
71.9
Table of Contents
March 30,
June 30,
2007
2006
(in millions)
$
0.7
$
0.6
30.9
21.9
120.1
91.7
151.7
114.2
(72.3
)
(62.4
)
$
79.4
$
51.8
March 30,
June 30,
2007
2006
(in millions)
$
7.3
$
0.0
*
15.0
0.0
*
0.1
0.2
22.4
0.2
(11.3
)
(0.2
)
$
11.1
$
0.0
*
The debt balances assumed as a result of the Stratex Acquisition were not obligations of
Harris Stratex at June 30, 2006.
Table of Contents
Years ending in June
(in millions)
$
2.9
10.7
5.0
3.8
$
22.4
Three Quarters Ended
March 30,
March 31,
2007
2006
(in millions)
$
3.9
$
3.8
3.5
0.0
1.5
1.6
(2.5
)
(1.7
)
(
0.1
)
0.1
$
6.3
$
3.8
104 percent of the issue price after 6 years but before 7 years from issue date
103 percent of the issue price after 7 years but before 8 years from issue date
102 percent of the issue price after 8 years but before 9 years from issue date
101 percent of the issue price after 9 years but before 10 years from issue date
100 percent of the issue price at the automatic redemption date of 10 years from issue date
Table of Contents
0
%
46.15
%
4.87
%
1.33 years
Severance
Facilities
and
and
Benefits
Other
Total
(in millions)
$
0.3
$
$
0.3
2.3
1.4
3.7
(0.7
)
(1.1
)
(1.8
)
1.9
0.3
2.2
0.0
12.0
12.0
1.9
0.0
1.9
(1.4
)
(0.1
)
(1.5
)
(0.2
)
0.3
0.1
$
2.2
$
12.5
$
14.7
Table of Contents
Quarter Ended
Three Quarters Ended
March 30, 2007
March 31, 2006
March 30, 2007
March 31, 2006
(in millions)
(in millions)
$
0.1
$
0.0
$
0.1
$
0.0
1.3
0.6
2.0
1.5
$
1.4
$
0.6
$
2.1
$
1.5
Table of Contents
2007
0.0
%
62.64
%
4.52
%
5.0
Weighted
Average
Exercise
Shares
Price
$
$
292,400
$
20.40
$
292,400
$
20.40
$
Table of Contents
Table of Contents
Weighted
Average
Exercise
Shares
Price
2,392,703
$
24.33
915,063
$
17.05
3,307,766
$
22.32
(4,214
)
$
22.27
(132,661
)
$
9.70
3,170,891
$
22.85
2,343,964
$
24.84
Quarter Ended
Three Quarters Ended
March 30, 2007
March 31, 2006
March 30, 2007
March 31, 2006
(in millions)
(in millions)
$
48.9
$
34.3
$
157.5
$
126.6
84.9
35.0
161.6
107.8
5.2
4.3
14.7
12.7
$
139.0
$
73.6
$
333.8
$
247.1
$
1.3
$
0.0
$
9.9
$
12.7
(24.0
)
0.5
(18.2
)
(35.1
)
0.3
0.3
0.7
0.9
(0.3
)
(6.9
)
(3.7
)
(10.2
)
(0.2
)
(0.6
)
(0.3
)
(0.4
)
$
(22.9
)
$
(6.7
)
$
(11.6
)
$
(32.1
)
Table of Contents
Quarter Ended
Three Quarters Ended
March 30,
March 31,
March 30,
March 31,
2007
2006
2007
2006
$
$
$
0.2
0.8
0.2
0.8
0.3
1.0
5.7
0.3
1.0
5.7
$
0.3
$
0.2
$
1.0
$
6.5
Quarter Ended
Three Quarters Ended
March 30,
March 31,
March 30,
March 31,
2007
2006
2007
2006
(35.0
)%
(35.0
)%
(35.0
)
(35.0
)%
35.0
35.0
35.0
35.0
1.3
3.0
8.6
20.2
1.3
%
3.0
%
8.6
%
20.2
%
Table of Contents
March 30,
June 30,
2007
2006
$
0.2
$
6.0
0.5
0.7
17.7
4.9
17.3
39.2
36.2
1.5
2.6
46.3
80.5
(22.8
)
(69.2
)
23.5
11.3
16.4
1.9
1.7
18.3
1.7
$
5.2
$
9.6
Table of Contents
/s/ Ernst & Young LLP
May 4, 2007
Table of Contents
AND RESULTS OF OPERATIONS OF HARRIS STRATEX NETWORKS, INC.
January 26,
Calculation of Allocable Purchase Price (in millions)
2007
$
464.9
15.5
12.7
$
493.1
Table of Contents
Business Considerations a general description of the Harris Stratex businesses; the
value drivers of these businesses and our strategy for achieving value; fiscal 2007 key
indicators; and industry-wide opportunities, challenges and risks that are relevant to us in
the microwave communications industry.
Operations Review an analysis of our consolidated results of operations and of the
results in each of its three operating segments, to the extent the operating segment results
are helpful to gaining an understanding of our business as a whole, for the quarter and
three quarters ended March 30, 2007 and March 31, 2006 presented in our financial
statements.
Liquidity, Capital Resources and Financial Strategies an analysis of cash flows,
contractual obligations, off-balance sheet arrangements, commercial commitments, financial
risk management, impact of foreign exchange and impact of inflation.
Critical Accounting Policies and Estimates a discussion of accounting policies and
estimates that require the most judgment and a discussion of accounting pronouncements that
have been issued but not yet implemented by us and their potential impact.
Continuing profitable revenue growth in all segments;
Focusing on operating efficiencies and cost reductions;
Maintaining an efficient capital structure.
Table of Contents
Continuing build-out of new networks in emerging markets to meet rapid subscriber growth;
Increasing demand for microwave communications due to build-outs for third-generation
(3G) services rapidly increasing number of cell sites;
Increasing demand to support capacity needs for new triple-play services;
Continuing fixed-line to mobile-line substitution;
Private networks and public telecommunications operators building high-reliability,
high-bandwidth data networks that are more secure and better protected against natural and
man-made disasters;
Continuing global mobile operator consolidation; and
The Federal Communications Commission, or FCC, mandate for a 2 GHz relocation project beginning in calendar 2007.
The ability to minimize the disruption of the merger and related integration on direct and indirect sales channels:
Slow market adoption of digital radio or any of our new products;
The failure to obtain and retain expected synergies from the merger;
Rates of success in executing, managing and integrating key acquisitions and
transactions, including the integration of the operations, personnel and business of
Stratex with those of MCD;
The ability to achieve our business plans;
The ability to manage and maintain key customer relationships;
Quarter-to-quarter changes in order input from our major customers and the associate
variability in revenues, operating income and net income;
The ability to fund debt service obligations through operating cash flow;
Table of Contents
The ability to obtain additional financing in the future and react to competitive and technological changes;
The ability to comply with restrictive covenants in our indebtedness;
The ability to compete with a range of other providers of microwave communications products and services;
The effect of technological changes on our businesses;
The ability to maintain projected product rollouts, product functionality or market
acceptance of new products that we may introduce;
The extent to which our future earnings will be sufficient to cover fixed charges;
The effect of competition; our failure to protect our intellectual property rights; currency and interest rate risks;
Pricing pressure on our products and services;
The impact of political, economic and geographic risks on international sales;
The ability to retain our principal sources of revenue, and:
Future changes in prices for our products and services.
Percent
Increase/
Q3 FY07
Q3 FY06
(Decrease)
(in millions, except percentages)
$
139.0
$
73.6
88.9
%
$
(23.2
)
$
(6.9
)
N/M
N/M
N/M
Table of Contents
Percent
Increase/
Q3 FY07
Q3 FY06
(Decrease)
(in millions, except percentages)
$
139.0
$
73.6
88.9
%
(103.0
)
(48.5
)
N/M
$
36.0
$
25.1
43.4
%
25.9
%
34.1
%
Percent
Increase/
Q3 FY07
Q3 FY06
(Decrease)
(in millions, except percentages)
$
40.1
$
24.3
65.0
%
28.8
%
33.0
%
Percent
Increase/
Q3 FY07
Q3 FY06
(Decrease)
(in millions, except percentages)
$
(22.9
)
$
(6.7
)
N/M
0.3
0.2
N/M
N/M
N/M
Table of Contents
Percent
Increase/
Q3 FY07
Q3 FY06
(Decrease)
(in millions, except percentages)
$
48.9
$
34.3
42.6
%
1.3
0.0
N/M
2.7
%
0.0
%
Table of Contents
Percent
Increase/
Q3 FY07
Q3 FY06
(Decrease)
(in millions, except percentages)
$
84.9
$
35.0
142.6
%
(24.0
)
(0.5
)
N/M
N/M
N/M
Percent
Increase/
Q3 FY07
Q3 FY06
(Decrease)
(in millions, except percentages)
$
5.2
$
4.3
20.9
%
0.3
0.3
0.0
%
5.8
%
7.0
%
Table of Contents
Percent
Increase/
3Qs FY07
3Qs FY06
(Decrease)
(in millions, except percentages)
$
333.8
$
247.1
35.1
%
$
(12.6
)
$
(38.6
)
N/M
N/M
N/M
Percent
Increase/
3Qs FY07
3Qs FY06
(Decrease)
(in millions, except percentages)
$
333.8
$
247.1
35.1
%
(232.1
)
(201.4
)
15.2
%
$
101.7
$
45.7
122.5
%
30.5
%
18.5
%
Table of Contents
Percent
Increase/
3Qs FY07
3Qs FY06
(Decrease)
(in millions, except percentages)
$
91.0
$
67.2
35.4
%
27.3
%
27.2
%
Percent
Increase/
3Qs FY07
3Qs FY06
(Decrease)
(in millions, except percentages)
$
(11.6
)
$
(32.1
)
N/M
(1.0
)
6.5
N/M
8.6
%
N/M
Table of Contents
Percent
Increase/
3Qs FY07
3Qs FY06
(Decrease)
(in millions, except percentages)
$
157.5
$
126.6
24.4
%
9.9
12.7
(22.0
)%
6.3
%
10.0
%
Percent
Increase/
3Qs FY07
3Qs FY06
(Decrease)
(in millions, except percentages)
$
161.6
$
107.8
49.9
%
(18.2
)
(35.1
)
N/M
N/M
N/M
Table of Contents
Percent
Increase/
3Qs FY07
3Qs FY06
(Decrease)
(in millions, except percentages)
$
14.7
$
12.7
15.7
%
0.7
0.9
(22.2
)%
4.8
%
7.1
%
First Three Quarters
2007
2006
(in millions)
$
(11.5
)
$
(2.2
)
(2.2
)
1.0
57.2
2.4
(2.9
)
0.7
$
40.6
$
1.9
Table of Contents
Table of Contents
March 30,
June 30,
2007
2006
(in millions)
$
7.3
$
0.0
*
15.0
0.0
*
0.1
0.2
22.4
0.2
(11.3
)
(0.2
)
$
11.1
$
0.0
Years ending in June
(in millions)
$
2.9
10.7
5.0
3.8
$
22.4
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Expiration of Commitments by Fiscal Year
After
Total
2007
2008
2009
2009
(in millions)
$
1.2
$
0.1
$
1.1
$
$
0.1
0.1
9.8
2.8
6.3
0.5
0.2
0.5
0.5
11.6
3.4
7.5
0.5
0.2
2.7
2.7
24.7
0.3
24.4
27.4
3.0
24.4
0.4
0.3
0.1
$
39.4
$
6.4
$
32.2
$
0.5
$
0.3
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40
Employment Agreement dated as of January 26, 2007 between Harris Stratex Networks, Inc. and Sarah A.
Dudash.
Employment Agreement dated as of April 1, 2006 between Harris Stratex Networks, Inc. and Heinz Stumpe.
Letter Regarding Unaudited Interim Financial Information.
Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.
Section 1350 Certification of Chief Executive Officer.
Section 1350 Certification of Chief Financial Officer.
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41
HARRIS STRATEX NETWORKS, INC.
(Registrant)
Date: May 8, 2007
By:
/s/ Sarah A. Dudash
Sarah A. Dudash
Vice President and Chief Financial Officer
(principal financial officer and duly authorized
officer)
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42
Exhibit
Number
Description
Employment Agreement dated as of January 26, 2007 between Harris Stratex Networks, Inc. and Sarah A.
Dudash.
Employment Agreement dated as of April 1, 2006 between Harris Stratex Networks, Inc. and Heinz Stumpe.
Letter Regarding Unaudited Interim Financial Information.
Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer.
Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.
Section 1350 Certification of Chief Executive Officer.
Section 1350 Certification of Chief Financial Officer.
1
2
3
4
5
6
7
8
By: | /s/ Guy Campbell | |||
Guy Campbell | ||||
President and Chief Executive Officer | ||||
Date: January 27 , 2007
|
|||
|
/s/ Sally Dudash | ||
|
|||
|
Sally Dudash |
9
1
2
3
4
5
6
7
By:
|
/s/ Charles D. Kissner | ||
|
|||
|
Charles D. Kissner | ||
|
Chairman and Chief Executive Officer |
|
/s/ Heinz Stumpe | |
|
||
Date:
May 1, 2006
|
Heinz Stumpe |
8
Dated: 5/1/06
|
/s/ Heinz Stumpe | ||||
|
|||||
|
Heinz Stumpe | ||||
|
|||||
Dated:
5/1/06
|
Stratex Networks, Inc. | ||||
|
|||||
|
By: | /s/ Charles D. Kissner | |||
|
|||||
|
Its: Chairman and Chief Executive Officer |
Dated: 5/1/06
|
By: | /s/ Heinz Stumpe | |||
|
|||||
|
Heinz Stumpe | ||||
|
|||||
Dated: 5/1/06
|
Stratex Networks, | ||||
|
|||||
|
By: | /s/ Charles D. Kissner | |||
|
|||||
|
Its: Chairman and Chief Executive Officer |
/s/ Ernst & Young LLP | ||||
1. | I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2007, of Harris Stratex Networks, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have: |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
May 8, 2007 | /s/ Guy M. Campbell | |||
Name: | Guy M. Campbell | |||
Title: | President and Chief Executive Officer | |||
1. | I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2007, of Harris Stratex Networks, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have: |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
May 8, 2007 | /s/ Sarah A. Dudash | |||
Name: | Sarah A. Dudash | |||
Title: | Vice President and Chief Financial Officer |
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Harris Stratex as of the dates and for the periods expressed in the Report. |
Dated: May 8, 2007 | /s/ Guy M. Campbell | |||
Name: | Guy M. Campbell | |||
Title: | President and Chief Executive Officer | |||
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Harris Stratex as of the dates and for the periods expressed in the Report. |
Dated: May 8, 2007 | /s/ Sarah A. Dudash | |||
Name: | Sarah A. Dudash | |||
Title: | Vice President and Chief Financial Officer | |||