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With Christmas expected to bring another leap in ownership of tablets, smartphones and other devices, new research from Bell Labs, the research arm of Alcatel-Lucent, suggests that increasing consumption of video content on such devices will push the wired broadband networks that carry this traffic to their absolute limits over the next decade.
MELBOURNE, Florida, December 6, 2012 — Harris Corporation (NYSE:HRS) has reached an agreement to sell Broadcast Communications to an affiliate of The Gores Group, LLC for $225 million. The price includes $160 million in cash at closing, a $15 million subordinated promissory note and an earnout of up to $50 million based on future performance. The transaction is subject to customary regulatory review and closing conditions and is expected to be completed in early calendar year 2013. On May 1, 2012, Harris announced plans to divest Broadcast Communications.
We joined the boycott of russian and belarusian products.
Glory to Ukraine!
