Harris Corporation (NYSE: HRS) has reported preliminary results for its 2008 fiscal year and fourth quarter as a result of today's announcement by Harris Stratex Networks (NASDAQ:HSTX). For fiscal year 2008, Harris expects revenue of approximately $5.3 billion, an increase of 25 percent compared to $4.2 billion in the prior year. Organic revenue increased approximately 13 percent compared to the prior year, and new orders were significantly higher than sales. As a result of higher than expected costs and accounting errors as announced by Harris Stratex Networks (HSTX), Harris now expects GAAP net income for fiscal year 2008 of approximately $445 million, or $3.26 per diluted share, and non-GAAP net income of approximately $463 million, or $3.39 per share. Harris Stratex Networks is a 56 percent majority-owned subsidiary of Harris. Previous guidance from Harris did not anticipate the higher costs and accounting errors announced today by Harris Stratex Networks, which will be included in Harris fourth quarter results and have an expected impact of about $.14 per share on a GAAP basis and $.10 per share on a non-GAAP basis. For additional information regarding the Harris financial report, click here...