Harris Corp. getting out of digital signage/DOOH
Tech giant Harris Corp. recently announced its decision to divest itself of its Broadcast Communications division, which includes is digital signage business, but a company spokesman insists the division is continuing "business as usual."
Harris is perhaps best known within the digital signage space for its InfoCaster suite of digital signage products and its 10-year digital out-of-home network deal with 7-Eleven, but the company is perhaps better known outside of the sector as a multibillion dollar communications company specializing in government, defense and commercial contracts.
According to a May 1 Harris announcement, after the close of this quarter, the company has approved the plan to drop Broadcast Communications. "As a result, current and prior period financial results for Broadcast Communications will be reported as discontinued operations beginning with the fourth quarter of fiscal 2012," the announcement said.
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