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<SEC-DOCUMENT>0000950152-97-001478.txt : 19970303
<SEC-HEADER>0000950152-97-001478.hdr.sgml : 19970303
ACCESSION NUMBER:		0000950152-97-001478
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19970228
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		19970228
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HARRIS CORP /DE/
		CENTRAL INDEX KEY:			0000202058
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				340276860
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03863
		FILM NUMBER:		97548615

	BUSINESS ADDRESS:	
		STREET 1:		1025 W NASA BLVD
		CITY:			MELBOURNE
		STATE:			FL
		ZIP:			32919
		BUSINESS PHONE:		4077279125

	MAIL ADDRESS:	
		STREET 1:		1025 W NASA BLVD
		CITY:			MELBOURNE
		STATE:			FL
		ZIP:			32919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HARRIS SEYBOLD CO
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>HARRIS CORPORATION 8-K
<TEXT>

<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549
                                    --------
                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                              --------------------

                        Date of Report (Date of earliest
                       event reported): February 28, 1997
                                        -----------------

                               HARRIS CORPORATION
           ----------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          Delaware                         1-3863                 34-0276860
- -------------------------------   ------------------------   ------------------
(State or other jurisdiction of   (Commission File Number)   (I.R.S. Employer
         incorporation)                                      Identification No.)

           1025 W. NASA Blvd., Melbourne, FL                  32919
    ---------------------------------------------         --------------
       (Address of principal executive offices)             (Zip Code)

       Registrant's telephone number, including area code: (407) 727-9100

                                    No Change
       ------------------------------------------------------------------
         (Former name or former address, if changed since last report.)


<PAGE>   2


Items 1-4.        Not Applicable.

Item 5.           Other Events.
                  -------------

                  On February 28, 1997, Harris Corporation (the "Company")
announced that its Board of Directors formally rescinded its previously
announced stock repurchase plan as a result of the Securities and Exchange 
Commission's interpretation of Staff Accounting Bulletin No. 96 ("SAB 96"). 
SAB 96 limits the circumstances under which companies having stock repurchase 
programs in place will be eligible to use the pooling-of-interest accounting
method when making acquisitions. A copy of the press release dated February 28,
1997, announcing the rescission is filed as an exhibit hereto.

Item 6.           Not Applicable.

Item 7.           Financial Statements and Exhibits.
                  ----------------------------------

(c)               Exhibits.

                  99.      Press Release, dated February 28, 1997.

Items 8-9.        Not Applicable.








                                       2
<PAGE>   3


                                    SIGNATURE

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                               HARRIS CORPORATION


                               By: /s/ Bryan R. Roub
                                  ____________________________
                                  Name:  Bryan R. Roub
                                  Title: Senior Vice President &
                                         Chief Financial Officer

Date:      February 28, 1997






                                       3
<PAGE>   4


                                  EXHIBIT INDEX

  Exhibit No.
   Under Reg.          Form 8-K
  S-K, Item 601        Exhibit No.                   Description
- ----------------     --------------     ---------------------------------------

        99                 1            Press Release, dated February 28, 1997.






                                       4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<DESCRIPTION>EXHIBIT 1
<TEXT>

<PAGE>   1
                                                            EXHIBIT 1


[HARRIS LOGO] HARRIS                                        NEWS

Harris Corporation                                          CONTACT: Jim Burke
Melbourne, Florida 32919                                    Director
407-727-9100                                                Media Relations
                                                            407-727-9126


                      HARRIS DECLARES CORPORATION DIVIDEND;
                      -------------------------------------
                         RESCINDS STOCK REPURCHASE PLAN
                         ------------------------------

         MELBOURNE, Florida, February 28, 1997 -- The Board of Directors of
Harris Corporation today declared a quarterly dividend of 38 cents per share on
the common stock, payable March 19, 1997 to shareholders of record March 11,
1997.

         The Board of Directors has also decided to rescind the previously
announced stock repurchase plan due to the Securities and Exchange Commission's
interpretation of Staff Accounting Bulletin No. 96 (SAB 96). SAB 96 limits the
circumstances under which companies having stock repurchase programs in place
can employ the pooling-of-interest accounting method when making acquisitions.
In 1995, Harris' Board of Directors authorized the repurchase of up to 1.5
million shares of the company's common stock. The company has acquired about
500,000 shares since that time.

         Harris Corporation, with worldwide sales of more than $3.6 billion, is
an international communications and electronics company that provides a wide
range of products and services such as wireless and personal communications,
digital television (HDTV), health care information, multi-media communications,
automotive electronics, transportation, business information, defense
communications and information, and Lanier Worldwide office products.

                                      # # #

Editor's Note: For further information, contact Jim Burke at 407/727-9126 or
jburke@harris.com. Additional information on Harris is also available on the
Internet through our World Wide Web address: http://www.harris.com/
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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