NEW YORK (Standard&Poor's) April 17, 2009--Standard&Poor's Ratings Services Said today that Tyco Electronics Ltd. (BBB-/Negative/A-3) announced preliminary March 2009 financial results, including sales and operating income within anticipated ranges for the quarter, and said it has agreed to sell its wireless systems business to Harris Corp. (BBB+/Stable/A-2) for $675 million. Standard&Poor's said the announcement would have no effect on its ratings on Tyco Electronics or on Harris Corp. Tyco Electronics also said that it would take a noncash goodwill impairment charge in the range of $3.3 billion-$3.8 billion, reflecting significant sales and earnings declines, primarily in its Electronic Components segment. Additionally, the company announced $200 million in restructuring charges and $135 million in charges
