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Harris sales, losses rise

Democrat and Chronicle

(Thursday, January 31, 2002) -- Harris Interactive Inc. posted larger sales -- and larger losses -- in its second quarter, which ended Dec. 31. Stock in Harris Interactive on Wednesday fell 20 cents to close at $3 a share.

Sales at the Brighton based researcher rose to $24.8 million. That includes $7.6 million from two months of operations at Total Research, which merged with Harris Interactive on Nov. 1. Sales in the same period a year before were $14.53 million.

Net losses rose to $10.51 million, or 23 cents a share. That compares to $5.96 last year. The results included a restructuring charge of $6.2 million, partly because of the costs of consolidating two telephone survey centers. The company expects to turn a profit its fourth quarter, ending in June.

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