The parent of wireless technology company is considering selling its shares in the firm or other options.

Harris (NYSE: HRS), which is based in Melbourne, Fla., says a variety of options are under consideration. Harris owns 56 percent of Harris Stratex (Nasdaq: HSTX) stock.

Harris Stratex shares traded down 2 cents at $4.10 on Tuesday.

"We will evaluate a number of different alternatives to determine which can provide the greatest value to Harris shareholders," said Howard Lance, chairman and chief executive officer of Harris, in a statement issued after the markets closed Monday. "Alternatives under consideration include a spin-off, split-off, secondary public offering, or a sale of all or part of our shares.

"Harris Stratex Networks has made significant progress since its formation, but we do not believe the business has a strong strategic fit with the rest of the Harris portfolio," he added. "A strong management team is in place and capable of taking the company forward. As the largest independent provider of wireless transmission solutions, the company is positioned for long-term success. Significant investments have been made in new technology platforms to address the global transition to [Internet Protocol] networks, the evolution to [fourth-generation] technologies, and the continuing expansion of wireless infrastructure in emerging markets."

Harris Stratex was formed in January of 2007 through the merger of Harris Microwave Communications and Stratex Networks. In its statement, Harris said it had agreed to “certain limitations on changes in its ownership” of Harris Stratex until Jan. 26 of 2009.

Harris Stratex focuses on high-speed wireless technology to provide network transport for mobile and broadband networks.