| Business Summary | | Harris
&
Harris
Group,
Inc.
is
a
venture
capital
investment
company,
operating
as
a
Business
Development
Company.
The
Company's
objective
is
to
achieve
long-term
capital
appreciation
from
its
investments.
The
Company
has
invested
a
substantial
portion
of
its
assets
in
private
development
stage
or
start-up
companies
and
in
the
development
of
new
technologies
in
a
broad
range
of
industry
segments.
These
private
businesses
tend
to
be
thinly
capitalized,
unproven,
small
companies
based
on
risky
technologies,
which
lack
management
depth
and
have
not
attained
profitability
or
have
no
history
of
operations.
The
Company
may
also
invest
in
publicly
traded
securities,
including
high
risk
securities
as
well
as
investment
grade
securities.
The
Company
may
participate
in
expansion
financing
and
leveraged
buyout
financing
of
more
mature
operating
companies
as
well
as
other
investments.
As
a
venture
capital
company,
the
Company
invests
in
and
provides
managerial
assistance
to
its
private
investees. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HHGP
is
a
venture
capital
investment
co.
operating
as
a
business
development
company.
The
Company's
objective
is
LT
capital
appreciation,
rather
than
current
income
from
its
investments.
For
the
three
months
ended
3/31/01,
investment
income
increased
58%
to
$192
thousand.
Net
loss
decreased
44%
to
$3.8
million.
Investment
income
reflects
increased
interest
income
and
rental
income.
Net
loss
was
partially
offset
by
a
$1.2
million
loss
on
the
sale
of
investments
vs.
a
$3.8
million
gain. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Harris, 58 Chairman,
CEO | $2.1M | Mel Melsheimer, 61 Pres,
COO, Chief Financial Officer and Chief Compliance Officer | 738K | Rachel Pernia, 42 VP,
Controller, Treasurer, Sec. | 280K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|