BAR CODE FIRM SELLS PART OF LINE.Byline: Ben Sullivan Daily News Staff Writer Eltron International Inc. said Tuesday Tuesday: see week. that it has sold the bulk of its bar code scanner A device specialized for reading bar codes and converting them into either the ASCII or EBCDIC digital character code. Pen scanners, also known as wand scanners, were the first type of bar code scanner developed in the 1970s. business to Irvine-based Printronix Inc. for $2.9 million. Shares of Simi Valley-based Eltron rose $1.31 on the news to close at $31. With the purchase, Printronix will acquire Eltron's RSJ RSJ Robotics Society of Japan RSJ Rolled Steel Joist(s) RSJ Rectosigmoid Junction line of bar code scanning equipment. Eltron bought RSJ in 1996 to gain access to the industrial bar code printer market. While retaining the printer end of the RSJ line, it will hand over the division that makes the scanners that read bar codes. ``It certainly makes sense for Eltron,'' said Steven DeLuca, an analyst at BancAmerica Robertson Stephens. ``The (scanner (1) See also antivirus program. (2) An optical device that reads a printed page or transparency and converts it into a graphics image for the computer. The scanner does not recognize or differentiate in any manner the content of the material it is scanning. ) business is good, but it's not part of their core.'' Eltron makes and sells bar code, plastic card and other industrial printers to businesses. |
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