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TELXON: SUIT WITHOUT MERIT

 AKRON, Ohio, Sept. 24 /PRNewswire/ -- Telxon Corporation (NASDAQ-NMS: TLXN) today confirmed wire service reports that a derivative shareholder suit had been filed against the company and its directors in Delaware Chancery Court.
 Telxon stated that the allegations are totally without merit and that it intends to vigorously defend the lawsuit. It noted that the items complained of had been disclosed publicly on a regular and timely basis and filed with the Securities and Exchange Commission. After receiving this year's shareholder proxy statement, the shareholders re- elected Robert F. Meyerson and Norton W. Rose to the board of directors by 98 percent of the votes cast at the Telxon
Annual Shareholder Meeting on Aug. 17, 1993. The company also noted that the option grants to non- employee directors claimed in the suit to be improper had been specifically voted upon and approved by the shareholders at Telxon's 1992 Annual Shareholder Meeting.
 -0- 9/24/93
 /CONTACT: Richard J. Gurda, vice president, corporate communications of Telxon Corporation, 216-867-3700/
 (TLXN)


CO: Telxon Corporation ST: Ohio IN: CPR SU:

KL-BR -- CL011 -- 5543 09/24/93 16:19 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
Words:184
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