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TELXON REPORTS RECORD-SETTING FY92 THIRD-QUARTER REVENUE; RISE IN NET INCOME

 TELXON REPORTS RECORD-SETTING FY92 THIRD-QUARTER REVENUE;
 RISE IN NET INCOME
 AKRON, Ohio, Jan. 20 /PRNewswire/ -- Telxon Corporation (NASDAQ/NMS: TLXN) broke revenue records for the second straight quarter, reporting revenue of $53.2 million for the company's third quarter of fiscal 1992 ended Dec. 31, 1991, up 11 percent over revenue of $48.0 million for the third quarter of fiscal 1991.
 Income after tax and before extraordinary items for the fiscal 1992 third quarter was $4.0 million, or $.28 per share, up 8.3 percent over last year's $3.7 million, or $.27 per share.
 Net income for the quarter was $4.5 million, or $.31 per share, a 5.8 percent rise compared with $4.2 million, or $.31 per share, a year ago.
 Results for the fiscal 1992 third quarter include extraordinary income of $460,000, or $.03 per share, from the utilization of tax carryforwards. The fiscal 1991 third quarter includes extraordinary income of $520,000, or $.04 per share, as a result of the company's October 1990 purchase of $2.2 million of its subordinated convertible debentures.
 For the first nine months of fiscal 1992, Telxon reported income after tax and before extraordinary items of $10.8 million, or $.77 per share, on revenue of $154.9 million. A year ago, income after tax and before extraordinary items for the nine months was $8.2 million, or $.61 per share, on revenue of $133.4 million.
 Net income for the nine months of fiscal 1992 was $11.8 million, or $.84 per share, compared with $12.6 million, or $.94 per share during the same period last year.
 Extraordinary income for the nine months of fiscal 1992 was $1.0 million, or $.07 per share, from the utilization of tax carryforwards. In the year-ago period, extraordinary income was $4.0 million, or $.30 per share, as a result of the purchase of its convertible debentures and $355,000, or $.03 per share, from the utilization of tax carryforwards.
 Significant during the third quarter was the company's introduction of POSXPRESS(TM), a unique family of wireless, portable point-of-sale (POS) computers. "Telxon has had a tremendous response to POSXPRESS," said Raymond D. Meyo, Telxon president and chief executive officer. "A first in the industry, POSXPRESS gives our retail customers check-out function flexibility that's never been offered before, and allows us to expand our systems solutions offerings even further."
 Meyo also said that the company has revised its earlier revenue growth estimates for fiscal 1992 and is now expecting revenue growth for the year to be in the 14 to 18 percent range over last year's $184.6 million.
 Telxon is the world's leading manufacturer of portable hand-held computer systems. Telxon Portable Tele-transaction Computers (PTCs) gather, process and store on-site real-time data which is communicated to a host computer. These systems incorporate the company's proprietary operating and applications software, associated peripheral equipment and communications devices.
 Telxon's executive and engineering offices are located in Akron, Ohio; it has a manufacturing facility in Houston; and customers are served by more than 50 sales and service offices worldwide.
 Telxon Corporation and Subsidiaries
 CONSOLIDATED STATEMENT OF INCOME -- (Unaudited)
 Three Months
 Ended December 31,
 1991 1990
 Revenues $53,249,000 $47,976,000
 Income before extraordinary
 items $3,992,000 $3,687,000
 Net income $4,452,000 $4,207,000
 Average shares outstanding 14,149,000 13,480,800
 Earnings per share:
 Income before extraordinary
 items $.28 $.27
 Net income per share $.31(A) $.31(B)
 (A) -- F92 Q3 includes extraordinary income of $460,000, or $.03 per share, from the utilization of tax carryforwards.
 (B) -- F91 Q3 includes extradordinary income of $520,000, or $.04 per share, as a result of the October 1990 purchase of $2.2 million of its subordinated convertible debentures.
 Nine Months
 Ended December 31,
 1991 1990
 Revenues $154,868,000 $133,384,000
 Income before extraordinary
 items $10,798,000 $8,196,000
 Net income $11,816,000 $12,596,000
 Average shares outstanding 14,011,000 13,386,700
 Earnings per share:
 Income before extraordinary
 items $.77 $.61
 Net income per share $.84(A) $.94(B)
 (A) -- F92 Q3 includes $1.0 million, or $.07 per share, from the utilization of tax carryforwards.
 (B) -- F91 Q3 includes $4.0 million, or $.30 per share, as a result of the purchase of its convertible debentures and $355,000, or $.03 per share, from the utilization of tax carryforwards.
 Telxon Corporation and Subsidiaries
 CONSOLIDATED BALANCE SHEET -- (Unaudited)
 December 31, March 31,
 1991 1991
 Current assets $158,433,000 $137,759,000
 Total assets $187,803,000 $166,588,000
 Current liabilities $39,275,000 $35,730,000
 Stockholder's equity $120,119,000 $102,163,000
 -0- 1/20/92
 /CONTACT: Dan R. Wipff, chief operating officer and CFO, or Julie L. Ganim, vice president of corporate development both of Telxon Corporation, 216-867-3700 or 800-800-8001/
 (TLXN) CO: Telxon Corporation ST: Ohio IN: TLS SU: ERN


KK -- CL008 -- 1480 01/20/92 15:02 EST
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