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TELXON REPORTS THIRD-QUARTER RESULTS

 AKRON, Ohio, Jan. 18 /PRNewswire/ -- Telxon Corporation (NASDAQ/NMS: TLXN), the world leader in portable microcomputer and wireless data communications systems, reported revenue of $48.9 million for the third quarter of fiscal 1993 ended December 31, 1992, compared with $53.2 million for the third quarter of fiscal 1992.
 The company reported a loss after tax and before extraordinary items for the fiscal 1993 third quarter of $9.1 million, or $.63 per share, compared with last year's third-quarter income after tax and before extraordinary items of $4.0 million, or $.28 per share. The net loss was $9.1 million, or $.63 per share, compared with last year's third-quarter net income of $4.5 million, or $.31 per share.
 Extraordinary income for last year's third quarter was $460,000, or $.03 per share, from the utilization of tax carryforwards.
 Dan R. Wipff, Telxon president and chief operating officer, said that the fiscal 1993 third-quarter results included approximately $12 million in unusual items. "Many of these non-recurring costs are directly attributable to implementation of our new business strategy, which will allow us to enter a number of new markets," he said. Unusual expenses include approximately $4 million for inventory obsolescence and costs associated with lower sales volumes. Also included in the unusual items for the quarter were pre-tax charges of $3.5 million for severance and consulting agreements for Raymond D. Meyo, former president and chief executive officer.
 He noted that excluding the unusual items, operating income was at an approximate break-even level for the quarter.
 Wipff also explained that the company is actively investigating a number of product integration, distribution, service, networking and vertical market opportunities. As of December 31, 1992, the company acquired an additional 30 percent equity for $3 million in Teletransaction Corporation Inc., owner of certain technology, product development and design rights related to workslate-based technology and systems. Subsequently, Telxon has agreed to acquire during the fourth quarter of fiscal 1993 the remaining 55 percent of Teletransaction for approximately $3.6 million in cash and 720,000 shares of Telxon common stock, which will be restricted during the next three years.
 Wipff affirmed the company's December 15 projections of revenue in the $235 to $242 million range for fiscal year 1993 ending March 31, 1993, with a small loss to break-even for the year.
 Telxon Corporation is the leading provider of complete hand-held data collection systems and communications products worldwide. The company integrates advanced Portable Tele-transaction Computers (PTCs) with real-time communication technology, bar code scanning and application software -- combined with the highest levels of service and support -- to offer customers in retailing, warehousing, manufacturing, distribution, logistics and a variety of industries complete data collection solutions. Telxon's executive and engineering offices are located in Akron, Ohio; its manufacturing facility is in Houston. Over 6,000 customers around the world are served by more than 50 sales and service offices.
 Telxon Corporation and Subsidiaries
 CONSOLIDATED STATEMENT OF INCOME -- (Unaudited)
 Three Months
 Ended December 31,
 1992 1991
 Revenues $48,910,000 53,249,000
 Income (loss) before extraordinary
 item $ (9,127,000) $3,992,000
 Net income (loss) (9,127,000) 4,452,000
 Average shares outstanding 14,557,000 14,149,000
 Earnings per share:
 Income before extraordinary
 item $(.63) $.28
 Net income (loss) per share $(.63) $.31(A)
 (A) -- F92 Q3 includes extraordinary income of $ 460,000, or $.03 per share, from the utilization of tax carryforwards.
 Nine Months
 Ended December 31,
 1992 1991
 Revenues $182,702,000 154,868,000
 Income (loss) before extraordinary
 item $ (1,251,000) $10,798,000
 Net income (loss) (1,251,000) 11,816,000
 Average shares outstanding 14,572,000 14,011,000
 Earnings per share:
 Income before extraordinary
 item $(.09) $.77
 Net income (loss) per share $(.09) $.84(A)
 (A) -- First nine months of F92 includes extraordinary income of $1,018,000 or $.07 per share, from the utilization of tax carryforwards.
 Telxon Corporation and Subsidiaries
 CONSOLIDATED BALANCE SHEET
 December 31 March 31,
 1992 1992
 (Unaudited)
 Current assets $147,372,000 $162,477,000
 Total assets $201,323,000 $199,162,000
 Current liabilities $38,295,000 $45,261,000
 Stockholder's equity $131,958,000 $124,398,000
 -0- 1/18/93
 /CONTACT: Julie L. Ganim, vice president, corporate development, Telxon Corporation, 216-867-3700; or Mark Metzger or Jack Jackson of Miller Communications, 617-536-0470, for Telxon Corporation/
 (TLXN)


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

BM -- CL011 -- 5981 01/18/93 16:05 EST
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Date:Jan 18, 1993
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