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NEWS FLASH
2000 - 26 (August 2000) ACQUISITIONS, MERGERS & AGREEMENTS Symbol to Acquire Telxon in a Stock-for-Stock Transaction Symbol Technologies, Inc. announced that it will acquire Telxon Corporation in a stock-for-stock merger that will create a global enterprise in wireless handheld computing systems. Under the terms of the merger, Telxon’s business will be fully integrated into Symbol. The acquisition is expected to result in initial operating efficiencies by eliminating duplicate functions and rationalizing manufacturing facilities and sales offices. The combined company will focus on capitalizing on its complementary technology, product lines, customer bases, and network of partnerships. The transaction is expected to be completed in the fourth quarter of 2000 and is subject to regulatory clearance and approval by Telxon’s shareholders and customary closing conditions. For more information: www.symbol.com/news/pressreleases/pr_finanstock_telxon.html Mobileinfo Comments and Advisory: A marriage between two competitors will consolidate the market and strengthen the duo against Intermec. Broadly speaking, it is good for their customers, even though it will reduce competition. Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures. All trademarks used in this summary are the property of their respective owners. NEWS
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