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Technology Stocks : Telxon (TLXN)

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To: Merrill Ericson who wrote (58)	4/24/1997 2:55:00 PM
From: Merrill Ericson	of 378

Conversation with Telxon Investor Relations. I spoke today with Alex Csiszar (330)664-2961 of Telxon's Investor Relations. As a summary, he said that since Frank Brick has taken over as CEO, the company has been actively working on building the company into a billion dollar company. It is doing this by focusing on core competencies and restructuring or selling off those divisions that do not fit directly into those core competencies. As far as earnings are concerned, he said they will report 4th quarter (ending in March) and '97 year end earnings on May 20th. As far as fiscal '98 goes, current street estimates are at .85 to 1.00 per share. He said the company is comfortable with the higher end of those estimates. I also asked if there has been any consideration of spinning off Aironet. He said that issue has been addressed publicly and that they are taking an "in depth" look at the idea and considering what will be in the best interests of shareholders long term. He mentioned that they are also considering spinning off a portion of Aironet (say 25%) and maintaining a controlling interest. He said that to expect some sort of news on a decision should be out within 6 months.

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