Telxon (TLXN) Message Board

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Technology Stocks : Telxon (TLXN)

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To: Jatin Kadakia who wrote (98)	6/4/1997 10:44:00 PM
From: Dwane Houghtaling	of 378

I read the credit report with mixed feelings. Its good to know/see the restructuring is working. However, there were serveral things in the credit report I found troubling. > Telxon has a good niche market position offset by its relatively > narrow product focus and the prospect of much larger, broad based > competitors entering its marketplace. S&P doesn't sound real positive but then ... > Sales growth has been strong, averaging over 20% for the past five > years, but overall profitability measures have been mixed ... And > Financial flexibility is adequate, with cash of $45 million on > March 31, 1997 and availability under its $100 million of bank > facilities. However, they end with > OUTLOOK: Negative. > >The various business risks currently faced by the company and the > sustainability of its turnaround efforts remain concerns. Is this overall rather negative outlook the reason for today's fall or was it merely a reflection of the overall market? Is BB- considered a good rating? or rather as gathered merely an adequate rating? Dwane

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