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Technology Stocks : Telxon (TLXN)

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To: Jatin Kadakia who wrote (113)	6/24/1997 3:09:00 PM
From: Joe Master	of 378

You seem to have a lot of faith in management which as a group I would refer to as "the group that couldn't shoot straight". Recently they announced a restructuring that would move engineering from Akron to Houston. They offered 60 of 160 engineers a position in Houston. The rest were not offered a job. They said they would pay a certain amount of severence to those who left by 7/21 and then two weeks later said that they would offer no severence to those who left on their own timetable. Then they said they would pay severence and bonuses to those who stayed until Dec. 31 (Originally they said the move would take 18 months (announced in May). So what is it 7 months or 18, severence or no severence. Oh by the way now they say there is no money available for severence at all (unless you were ofered a position and declined). Does any of this make sense? I dont think so and this is the same group that lost over 50% of stockholder value in 1996 and in 1992 or 1993 the same thing happened. I shorted this guy and am very happy. It may be time to do some more. Your dreams of 25+ are a bit far fetched IMO. Joe

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