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Technology Stocks : Telxon (TLXN)

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To: James Petersen who wrote (117)	6/25/1997 8:47:00 AM
From: Joe Master	of 378

I was able to find the headline and the summary. I do not subscribe to their service so I was not able to get the full text. NO CASH AT TELXON FOR TAKING EARLY EXIT EMPLOYEES LOSING JOBS DON'T LIKE MIXED SIGNALS ABOUT SEVERANCE POLICY Published on 06/24/97, Article 1 of 40 found. Telxon Corp. workers who are losing their jobs as a result of the company's decision to move its engineering division to Houston were stewing yesterday because of what the company called a misunderstanding over severance benefits. The Fairlawn designer of mobile computers and wireless networks announced May 30 that it would move an unspecified number of engineering and customer support positions to Houston over 18 months. One of the interesting things mentioned in the article was an interview with a few of the engineers affected and they said something to the effect that they planned to take care of themselves and that they were told they would be paid through year end and that they have basically shut-down the engineering functions while they all hunt for jobs. I think we will see some additional changes in the company's plans because they obviously cannot afford to pay 100+ enginners and receive no results. Joe

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