i'm new to discovering telxon (and hence, this particular thread), so my apologies if this has already been noted. there's a brief blurb in sept's issue of _smart money_ which focuses on stocks currently purchased by recently closed mutual funds. tlxn is one along with commerce bancshares, ltv corp, quantum, and midwest express.
quoting: "strong common stock fund...averag[ed] 23 percent over the past five years by investing in small caps. right now, co-manager richard weiss has been adding to his position in telxon corp., a maker of mobile computers and wireless systems, including the hand-held computers car-rental clerks use to print a bill in the middle of a parking lot.
telxon always had good technology, argues weiss, and in the past 13 months its operations were brought up to snuff, too. new ceo frank brick has cut overhead by $44 million and slashed an unwieldy product line of 350 items to a more manageable 100, weiss says. he expects the stock to reach $25." |
