Telxon (TLXN) Message Board

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Technology Stocks : Telxon (TLXN)

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To: James Petersen who wrote (13)	12/31/1996 1:15:00 AM
From: Jatin Kadakia	of 378

James, I am sorry if I did not clarify the numbers. The entire transaction is for 65 MM. Of which 25 MM is for restructuring mainly staff cuts, early retirement and some inventory shuffle(?, too technical for me to understand). The original price of 65 MM includes repayment of intercompany loans (once again, too technical for me?) which I believe is other 5MM. So 65 - 25 - 5 = 35 MM pretax gain from the deal. You can get deatils and CEO's comments on PRNEWSWIRE or REUTERS. Your comment about Aironet appears to be in line with what management is trying to accomplish. They claim to be concentrating on core business of wireless and as a result, I anticipate them to spin off or sell off other non-core businesses. BTW, what is your long term outlook for this company? Thanks and Happy new year! Jatin

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