Telxon (TLXN) Message Board

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Technology Stocks : Telxon (TLXN)

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To: James Petersen who wrote (24)	1/10/1997 8:42:00 AM
From: Todd W. Arden	of 378

James This company is in the process of an extensive restructuring that may take several quarters to fully implement. Frank Brick has articulated a plan that calls for up to $40 million in annual savings at both the gross margin and SG&A line. Furthermore, SKU's are being cut from over 5,000 to a very manageable 250. With these changes taking place, it appears that the value of the parts will be derived rather quickly. Along with this, the company is expected to turn profitable by the FYE (March quarter) and be on a $1.00 to $1.25 run rate for FY98. Taking into account all of these factors as well as an extremely oversold condition, TLXN is still very attractive at these levels. Todd

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