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Technology Stocks : Telxon (TLXN)

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To: James Petersen who wrote (26)1/22/1997 11:37:00 AM
From: Todd W. Arden   of 378
 
As a frame of reference, if one were to apply the multiple at which Norand
was just taken over at (1.3x revenue), Telxon would be worth approximately
$33 per share. Interestingly enough, based upon my research it appears that
Norand's technology is a step behind both Telxon and Symbol and its installed
base is not nearly as large.

Todd
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