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Technology Stocks : Telxon (TLXN) -- Ignore unavailable to you. Want to Upgrade?

To: Randy Newman who wrote (294)	11/17/1997 8:59:00 PM
From: Jatin Kadakia	Read Replies (1) \| Respond to of 378

Looks like this came out after the close of trading. Hoprfully it will fuel some more buying.... Monday November 17, 4:01 pm Eastern Time Company Press Release SOURCE: Telxon Corporation Court of Appeals Upholds Earlier Court Decision to Dismiss Shareholder Suit Against Telxon AKRON, Ohio, Nov. 17 /PRNewswire/ -- Telxon Corporation (Nasdaq: TLXN - news) announced today that the United States Sixth Circuit Court of Appeals has upheld the summary judgment granted by the United States District Court, Northern District of Ohio in September, 1995 dismissing the consolidated shareholder class action lawsuit against Telxon and other defendants for alleged securities law violations. Though the plaintiffs have the right to seek further appeal or other relief from the decision, the company would not expect the trial court's disposition of the case to be overturned. In addition to Telxon, the defendants that were dismissed from the suit were former president and chief executive officer Raymond D. Meyo and chief operating officer and chief financial officer Dan R. Wipff. Mr. Wipff is currently Telxon's senior executive vice president, manufacturing operations. The company has been represented by Goodman Weiss Miller LLP of Cleveland, Ohio and Skadden, Arps, Slate, Meagher & Flom of New York, New York. Telxon Corporation is a leading global designer and manufacturer of wireless and mobile information systems for vertical markets. The company integrates advanced mobile computing and wireless data communication technology with a wide array of peripherals, application-specific software and global customer services for its customers in more than 60 countries around the world. Telxon's World Wide Web site address is: www.telxon.com.