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Home - TELXON SUES SYMBOL OVER FALSE STATEMENTS
Archived Articles

TELXON SUES SYMBOL OVER FALSE STATEMENTS

by Reily Gregson February 8, 1999
written by Reily Gregson February 8, 1999 Share
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NEW YORK-Telxon Corp., an Akron, Ohio, designer and manufacturer of wireless mobile
information systems for vertical markets, announced Feb. 1 it has sued its primary competitor, Symbol Technologies
Inc., for allegedly engaging in unfair business practices.

Symbol, based in Holtsville, N.Y., develops and
manufactures bar code scanners, handheld computers and wireless local area networks.

Telxon said its lawsuit, filed
in the U.S. District Court for the Northern District of Ohio, charges “Symbol representatives knowingly made
false and misleading statements to Telxon’s customers and prospects.

“These statements include that Telxon is
bankrupt, that a takeover of Telxon by Symbol is imminent, implying that investments in Telxon products would be
lost, and that following such a takeover, Symbol would discontinue servicing Telxon’s product lines.”

Frank
E. Brick, president and chief executive officer of Telxon, said his company won a similar lawsuit against Symbol in
1996 in the same court.

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