Is telxon still in business

Answer 1

Telxon was suffering from lower prices being pushed into the market for handheld computers and was treading on dangerous ground related to their ability to cover costs. In the meantime, Intel, Apple Inc. and Cisco were looking at the technology to see how they would use this to their commercial advantage. Cisco investigated the acquisition of various manufacturers of wireless gear to augment their commanding position in the wired infrastructure field. Cisco performed due diligence with both Symbol and Telxon, deciding to purchase the Aironet component of Telxon that designed and manufactured the radios. The Cisco purchase of Telxon's Aironet division marked the inflection point of the market moving from a specialized, esoteric market to a mass consumer and enterprise market.

In June 1998, Telxon rejected a hostile takeover bid of $668 million made by Symbol.[3][4] The ensuing proxy battle lasted two years, and in December 2000 Symbol was able to complete the takeover at a much lower price of $465 million.[5][6][7]