12.05.2006 17:17:00
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Symbol Technologies Announces Return of $50 Million Plus Interest Related To Smart Media Case
HOLTSVILLE, N.Y., May 12 /PRNewswire-FirstCall/ -- Symbol Technologies, Inc. , and its wholly owned subsidiary, Telxon Corporation, today announced that the Summit County Court of Common Pleas in Ohio has returned approximately $52.6 million. This includes the security deposit that was held by the Summit County Clerk in order for Symbol and Telxon to pursue the successful appeal in the Smart Media case, plus interest. Yesterday, the Court issued an order to release the funds, which were received by Symbol today.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041029/SYMBOLOGO ) About Symbol Technologies
Symbol Technologies, Inc., The Enterprise Mobility Company(TM), is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity. Symbol enterprise mobility solutions integrate advanced data capture products, radio frequency identification technology, mobile computing platforms, wireless infrastructure, mobility software and world-class services programs. Symbol enterprise mobility products and solutions are proven to increase workforce productivity, reduce operating costs, drive operational efficiencies and realize competitive advantages for the world's leading companies. More information is available at http://www.symbol.com/.
For Symbol Technologies: For media information: Patricia Hall Symbol Technologies, Inc. 631.738.5636 patricia.hall@symbol.com For financial information: Lori Chaitman Symbol Technologies, Inc. 631.738.5050 lori.chaitman@symbol.com
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