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Cash-laden Telxon Corp., the undisputed champion among makers of inventory computers, may be training an eye on possible acquisition targets as it looks to expand beyond the company's traditional markets and product offerings.
Akron-based Telxon has grown rapidly by selling its hand-held computers and their inventory-accounting software to customers that include supermarkets, drugstores and hardware stores as well as the Judicial Council of California, which uses the computers to follow millions of court cases. Now the company wants to market itself as a one-stop provider of computerized information-management systems to a broader customer base.
"We want systems to complete the whole data cycle into the mainframe computer and out again," said Jean Veatch, Telxon's director of investor relations.
Telxon already is developing warehouse inventory and package-tracking systems for customers. Veatch said that besides offering software programs, Telxon wants to expand its offerings of data-transmitting systems and personal computers. Telxon is not interested in making the personal computers but would provide customers with...