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...Increasing use of mobile devices continues momentum in 2001...


Symbol Technologies, a global leader in mobile data management systems,
has announced its results for the fourth quarter and full year ended
December 31, 2000.

Revenue for the fourth quarter ended December 31, 2000, was $414.8
million, 32.7 percent higher than the $312.5 million year-on-year. Net
income, before non-recurring charges associated with the acquisition of
Telxon Corporation, was $23.5 million or $0.17 diluted earnings per share,
compared to $33.5 million, or $0.24 diluted earnings per share
year-on-year.

Net income for the fourth quarter ended December 31, 2000, included
approximately $0.14 per share dilution associated with the operations of
Telxon Corporation. Including non-recurring charges consisting of
restructuring, impairment and merger integration of $113.2 million after
tax, and in-process research and development charges of $87.6 million
after tax, the net loss for the fourth quarter was $177.3 million or $1.26
per share.

Revenue for the year ended December 31, 2000, was $1.450 billion, 27.3
percent higher than the $1.139 billion in the corresponding year-earlier
period. Net income, before non-recurring charges associated with the
acquisition of Telxon Corporation was $131.9 million, or $0.96 diluted
earnings per share compared to $116.4 million or $0.82 diluted earnings
per share in the year-earlier period.

Including non-recurring charges consisting of restructuring, impairment,
merger integration and in-process research and development, the net loss
for the year ended December 31, 2000 was $68.9 million or $0.50 per share.

"We were very pleased with our performance in the fourth quarter and the
full year 2000, particularly the bookings momentum that has continued into
2001," said Tomo Razmilovic, president and CEO. "The integration of
Telxon is proceeding well and we are on track to achieve the synergies we
have targeted. Although conditions can change quickly and dramatically in
the current economic environment, we don't see a softening in our overall
business activity."

"We remain optimistic about Symbol's long-term prospects," said Jerome
Swartz, chairman. "The continuing need of our customers to cut costs,
improve efficiencies, and create new revenue streams coupled with the
increasing use of mobile devices and the ongoing evolution of the hybrid
'brick-and-click' extended supply chain bodes well for Symbol for the
foreseeable future."

An audio report of Symbol's US press tele-conference will be available
indefinitely through the Symbol website at http://www.symbol.com


About Symbol

Symbol Technologies, winner of the USA National Medal of Technology, is a
global leader in mobile data transaction systems, providing innovative
customer solutions based on wireless local area networking for data and
voice, application-specific mobile computing and bar code data capture.
Symbol's wireless information appliances connect the physical world of
people on the move, packages, paper and shipping pallets, to information
systems and the Internet. Today, some 10 million Symbol bar code
scanners, mobile computers and wireless LANs are utilised worldwide in
markets ranging from retailing to transportation and distribution
logistics, manufacturing, parcel and postal delivery, government,
healthcare and education. Symbol's systems and products are used to
increase productivity from the factory floor to the retail store, to the
enterprise and out to the home. Information about Symbol is available at
http://www.symbol.com


NB: This news release contains forward-looking statements based on current
expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially. These risks and uncertainties include price and product
competition, dependence on new product development, reliance on major
customers, customer demand for our product and services, control of costs
and expenses, international growth, general industry and market conditions
and growth rates and general domestic and international economic
conditions including interest rate and currency exchange rate
fluctuations. For a further list and description of such risks and
uncertainties, see the reports filed by Symbol with the Securities and
Exchange Commission. Symbol disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.

Consolidated balance sheets are available on request from Karen Daniell or
Sarah Acton at Brodeur: kdaniell/scaton@uk.brodeur.com

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