23 June 1998
agreements fortify Symbol's leadership in market that is
expected to triple in three years
Symbol Technologies has today announced that recent
contracts for its wireless local area network mobile
computing systems will produce more than $40 million in 1998
revenues in a dynamic market that industry analysts expect
to triple in size in three years.
These contracts include new business with CVS Corporation
(NYSE:CVS), the USA's largest retail drug store chain with
4,100 stores, and with Marks & Spencer, the UK's leading
department store chain with 323 European-based stores.
Symbol will install its Spectrum24® wireless infrastructure
and mobile hand-held computers to enhance customer service
and increase accuracy and efficiency for each customer.
"Our Spectrum24 wireless technology improves store
operations," said David Yeh, vice president and general
manager of Symbol's wireless systems division. "For
instance, workers can instantly check an item's inventory
and ordering history by scanning it; a query to the store's
host computer is instantly transmitted over the Spectrum24
network and the computer responds back to the worker with
detailed item information."
Tomo Razmilovic, president and chief operating officer,
Symbol Technologies comments, "We're seeing tremendous
growth in our wireless LAN business across a range of
markets. Spectrum24 supports both data and voice
communications devices so customers who invest in the
technology reap long-term value. Many customers outside of
retailing have chosen this strategic solution for
flexibility and competitive advantage including the New York
Stock Exchange and Boeing Corporation."
Notes to Editors
Wireless LAN Market to Triple In Three Years
According to the Business Research Group (BRG) Cahners
In-State Group located in Newton, Massachusetts, USA, the
wireless LAN market will triple in growth by the year 2001.
Symbol sells its wireless infrastructure and supporting
mobile computers to a number of global customers including
retailers, manufacturers, trucking companies, parcel and
post providers, and the healthcare and education markets.
About Symbol Technologies
Symbol Technologies is the world leader in bar code-driven
data transaction systems with more than 6 million scanners
and hand-held computers and over 30,000 wireless LANs
installed. The company designs, manufactures and markets bar
code scanning equipment, application-specific handheld
computers and wireless network products and systems that are
used as strategic building blocks in solutions in retail,
package and parcel delivery, manufacturing, warehousing and
distribution, healthcare and other industries. Customer
information is available from Symbol Technologies at
1-800-SCAN-234 and at http.//www.symbol.com.
Please see the Press Centre on the Brodeur A Plus web-site
at http://www.brodeuraplus.com for the latest news
This press release was distributed by ResponseSource Press Release Wire on behalf of Pleon in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.