8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): November 30, 2000

                           SYMBOL TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)

                                    Delaware
                 (State or other jurisdiction of incorporation)

       1-9802                                          11-2308681
(Commission File No.)                      (IRS Employer Identification No.)


                     One Symbol Place, Holtsville, NY 11742
                    (Address of principal executive offices)

                                  631-738-2400
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)










ITEM 2. ACQUISITION OF ASSETS

     On November 30, 2000, Symbol Technologies, Inc. ("Symbol") completed the
acquisition of Telxon Corporation ("Telxon") through a merger of Telxon with a
wholly owned subsidiary of Symbol. In the merger, each outstanding share of
Telxon common stock was converted into the right to receive 0.5 of a share of
Symbol common stock. Reference is made to Symbol's Registration Statement on
Form S-4 (File No. 333-44202) for further information regarding the merger. A
copy of the press release announcing the consummation of the merger is filed as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by
reference.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     It is impracticable for Symbol to file the financial statements and
information required by Items 7(a) and (b) of the General Instructions to Form
8-K at this time. Symbol will file such financial statements and information as
soon as practicable and in any event no later than the date on which Symbol is
required to file such statements and information pursuant to Items 7(a)(4) and
7(b)(2) of the General Instructions to Form 8-K.

(c)      Exhibits

         99.1     Press Release of Symbol dated November 30, 2000 announcing
                  completion of the acquisition.









                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated: December 1, 2000

                                      SYMBOL, INC.

                                      By: /s/ Kenneth V. Jaeggi
                                          -------------------------------
                                          Kenneth V. Jaeggi
                                          Senior Vice President-Finance and
                                          Chief Financial Officer

EX-99.1

                                                                    EXHIBIT 99.1

For immediate release

     SYMBOL TECHNOLOGIES COMPLETES ACQUISITION OF TELXON

     HOLTSVILLE, N.Y., Dec. 1, 2000 -- Symbol Technologies (NYSE: SBL) announced
that its acquisition of Telxon (NSDQ:TLXN) in a stock-for-stock merger was
completed after the close of business last night. The acquisition creates a
global leader in wireless handheld computing systems across many industries and
vertical applications.

     Under the terms of the agreement, Telxon shareholders will receive 0.50 of
a share of Symbol common stock for each share of Telxon common stock. As a
result, Symbol will issue approximately 8.8 million new common shares to
existing Telxon shareholders and reserve up to an approximate 1.7 million shares
to cover stock options with an average post-merger exercise price of
approximately $28 per share. Also, Telxon has $24.4 million principal amount
outstanding of convertible debentures with a post-merger conversion price of
$53.50, and $82.5 million principal amount outstanding convertible notes with a
post merger conversion price of $55.00 per share.

     Telxon's business will be operated as a wholly-owned subsidiary although
portions of its operations will be consolidated with Symbol in order to obtain
operating efficiency and synergy of at least $75 million annually from
eliminating duplicate functions, rationalizing manufacturing facilities and
sales offices and realizing purchasing, sales, manufacturing and other
efficiencies.

     Before one-time transaction costs, the acquisition is expected to be
approximately neutral to Symbol's earnings per share in 2001 and significantly
accretive thereafter as the synergies and efficiencies are realized.

     Symbol Technologies, Inc., winner of this year's 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 utilized 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 www.symbol.com and 1-800-722-6234.

     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.

                                      # # #

For financial information:                     For press information:

   Kenneth Jaeggi                                 Doug Picker
   Symbol Technologies, Inc.                      Symbol Technologies, Inc.
   631-738-3909                                   631-738-4699