Symbol Technologies, Inc. (Working Proof)

Symbol Technologies, Inc. (Working Proof)
Item# 4287symbol

Symbol Technologies, Inc. (Working Proof)

This item is an extremely rare American Bank Note Company working proof for a Symbol Technologies stock certificate.

Reference:   Working proofs were used during the American Bank Note pre-production process. Each piece details the intricacies of the old fashioned cut-and-paste method in which the designs were developed. The proof was subsequently circulated amongst American Bank Note Company officials and the executives of the customer (in this case Symbol Technologies) for editing and approval. The markings from this process are evident on the layers of the proof and the distribution board as detailed by the images below. Once the approval and editing process was completed, the mass production of the certificate occurred for distribution to eventual shareholders. This unique item offers a glimpse into the bank note approval and printing process.

Item Contents:   Working proof (1 piece), mounted on a cardboard backing.
Presentation:   This item is presented on an oversized, rigid hard board that measures 12 1/2" (w) x 9 1/4 (h).
Proof Sheet:   The main proof (pictured above) is a xerox of an original specimen, and is covered by a clear layer (tissue sheet) with the working markings from the editing process. Other original markings appear directly on the proof sheet.

Cardboard Backing:   The outside of the cardboard backing also contains approval notations as shown below:

Company History:   This company was founded in 1973 in New York by Dr. Jerome Swartz and venture partner Sheldon Harrison. At that time, the company focused on handheld laser based scanning of bar codes. Under Dr. Swartz's leadership the company became a leader in handheld laser bar code scanning devices which are commonly seen at point of sale registers. The company focused heavily on the retail industry and began to get involved in inventory management. These activities typically required people to scan items at where they are stored and as such needed to be mobile. Symbol began to make small computers that could store data scanned to take inventory counts remotely and then upload the information gathered to a host system. This was the rationale for the purchase of MSI - a mobile computer company that was headquartered in southern California. The mobile computers being manufactured at the time relied on static memory (in this case SRAM) for execution space and general storage. SRAM was extremely expensive and the team determined that it would be an improvement to use a radio to allow the mobile computer to be unteathered but connected to the host system. A thin client architecture was adopted in conjunction with a spread spectrum radio network.

The Enterprise Mobility Management market was dominated by Symbol Technologies and Telxon, Inc. Most notably, these two companies serviced major retailers such as Wal-Mart, Kroger, Safeway, Federated and others. A notable turning point occurred in 1994 with a competition for business at Kroger. Symbol Technologies and Telxon were operating radio networks in the 2.4 GHz ISM bands. IEEE 802.11 was not yet ratified, so Symbol and Telxon were free to define competing standards of communication at this frequency band. Symbol settled on frequency hopping as the most robust, agile and interference-tolerant approach to data communications while Telxon selected direct sequence technology which they felt afforded higher transfer speeds with adequate interference immunity. Kroger ordered a head-to-head comparison test. Ultimately and not decisively, Kroger chose Telxon. At about the same time, the IEEE decided to adopt the direct sequence approach in its IEEE 802.11b standard.

The ratification of IEEE 802.11b was a huge blow to the Symbol team which now had to reconfigure and engineer a direct sequence radio system. This was accomplished with great pains and IEEE 802.11b became a reality in the industrial and commercial markets far before the radios were available to the consumer market. The addition of a radio to a mobile device was roughly estimated to have a real value of between $500 and $1000 per unit. This was paid by enterprise class customers that desperately needed this feature to accomplish their operations.

Later on Symbol would start to sell the radios as PC Cards as a stand alone product to various OEMs and private label customers. These included 3Com, Nokia and Intel. The Symbol team had a firm but temporary grip on the IEEE 802.11b market. Telxon was suffering from lower prices being pushed into the market for handheld computers and was treading on dangerous ground related to their ability to cover costs. In the meantime, Intel, Apple Inc. and Cisco were looking at the technology to see how they would use this to their commercial advantage. Cisco investigated the acquisition of various manufacturers of wireless gear to augment their commanding position in the wired infrastructure field. Cisco performed due diligence with both Symbol and Telxon, deciding to purchase the Aironet component of Telxon that designed and manufactured the radios. The Cisco purchase of Telxon's Aironet division marked the inflection point of the market moving from a specialized, esoteric market to a mass consumer and enterprise market. In June 1998, Telxon rejected a hostile takeover bid of $668 million made by Symbol. The ensuing proxy battle lasted two years, and in December 2000 Symbol was able to complete the takeover at a much lower price of $465 million. In 2004 Symbol acquired Matrics, helping the company to push further into the RFID field.

On January 9, 2007, Symbol was acquired by Motorola for $3.9B.

    - from:
State Affiliations:   NY-New York

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All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.