<PAGE>
EXHIBIT 99.1
FORM OF PROXY CARD
[TELXON LOGO]
SPECIAL MEETING
NOVEMBER 28, 2000 - 10:00 a.m.
HILTON GARDEN INN
6288 TRI-RIDGE BLVD.
LOVELAND, Oh
PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
FOR THE SPECIAL MEETING OF STOCKHOLDERS TO BE HELD NOVEMBER 28, 2000
The undersigned stockholder hereby appoints John W. Paxton, Sr. and Woody M.
McGee, or any of them, as Proxies, each with the power to appoint his
substitute, and hereby authorizes any of them to represent and to vote, as
provided on the reverse side hereof, all of the Common Stock of Telxon
Corporation which the undersigned, as of October 20, 2000, the Record Date for
the Special Meeting, is entitled to vote at the Special Meeting of Stockholders
to be held on November 28, 2000 or any adjournment or postponement thereof.
IMPORTANT--THIS PROXY IS CONTINUED ON THE REVERSE SIDE.
PLEASE SIGN AND DATE ON THE REVERSE SIDE AND RETURN TODAY.
- FOLD AND DETACH HERE -
THIS PROXY, WHEN PROPERLY EXECUTED AND TIMELY RETURNED,
WILL BE VOTED IN THE MANNER DIRECTED HEREIN
BY THE STOCKHOLDER.
IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
"FOR" ITEMS 1 AND 2.
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TELXON CORPORATION
PLEASE MARK VOTE IN OVAL IN THE FOLLOWING MANNER USING DARK INK ONLY.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" EACH ITEM BELOW.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR AGAINST ABSTAIN
1. Approval and adoption of the merger and the merger [ ] [ ] [ ]
agreement, as amended among Symbol Technologies, Inc.,
TX Acquisition Corporation and Telxon Corporation.
FOR AGAINST ABSTAIN
2. To adjourn the meeting, if necessary, to solicit additional [ ] [ ] [ ]
proxies.
</TABLE>
In their discretion, the Proxies are
authorized to vote upon such other
business as may come before the
meeting.
Date: , 2000
--------------------
Signature(s)
Signature(s)
PLEASE SIGN EXACTLY AS NAME APPEARS
HEREON. JOINT OWNERS SHOULD EACH SIGN.
WHEN SIGNING AS AN EXECUTOR, CORPORATE
OFFICER OR IN ANY OTHER REPRESENTATIVE
CAPACITY, PLEASE GIVE FULL TITLE AS
SUCH.
- FOLD AND DETACH HERE -
YOUR VOTE IS IMPORTANT!
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR"
ITEMS 1 AND 2.
PLEASE SIGN, DATE AND RETURN THE ABOVE PROXY CARD TODAY
USING THE POSTAGE-PAID ENVELOPE PROVIDED, WHETHER OR NOT
YOU EXPECT TO ATTEND THE SPECIAL MEETING.
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DIRECTION FORM
SPECIAL MEETING OF STOCKHOLDERS-NOVEMBER 28, 2000
INSTRUCTIONS FOR VOTING SHARES HELD BY THE CHARLES SCHWAB TRUST COMPANY
("SCHWAB") AS TRUSTEE UNDER THE TELXON RETIREMENT & UNIFORM MATCHING PROFIT
SHARING PLAN (THE "401(K) PLAN")
Pursuant to the 401(k) Plan, I hereby direct Schwab, as 401(k) Plan Trustee, to
vote as provided on the enclosed proxy card, in person or by proxy, at the
Special Meeting of Stockholders to be held on November 28, 2000, or any
adjournment or postponement thereof, all the shares of Common Stock of Telxon
Corporation credited to my Telxon Stock Fund account under the 401(k) Plan
("Plan Shares") as of the October 20, 2000 Record Date for the Special Meeting.
UPON THE PROPER COMPLETION AND TIMELY RETURN OF THIS DIRECTION FORM, YOUR
SHARES WILL BE VOTED IN THE MANNER DIRECTED HEREIN. IF THIS FORM IS NOT
RETURNED OR IS RETURNED BUT WITHOUT DIRECTION BEING GIVEN, YOUR PLAN SHARES
WILL BE VOTED IN THE SAME PROPORTION AS THOSE SHARES FOR WHICH PROPER VOTING
INSTRUCTIONS ARE TIMELY RECEIVED. DIRECTION FORMS MUST BE RECEIVED BY THE
TABULATING AGENT, COMPUTERSHARE INVESTOR SERVICES, LLC, NO LATER THAN
5:00 P.M. EASTERN STANDARD TIME ON NOVEMBER 27, 2000 FOR TABULATION.
IMPORTANT--THIS DIRECTION FORM IS CONTINUED ON THE REVERSE SIDE.
PLEASE SIGN AND DATE ON THE REVERSE SIDE AND RETURN TODAY.
- FOLD AND DETACH HERE -
Schwab and the Tabulating Agent will keep your holdings of Plan Shares and your
voting instructions on this Direction Form strictly confidential. The
accompanying proxy materials have been distributed to you based on information
provided by Schwab to the Tabulating Agent (and not to Telxon). If you also own
Telxon common stock other than through the 401(k) Plan, you must also complete
and separately return a Proxy Card for the voting of those other shares.
<PAGE>
TELXON CORPORATION 401(K) PLAN
PLEASE MARK VOTE IN OVAL IN THE FOLLOWING MANNER USING DARK INK ONLY.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" EACH ITEM BELOW.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
FOR AGAINST ABSTAIN
1. Approval and adoption of the merger and the merger [ ] [ ] [ ]
agreement, as amended among Symbol Technologies, Inc.,
TX Acquisition Corporation and Telxon Corporation.
FOR AGAINST ABSTAIN
2. To adjourn the meeting, if necessary, to solicit additional [ ] [ ] [ ]
proxies.
</TABLE>
In their discretion, the Proxies are
authorized to vote upon such other
business as may come before the
meeting.
Date: , 2000
---------------------
Signature(s)
Signature(s)
PLEASE SIGN EXACTLY AS NAME APPEARS
HEREON. JOINT OWNERS SHOULD EACH SIGN.
WHEN SIGNING AS AN EXECUTOR, CORPORATE
OFFICER OR IN ANY OTHER REPRESENTATIVE
CAPACITY, PLEASE GIVE FULL TITLE AS
SUCH.
- FOLD AND DETACH HERE -
YOUR VOTE IS IMPORTANT!
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" ITEMS 1 AND 2.
PLEASE SIGN, DATE AND RETURN THE ABOVE DIRECTION FORM TODAY USING THE
POSTAGE-PAID ENVELOPE PROVIDED.
