TELXON CORP
POS AM, 1994-02-03
COMPUTER INTEGRATED SYSTEMS DESIGN
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<PAGE>   1

     As filed with the Securities and Exchange Commission on June 24, 1992

                                                      Registration No. 33-48838
 ==============================================================================


                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                             ---------------------
                         POST-EFFECTIVE AMENDMENT NO. 1
                                       ON
                                   FORM S-3/A
                             REGISTRATION STATEMENT
                        UNDER THE SECURITIES ACT OF 1933
                             ---------------------
                               TELXON CORPORATION
             (Exact name of Registrant as specified in its charter)


<TABLE>                                              
<S>                                                   <C>                
           DELAWARE                                       74-1666060
(State of or other jurisdiction                        (I.R.S. Employer
of incorporation or organization)                     Identification No.)
</TABLE>

                  3330 WEST MARKET STREET, AKRON, OHIO  44333
    (Address, including zip code, and telephone number, including area code,
                  of Registrant's principal executive offices)

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

                                  DAN R. WIPFF
         President, Chief Operating Officer and Chief Financial Officer
                            3330 West Market Street
                               Akron, Ohio  44313
                                 (216) 867-3700

              (Address, including zip code, and telephone number,
                   including area code, of agent for service)

                                    COPY TO:

                            ROBERT A. GOODMAN, ESQ.
                             Goodman Weiss Freedman
                         100 Erieview Plaza, 27th Floor
                             Cleveland, Ohio  44114
                                 (216) 696-3366   

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

        APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
        At such time after this Registration Statement becomes effective
                as the Selling Stockholders may deem advisable.

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


<PAGE>   2

         If the only securities being registered on this Form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box. _____


         If any of the securities being registered on this Form are to be
offered on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933, check the following box.   X
                                                 _____


                                           CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
                                                                                                                      
======================================================================================================================
                                                        Proposed              Proposed
   Title of                                             Maximum                Maximum
 Each Class of                Amount                    Offering              Aggregate                Amount of
 Securities to                to be                      Price                Offering                Registration
 be Registered              Registered                 Per Share                Price                     Fee     
- ----------------------------------------------------------------------------------------------------------------------
    <S>                        <C>                        <C>                    <C>                      <C>
    Common Stock,
    par value $.01
    per share                  (*)                        (*)                    (*)                      (*)

======================================================================================================================
<FN>
(*)    The Registrant hereby deregisters 303,625 shares, being the unsold portion of the amount
       previously registered for sale.

======================================================================================================================
</TABLE>





                                          -2-
<PAGE>   3

                                   SIGNATURES

       Pursuant to the requirements of the Securities Act of 1933, the
Registrant duly causes this Post-Effective Amendment No. 1 to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of
Cleveland, State of Ohio, on the 26th day of January 1994.

                             TELXON CORPORATION




                             By: /s/ Dan R. Wipff
                                 ---------------------------------------------
                                 Dan R. Wipff, President, Chief
                                 Operating Officer and Chief Financial Officer





                                      -3-


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