Investor Asher B. Edelman, who made a...

Investor Asher B. Edelman, who made a bid for Telex Corp. before the stock market crash, said he might reduce his $876-million offer for the Tulsa, Okla., computer company. His announcement followed a breakdown of weekend negotiations with Telex on a possible termination of his $65-a-share offer, if the company would pay all his costs. The day after Edelman made his bid Oct. 8, the price of Telex shares zoomed to $70 a share on speculation that a higher offer would emerge. But the price of Telex is now down to about $48.