From Business Wire:
Terayon Expects to Exceed First Quarter Analysts' Expectations for Revenues
and Earnings
SANTA CLARA, Calif.--(BUSINESS WIRE)--March 6, 2000--Terayon Communication Systems, Inc. (Nasdaq:TERN - news) today announced that demand
for its broadband networking systems is stronger than that of the fourth quarter 1999, ended December 31, 1999.
Based on current performance, the Company expects to achieve revenues of $55 million to $57 million and to exceed analysts' consensus estimates for earnings per
share for first quarter 2000.
Terayon Communication Systems provides innovative broadband networking solutions for advanced broadband voice, data and video services. The company's
cable data access systems, digital video systems, and broadband telephony systems are deployed by leading cable operators worldwide. The company's xDSL
access systems deliver innovative telephony and data solutions for the growing SOHO business market. Terayon, based in Santa Clara, California, USA, has sales
and support offices worldwide, and is traded on the Nasdaq under the symbol TERN. Terayon can be found on the web at www.terayon.com.
``Safe Harbor' Statements under the Private Securities Litigation Reform Act of 1995:
Except for the historical information contained herein, this news release contains forward-looking statements, estimates, and assumptions by the Company and other
parties that involve risks and uncertainties, including the Company's ability to gain new business, the expansion of operations by the Company's customers and the
deployment of the Company's products in specific markets, as well as the other risks detailed from time to time in the Company's filings with the SEC.
Note to Editors: Terayon, the Terayon logo, TeraPro, TeraLink, and TeraComm are registered trademarks of Terayon Communication Systems, Inc. TeraView and
CherryPicker are trademarks of Terayon Communication Systems, Inc. All other trademarks are property of their respective owners.
Al |
