TERN shorts are feeling a lot of pain.
After a 15% drop, I'd guess they're feeling anything but pain.
I don't I have any mysterious source in TERN's "middle management" as you claim to have. However, another plausible conclusion to the "information" you have put out is simply that Rogers and Shaw were pleased with TERN's products and thought the company would therefore be a good investment. Also, maybe the guy who left Cablelabs to join TERN liked their business prospects. While boring and less satisfying to CMTO shareholders, it doesn't require a vast conspiracy to be closer to the truth.
It's entirely possible Rogers and Shaw are disinterested in TERN's warrants and simply appreciate their superior technology. It's also entirely possibly Shaw's executive advisor has donated his $20 million windfall to charity.
BTW, you can add WR Hambrecht to the list of analysts who are either "in collusion or brain dead":
WR Hambrecht is no longer with H&Q but since H&Q was among the original underwriters, it certainly would be to his advantage to back anything they did. I'd prefer a new, unattached, backer. And I suspect TERN would, too.
Your efforts seem to have struck a nerve with the folks who follow CMTO on this thread and who are envious of the recent run in TERN's stock. However, I don't think the cable modem biz is a zero-sum game at this point. TERN doesn't have to lose in order for CMTO to win. That's why I own both CMTO and TERN (not to mention NT). Ignore the market at your own peril, and right now the market is saying TERN is more valuable.
I agree there's room for both and I applaud TERN's sales and marketing for the amazing job they've done. If there were Academy Awards for creativity, they'd win, hands down. As for jealousy, that's not the right word. More like indignation.
Based on the level of effort you have made to "expose" TERN et al, my instinct tells me that you are not disinterested in the direction of TERN's stock. If you are the same Pat Mudge who was recently quoted in the WSJ, it wouldn't surprise me a bit if you had something to do with that WSJ piece attacking TERN:
No effort at all. You're dealing with a woman who spent 18 months in Great Britain doing research at the British Museum, Public Records Office (equivalent of our National Archives), the National Library of Scotland, and all the major libraries, including 3 months at St. Andrews. Far from work, when a story begins to unfold it takes on a life of its own. Sort of like a good Grisham novel.
And, no, I don't have any reason to care what TERN's stock does. I've never owned it and never shorted it. In fact, I've never shorted a stock in my life. Wouldn't even know how.
If you are the same Pat Mudge who was recently quoted in the WSJ, it wouldn't surprise me a bit if you had something to do with that WSJ piece attacking TERN:
What piece attacking TERN? How did I possibly miss it? Sorry to disappoint, but my interview was focused solely on JDSU and my history as a shareholder, it had nothing to do with Terayon. Heck, I didn't even get a chance to mention the companies I like, let alone those I didn't.
Since you clearly like Terayon, why don't you use some of your energies to explain why. You can start anywhere you want, but please include their status at CableLabs and the current attitude of their customers regarding DOCSIS deployments. A few phone calls might be in order. An analysis of their modems and available bandwidth in the downstream would be welcome, too.
BTW, what was so sensational about the SEC segments I posted? And where did you come up with the term "scam?" I believe the companies involved are quite forthright about what they're doing. I also believe some of the analysts are equally knowledgeable. And I don't think anyone's brain dead.
However, I do think they think Wall Street --- and folks like you and me --- are.
Pat |
