Terayon - S CDMA player (TERN) Message Board

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Technology Stocks : Terayon - S CDMA player (TERN)

TERN 41.52

-2.0%

Dec 26 9:30 AM EST

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To: Ben Wa who wrote (356)	3/7/2000 10:06:00 AM
From: Robert Rose	Read Replies (1) of 1658

Tuesday March 7, 9:55 am Eastern Time RESEARCH ALERT - Terayon target raised to $325 NEW YORK, March 7 (Reuters) - Lehman Bros. said on Tuesday that analyst Steven Levy raised the price target of cable modem maker Terayon Communication Systems Inc. (NasdaqNM:TERN - news) to $325 from $125. -- Earnings per share estimates for 2000 were raised to 23 cents a share, up from 13 cents. The 2001 EPS estimates were raised to 60 cents a share, up from 55 cents. -- Terayon said on Monday that stronger-than-expected demand for its high-speed networking systems would result in better first-quarter earnings than analysts had forecast. -- Terayon's better-than-expected performance this quarter can be attributed to strong sales across all product line and all geographic areas. -- Shares of Terayon were up 33 at 262-15/16 in trade on the Nasdaq stock market.

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