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Technology Stocks : Terayon - S CDMA player (TERN)
TERN 22.55+8.8%Nov 14 9:30 AM EST
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To: Dan B. who wrote (728)4/17/2000 9:43:00 AM
From: Pluvia  Read Replies (3) of 1658
 
***GOOD MORNIING SHLOMO & ZAKI RAKIB - HOW'S MY FIST?***

I noticed you have been sued for:

(i) Deceiving the investing public regarding Terayon's business, new product capabilities and acceptability as an industry standard technology, foreseeable product demand, growth, operations and the intrinsic value of Terayon common stock;

(ii) Registering and/or selling over $439 million worth of Terayon shares at artificially inflated prices via share-for-share acquisitions of other companies, which acquisitions also allowed defendants to appropriate valuable proprietary technologies previously owned by other companies;

(iii) Allowed Company insiders, several of whom are named as defendants in the suit, to sell over 71,000 shares of their privately held Terayon common stock, during the Class Period, while in possession of materially adverse, undisclosed information, allowing them to reap proceeds of at least $15.9 million; and (iv) caused plaintiff and other members of the Class to purchase Terayon common stock at artificially inflated prices.

Gentlemen we think you represent the cream of the crop in crappy underhanded management.

OUR REPORT WILL BE PRESENTED SHORTLY... STAY TUNED
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