Terayon - S CDMA player (TERN) Message Board

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Technology Stocks : Terayon - S CDMA player (TERN)

TERN 27.42

+4.2%

1:04 PM EST

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To: silicon warrior who wrote (790)	4/18/2000 5:41:00 PM
From: lml	Read Replies (1) of 1658

Thanks, s-warrior, for the tidbit. Actually, there is present controversy over whether an insider is liable while he possesses material info and trades. So. As a member of the bar I am sure you are familiar with the fact that the law is no stranger to controversy. So long as there are legislators & lobbyists there will always be controversy. This is nothing new. Many think that under present law you're liable only if you USE the info. There is a proposal to change the rule in the pending proposed rulemaking on selective disclosure promulgated by the SEC in March. Who are the "many" you speak of? "USE" is a very loose term. Rule 10b-5 uses the word "trade." I am familiar with other court-made versions of insider trading liability, but we needn't go into them here, do we? My point was just to highlight for those interested how insider trading rules MAY apply to this case based upon the facts that have presented on these boards. I'm not here to argue with you. And any proposals now before the SEC or Congress on insider trading law at this point in time are irrelevant to this matter. I presume you know this, counselor.

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