I think they are propping up CMTO! LOL
Seriously there were more posters from the cmto boards here Geof than TERN shareholders. TERN shareholders just remained relatively quiet and let the stock price speak for itself.
I sold TERN at 70 (don't be impressed I took a loss at that price)....but have been watching it closely. There are active posters on RB who posted about Mainsail. For lurkers out there...the PR is posted below.
Geof...what else do you like? I sold a couple of other stocks and got myself in a cash position.......am thinking of putting it back into the market mid aug......what do you like?
Merylee
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Terayon Agrees to Buy Mainsail Networks for $163.8 Million
Santa Clara, California, Aug. 1 (Bloomberg) -- Terayon Communication Systems Inc., the No. 2 maker of modems for cable- TV lines, agreed to buy closely held Mainsail Networks Inc. for about $163.8 million in stock to add networking gear.
Terayon will issue 3.2 million shares for Fremont, California-based Mainsail. The transaction will close in the fourth quarter, the company said.
Shares of Terayon, based in Santa Clara, California, fell 3/16 to 51 3/16 on the Nasdaq National Market.
Mainsail's gear helps deliver phone calls, data and video on the same high-speed connection, a process that lowers costs for telecommunications service-providers. Terayon, best known for its cable equipment, wants to boost sales of products used to transmit information through copper telephone lines and fiber- optic networks.
Terayon shares have more than doubled in the past year.
Aug/01/2000 16:55 ET
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