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Technology Stocks : Terayon - S CDMA player (TERN) -- Ignore unavailable to you. Want to Upgrade?

To: LBstocks who wrote (209)	10/20/1999 11:38:00 AM
From: Marc Schiler	Read Replies (1) \| Respond to of 1658

Where did the TERN thread go? I show a multitude of messages up to Oct. 13, followed by complete silence.

To: LBstocks who wrote (209)	10/21/1999 11:31:00 AM
From: LBstocks	Respond to of 1658

Oscar Gruss Initiates Coverage on Terayon Communication Systems with a Buy Recommendation NEW YORK, Oct. 21 /PRNewswire/ -- The following is being issued by Oscar Gruss & Son Incorporated, a member of the National Association of Securities Dealers, CRD number 2091: Oscar Gruss & Son Incorporated initiates coverage on Terayon Communication Systems (TERN-NASD-$40 3/8), Santa Clara, California, with a Buy recommendation and a price target of $54 per share for the next 12 months. In a basic report, Ayelet Oron, equity analyst at Oscar Gruss, provides an analysis of Terayon, a major provider of cable modem systems, with a 13% to 15% market share. Oscar Gruss believes that Terayon will benefit from its dominant role in setting up the advanced physical layer of the next generation DOCSIS standard, which will support both TDMA and Terayon's unique S-CDMA technology. Additionally, Terayon is well positioned to capitalize on the coming convergence era of the cable modem industry, through its technological capabilities and recent acquisitions. Clients of Oscar Gruss wishing to get a copy of this report should contact their broker. Investment Ratings: STRONG BUY: expected total annual return of greater than 25% over the next 12-18 months; BUY: expected total annual return in the range of 15-25% over the next 12-18 months; SPECULATIVE BUY: stock for investors who can afford higher risks; expected total annual return of greater than 25% if anticipated contingencies materialize over the next 12-18 months with the potential for high return volatility. lower or negative total annual returns in this time period may be possible; LONG TERM ACCUMULATE: expected total annual return in the range of 10-20% if anticipated contingencies materialize over the next 12-18 months or longer; HOLD: stock is fairly valued and may provide returns which approximate returns expected from its peer group in the equity markets over the next 12-18 months, or perhaps less. Other factors considered in the Investment Ratings may include, but are not limited to, the company's risk profile, including earnings predictability, financial position, industry position, technology and product risks, management strengths, and other factors. The required annual return for a specific Investment Rating will be increased for stocks with greater financial, business, and/or earnings risk. This report is based upon information which Oscar Gruss & Son Incorporated (Oscar Gruss) believes to be reliable, However, neither Oscar Gruss nor any individual acting on the behalf of Oscar Gruss can guarantee the accuracy or completeness of its contents. It does not purport to contain a complete analysis of every material fact concerning any company, industry or security. Oscar Gruss assumes that it will be read in conjunction with other available reports and data. Opinions expressed herein are subject to change without notice. No investor can assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Oscar Gruss makes a market in this security, and may have a long or short position in this security. Oscar Gruss and/or their employees and affiliates may have positions in securities which are referred to herein and may make purchases or sales thereof while this report is in circulation, Oscar Gruss or one of its affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from a company mentioned in this report. Further information is available upon request. Foreign-currency-denominated securities are subject to fluctuations in currency exchange rates that could have a positive or adverse effect on an investor's return upon the conversion into local currency of dividends or interest received, or proceeds from the sale of such securities. In addition, the value of U.S. dollar-denominated ADRs and the value of U.S. dollar-denominated ordinary shares, or common shares, of foreign issuers can be influenced by fluctuations in currency exchange rates. SOURCE Oscar Gruss & Son Incorporated /CONTACT: Oscar Gruss & Son, Inc., 212-514-2300/ /Web site: oscargruss.com