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To: Tradegod who wrote (90527)	1/10/2000 10:13:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Geez.. I sold 1/3rd my TERN this AM. I better locate the news.

To: Tradegod who wrote (90527)	1/10/2000 10:22:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Were you also referring to the Merrill upgrade?

To: Tradegod who wrote (90527)	1/10/2000 10:26:00 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

10 Jan 7:33 By Dean Takahashi SANTA CLARA, Calif. (Dow Jones)--Terayon Corp. (TERN), a maker of cable modems and other high-speed data equipment, told Dow Jones that it expects to announce a major customer Monday and that it is comfortable with analysts' estimates for its fourth-quarter financial results. Zaki Rakib, chief executive of Terayon, said the company expects to announce that Wharf Communications Ltd., owner of Hong Kong Cable, plans to use Terayon's cable modems and equipment for its centralized cable-broadcasting centers, known as head ends. Rakib said the deal could lead to hundreds of millions of dollars in revenue for Terayon over the next five years as cable modems, which provide Internet access to computer users at high speeds, take off. To date, Terayon has shipped about 300,000 cable modems in the last two years, garnering a 10% market share for the company, Rakib said. Rakib said the strong sales of cable modems helped make the fourth quarter a success. The company reports formal results on Jan. 18, but Rakib said he is comfortable with analysts' estimates that the company will report revenue of $28 million and lose about 14 cents a share for the fourth quarter. A year ago, Terayon reported a fourth-quarter loss of $5.4 million, or 33 cents a share, on revenue of $12.9 million. Besides expanding in the cable-modem business, Rakib said that Terayon will establish itself as a "broadband communications company," or one focused on high-speed communications gear. The company has spent about $250 million on communications-related acquisitions so far, and Rakib said he expects to make more. The acquisitions to date - video-technology company Imedia Corp., voice-technology company Telegate Ltd., and high-speed Internet company Radwiz Ltd. - have been aimed at expanding the company's ability to make equipment that transfers video and voice over cable TV lines more quickly. Cable-modem revenue is currently about 70% of the company's business. Rakib said his goal is to expand the cable-modem business, which competes with companies such as Motorola Inc., from 10% of the market to 20% by 2001. The company went public in August 1998 at $13 a share. Friday, shares of Terayon closed at 57 9/16, down 15/16 or 1.6%, on the Nasdaq Stock Market. The company was formed by two brothers, Zaki and Shlomo Rakib, in 1993. It has 350 employees. -Dean Takahashi; 415-765-6117 (END) DOW JONES NEWS 01-10-00 07:33 AM