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


To: StockDung who wrote (549)4/12/2000 4:26:00 PM
From: Bob Rudd  Read Replies (1) | Respond to of 1658
 
Transfer of power? Today, in the wake of Pluvia's report this dropped $1.2 Billion in market cap on a day when 4 major sell-side analysts reiterated buys, strong buys, and price targets 2x current levels:
4/12/00 Lehman Terayon Comm Sys Reiterated 'Buy' at Lehman Bloomberg 12-month target price is $325.00
4/12/00 Merrill Terayon Communication Reiterated Near-Term 'Buy' at Merrill Bloomberg
4/12/00 WR Hambrecht Terayon Communication Reiterated 'Strong Buy' at WR Hambrecht Bloomberg price target is $300
4/12/00 Deutsche Banc AB Terayon Comm. Reiterated 'Strong Buy' at Deutsche Banc AB Bloomberg price target $290
And this is no BB penny stock - Could this be a substantial inflection point in the relative power of sell-side analysts? If this turns out to be a total scam, it could, IMO.