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


To: Pluvia who wrote (747)4/17/2000 1:34:00 PM
From: CRay33  Read Replies (2) | Respond to of 1658
 
Pluvia - you claim to be concerned about investors - yet you get satisfaction from personal slams and jokes. It is clear to me that you're dealing with internal turmoil.

What is it? Bad childhood? Under-achiever?

Your angst is obviously trying to cover some internal scars.

Try toning it down a bit a being considerate of your fellow man - after all, there is more to an enjoyable life than portfolio profits.

You will just disregard this - or better yet take a slam - but really think about it.

I suggest counseling.



To: Pluvia who wrote (747)4/17/2000 2:22:00 PM
From: StockDung  Read Replies (1) | Respond to of 1658
 
All I can say is WOW!!

TERN - TERAYON COMMUNICATIONS SYS
Exchange: Nasdaq NM
Delay: at least 15 minutes
Last Price: 57 9/16 at 14:04 EDT
Change: Down 36 7/16 (-38.76%)
High: 90 13/16
Low: 57 1/4 at 14:04 EDT
Open: 80
Previous Close: 94 on 4/14
Volume: 3,950,900
30-Day Avg. Volume: 1,742,000
Shares Outstanding: 21,817,000
Market Cap.: 1,255,841,062
52-Week High: 285 1/4
52-Week Low: 26.37
Beta: Not Available
Yield: Nil
P/E Ratio: Not Material
EPS: -4.47
Currency Units: US Dollar

Confirm all data with your broker or financial advisor before trading.

Data by: S&P ComStock



To: Pluvia who wrote (747)4/17/2000 5:43:00 PM
From: StockDung  Respond to of 1658
 
Terayon Plunges on Concern About Status Standard


Santa Clara, California, April 17 (Bloomberg) -- Shares of Terayon Communication Systems Inc., the No. 2 maker of modems for cable-television lines, tumbled 13 percent after questions resurfaced about the company's status in creating an industry standard.

The shares fell 12 1/8 to 81 7/8. That follows a 48 percent drop last week. They've fallen 71 percent since trading as high as 285 1/4 on March 9.

Shareholder Shlomo Birnbaum sued Terayon Thursday, accusing the company of making misleading statements about its proprietary cable-modem technology. The suit charges that the company called its technology that transmits information on cable lines an ``industry standard' when it was only being considered for the designation.

The charges are ``absolutely groundless,' said Terayon Chief Executive Zaki Rakib. ``We will prove they're absolutely wrong.'

The suit seeks class-action status for anyone who bought Terayon shares between Feb. 2 and April 11. It was filed by Milberg Weiss Bershad Hynes & Lerach LLP, one of the most active plaintiffs' law firms.

``People don't necessarily know what to make of it,' said Anton Wahlman, an analyst at Warburg Dillon Read, who rates Terayon a ``hold.'

Wahlman said investors were bringing the valuation of Terayon's shares in line with rivals like Com21 Inc. and Scientific-Atlanta Inc. Terayon shares still trade at 328 times expected earnings, compared with 82 times at Scientific-Atlanta.

Apr/17/2000 17:06

For more stories from Bloomberg News, click here.

(C) Copyright 2000 Bloomberg L.P.