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To: DepyDog who wrote (14496)	4/17/2000 3:14:00 PM
From: DepyDog	Respond to of 35685

Class Action Lawsuit Commenced Against Terayon Communications Systems, Inc. (TERN) By Bernstein Liebhard & Lifshitz, LLP NEW YORK, Apr 17, 2000 /PRNewswire via COMTEX/ -- A securities class action lawsuit was commenced on behalf of purchasers of the publicly-traded securities of Terayon Communications Systems, Inc. (Nasdaq: TERN) ("Terayon" or the "Company"), between February 2, 2000 and April 11, 2000, inclusive (the "Class Period"), in the United States District Court for the Central District of California. The complaint charges Terayon and certain of its directors and executive officers with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants issued materially false and misleading information concerning, among other things, the certification of the Company's proprietary S-CDMA cable modem technology by CableLabs (the industry regulating organization), the Company's financial condition, and the Company's operations. The complaint alleges that the defendants' scheme: (i) deceived the investing public regarding Terayon's business, new product capabilities, the acceptability of S-CDMA cable modem technology as an industry standard technology, foreseeable product demand, growth, operations, and the intrinsic value of Terayon common stock; (ii) allowed defendants to register and/or sell over $439 million worth of Terayon shares at artificially inflated prices via share-for-share acquisitions of other companies, which acquisitions also allowed defendants to appropriate valuable proprietary technologies previously owned by other companies; (iii) allowed Company insiders, several of whom are named as defendants herein, to sell over 71,000 shares of their privately held Terayon common stock during the Class Period, while in possession of materially adverse, undisclosed information, allowing them to reap proceeds of at least $15.9 million; and (iv) caused plaintiff and other members of the Class to purchase Terayon securities at artificially-inflated prices. When the truth was disclosed, Terayon's stock price plunged. Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Terayon securities during the Class Period. If you purchased or otherwise acquired Terayon securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than 60 days from April 13, 2000. Bernstein Liebhard & Lifshitz, LLP has been retained as one of the law firms to represent the Class. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors. If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Mr. Mark Punzalan, Director of Shareholder Relations, at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, 800-217-1522 or 212-779-1414 or by e-mail at TERN@bernlieb.com. SOURCE Bernstein Liebhard & Lifshitz, LLP (C) 2000 PR Newswire. All rights reserved.