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

To: Starlight who wrote (782)	4/18/2000 11:18:00 AM
From: Jetter	Respond to of 1658

Ellizabeth, why on earth would you believe what the company has to say? They are the ones that have got both the company and the shareholders so far into this mess. If they have misrepresented the facts, what makes you think that all of a sudden they would come clean? Jetter

To: Starlight who wrote (782)	4/18/2000 11:37:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 1658

Elizabeth -- I just received the following regarding issues of insider selling. Clearly it doesn't matter how many shares were sold: "As a past officer of a public company, our lawyers and CFO were quite specific on insider trading. As an insider, it doesn't matter if you sell one share or a billion. Trading shares when in the possession of materially significant non-public information is a violation of SEC regulations." [It's now up to the courts to decide if any CableLabs communications (not just the letter) is deemed material. They've already done their part, which is the trading."] "The advice given with respect to selling was that as far avoiding SEC reg and shareholder suits, it is advisable to set up a regular selling policy, i.e., something like selling no more than 10% per quarter. Selling above that can trigger suits and signal lack of confidence in upper management. However, even if poised to sell and with a 144 filed, the CFO had the last say about performing the actual trade as insider information possession has a higher priority than anything. That is, you could be set to do a regular sale of 10%, but if the there was the slightest issue with regards to holding insider information, then NO SALE. Officers are very locked up and don't always have a window to sell because of insider exposure." Pat