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

To: Jane4IceCream who wrote (1012)	4/28/2000 11:17:00 AM
From: StockDung	Read Replies (1) \| Respond to of 1658

Kaplan Kilsheimer & Fox LLP Announces Class Action Suit Against Terayon Communications Systems, Inc. and Certain of Its Officers NEW YORK--(BUSINESS WIRE)--April 28, 2000--Counsel for Class Plaintiff, Kaplan, Kilsheimer & Fox LLP today issued the following: A class action has been commenced in the United States District Court for the Central District of California on behalf of all persons who purchased or otherwise acquired the common stock of Terayon Communications Systems, Inc. (NASDAQ: TERN) between February 2, 2000 and April 11, 2000, inclusive (the "Class Period"). The lawsuit charges Terayon and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges, among other things, that defendants issued materially false and misleading statements concerning the certification of the Company's proprietary S-CDMA cable modem technology and the Company's financial condition. The complaint further alleges that defendants engaged in a scheme to deceive the investing public regarding Terayon's new product capabilities and acceptability as an industry standard technology, foreseeable product demand, growth, operations and the intrinsic value of Terayon common stock. In addition, defendants are alleged to have registered and/or sold over $439 million worth of Terayon shares at artificially inflated prices via share-for-share acquisitions of other companies. As a result, Company insiders were able 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. Plaintiff seeks to recover damages on behalf of all persons who purchased or otherwise acquired Terayon common stock during the Class Period. Plaintiff is represented by the law firm of Kaplan, Kilsheimer Fox LLP and The Law Offices of Bruce G. Murphy which have many years of experience in prosecuting investor class actions and extensive experience in actions involving financial reporting and management fraud. For more information about Kaplan, Kilsheimer & Fox LLP, you may visit our website at www.kkf-law.com. Plaintiff is also represented by the Law Offices of Bruce G. Murphy. The Law Offices of Bruce G. Murphy is involved in major securities class actions pending in federal and state courts throughout the United States. If you are a member of the Class described above, you may, no later than June 12, 2000, move the Court to serve as lead plaintiff of the Class. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this case or your rights or interests, please contact: Laurence D. King, Esq. Janine R. Azriliant, Esq. Donald R. Hall, Esq. Kaplan, Kilsheimer & Fox LLP 805 Third Avenue - 22nd Floor New York, NY 10022 (800) 290-1952 (212) 687-1980 Fax: (212) 687-7714 E-mail address: mail@kkf-law.com Law Offices of Bruce G. Murphy Bruce G. Murphy 265 Llwyds Lane Vero Beach, FL 32963 (561) 231-4202 CONTACT: Kaplan, Kilsheimer & Fox LLP 800/290-1952 TICKERS: NASDAQ:TERN KEYWORD: NEW YORK BW1253 APR 28,2000 8:07 PACIFIC 11:07 EASTERN