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

To: Tom Kearney who wrote (1189)	10/17/2000 6:07:08 PM
From: John Biddle	Read Replies (1) \| Respond to of 1658

A little more detail: zdii.com October 17, 2000 5:34pm Earnings Roundup: Terayon, PeopleSoft top 3Q estimates By Larry Barrett ZDII Terayon Communication Systems soared past analysts' estimates in its third quarter Tuesday, raking in $8.5 million, or 12 cents a share, on sales of $125.3 million. First Call Corp. consensus expected the maker of broadband access systems to earn 9 cents a share in the quarter. Terayon (Nasdaq: TERN) shares closed up $1.88 to $41 ahead of the stellar earnings report. The $125.3 million in sales represents a staggering 436 percent improvement from the year-ago quarter when it lost $1.7 million, or 4 cents a share, on sales of $23.4 million. "We are pleased to report today that Terayon has achieved another great quarter for both revenues and earnings," said CEO Zaki Rakib in a prepared release. Last quarter, Terayon earned $4.7 million, or 7 cents a share, on sales of $92 million. Its shares moved up to a 52-week high of $142.63 in March after falling to a low of $18.88 last October. All seven analysts following the stock rate it either a "buy" or "strong buy."