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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: DepyDog who wrote (8589)	10/18/2000 4:06:49 PM
From: CAtechTrader	Read Replies (2) \| Respond to of 65232

Bought TERN today..they are GIVING it away...$10 in cash per share in the bank. They had a great quarter. TERN's CEO said something about growth rates not being as easily sustained off a higher base. No big deal and all expect that. He said he was comfortable with the street's forward numbers, but in the midst of the DSL fiasco, his cautionary statement was magnified and today the margin clerk was in charge of TERN. This is the problem with technological CEO's, don't know how to time statements. Anyway the biz is even better than expected. At this price we were aggressive buyers, 22 and down we bought.