TERN , shorted on the am warning @$10....
Terayon dives after warning www2.marketwatch.com "The company's future looks much more difficult than it did 24 hours ago," he wrote.
Yup! Lets see now
July/Sept .......LEHM upgraded to BUY ===>Trgt=$165 Oct .............UBS Warburg======BUY====>Trgt=$50 Oct..............KAUF=============BUY====>Trgt $60 Oct..........W.R. Hambrecht=Strng BUY====>Trgt=$150
Is it a "BUY" now @ $5?
Networkers Fall After Terayon Warns By TSC Staff
12/18/00 3:38 PM ET
Shares of several networking companies lost ground today, as a member of the extended family, Terayon Communication Systems (TERN:Nasdaq - news), said fourth-quarter revenue and earnings would fall well short of analysts' estimates because of an unexpected slowdown and canceled orders.
Shares of Terayon, which provides broadband networking systems primarily to cable companies, recently plunged $8, or 59.8%, to $5.38.
Cisco (CSCO:Nasdaq - news) lost $5.25, or 10.9%, to $43. Shares of Avici Systems (AVCI:Nasdaq - news) recently traded at $28.25, down 10.2%, or $3.19. Avanex (AVNX:Nasdaq - news) lost $8, or 10.6%, to $67.31, while Sycamore Networks (SCMR:Nasdaq - news) fell $4.69, or 8.5%, to $50.50.
Ciena (CIEN:Nasdaq - news) lost $7.94, or 7.9%, to $93, and Corvis (CORV:Nasdaq - news) traded down $5, or 15.3%, to $27.88. Extreme Networks (EXTR:Nasdaq - news) fell $16.50, or 22.8%, to $56.
Juniper Networks (JNPR:Nasdaq - news) held up comparatively well, losing $2.13, or 1.8%, to $127. The same couldn't be said for Redback Networks (RBAK:Nasdaq - news), which followed the majority of the sector and lost $10.13, or 12.2%, to $73. TERN shorted on the am warning @$10....
Terayon dives after warning www2.marketwatch.com "The company's future looks much more difficult than it did 24 hours ago," he wrote.
Yup! Lets see now
July/Sept .......LEHM upgraded to BUY ===>Trgt=$165 Oct .............UBS Warburg======BUY====>Trgt=$50 Oct..............KAUF=============BUY====>Trgt $60 Oct..........W.R. Hambrecht=Strng BUY====>Trgt=$150
Is it a "BUY" now @ $5?
Networkers Fall After Terayon Warns By TSC Staff
12/18/00 3:38 PM ET
Shares of several networking companies lost ground today, as a member of the extended family, Terayon Communication Systems (TERN:Nasdaq - news), said fourth-quarter revenue and earnings would fall well short of analysts' estimates because of an unexpected slowdown and canceled orders.
Shares of Terayon, which provides broadband networking systems primarily to cable companies, recently plunged $8, or 59.8%, to $5.38.
Cisco (CSCO:Nasdaq - news) lost $5.25, or 10.9%, to $43. Shares of Avici Systems (AVCI:Nasdaq - news) recently traded at $28.25, down 10.2%, or $3.19. Avanex (AVNX:Nasdaq - news) lost $8, or 10.6%, to $67.31, while Sycamore Networks (SCMR:Nasdaq - news) fell $4.69, or 8.5%, to $50.50.
Ciena (CIEN:Nasdaq - news) lost $7.94, or 7.9%, to $93, and Corvis (CORV:Nasdaq - news) traded down $5, or 15.3%, to $27.88. Extreme Networks (EXTR:Nasdaq - news) fell $16.50, or 22.8%, to $56.
Juniper Networks (JNPR:Nasdaq - news) held up comparatively well, losing $2.13, or 1.8%, to $127. The same couldn't be said for Redback Networks (RBAK:Nasdaq - news), which followed the majority of the sector and lost $10.13, or 12.2%, to $73. |