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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: sam who wrote (15452)	12/26/2000 10:48:40 AM
From: zbyslaw owczarczyk	Respond to of 24042

Alex. Brown Touts Terayon in Ad Spread,Then Downgrades It TheMarker.com Staff 12/26/00 10:17 AM ET Does the right hand Deutsche Banc Alex. Brown know what its left hand is doing? The Dec. 18 issue of Red Herring features a two-page ad touting the services the Baltimore unit of the German bank provided to Terayon Communication Systems (TERN:Nasdaq ADR - news), including the half-billion dollar issue of convertible bonds held in July 2000. "As Terayon continues to provide the world with innovative broadband access solutions," the ad gushes, "our research analysts and sales and trading continue to intelligently articulate Terayon's story to the investment community worldwide." By Dec. 22, however, as Wall Street packed up to go home for Christmas, Deutsche Banc downgraded Terayon from strong buy to market perform. On Dec. 18, Terayon announced that instead ending the fourth quarter in the black, it would be reporting a hefty loss. Moreover, its sales would be about half what had been predicted, and in 2001 it expects lower sales and increasing losses. Terayon tumbled 50% in one night, and 70% in a week. On the other hand, the ad might pay off. Any executive who knows about Terayon and runs across the ad could well conclude, "They're fantastic, those guys at Deutsche Banc. How'd they raise so much money for a lousy little company like Terayon? If they could get that kind of capital for them, what could they do for me!"

To: sam who wrote (15452)	12/26/2000 1:07:58 PM
From: Joe Giorgianni	Respond to of 24042

I'm in -- which is bad news, since I'm typically early in my buys. Stops in place. fwiw Hopefully that will be balanced by the fact that I sold my SDLI from my March 17 buy and put it back into Fidelity Utilities Fund where it was originally. I bought several individual stocks with IRA mutual funds in January and March of last year. This was my first chance to get out of any of the purchases at even. I know I will be kicking myself in a few years (if not months) but even after being a stock investor for 15 years and being someone with a strong stomach I just couldn't take the volatility. I still hold quite a bit of SDLI in both my wife's and my IRA. Joe