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

To: Dan B. who wrote (1645)	3/24/2006 5:29:19 PM
From: Pluvia	Read Replies (2) \| Respond to of 1658

TERAYON PAYS 15 MILLION TO SETTLE SUIT hey danny, how do you like your crow served? lets check the score.. 1. short sale rec'd at $160+ 2. TERNE restates financials because of Betty Crocker accounting irregularities; TERNE auditor bails 3. TERNE pays $15mm to settle a lawsuit you say was a "fraud on the market" damn danny - aint you ever right? Terayon Communication Systems (TERNE:Nasdaq - news - research - Cramer's Take) gained after broadband-equipment company said it will pay $15 million to settle a shareholder class-action lawsuit. The company said it was more cost-effective to settle the suit than to continue the litigation, which alleged the company and certain of its officers issued false and misleading statements. Terayon said it expects to pay about $2.3 million of the amount, with its insurance carriers paying the remaining portion of the settlement. Separately, the company said it had paid in full its $65.6 million of 5% convertible notes due in 2007. Terayon was forced to repay the bond after the company defaulted by missing the filing deadline for its third-quarter earnings report. Shares climbed 25 cents, or 13%, to $2.13.