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


To: Pluvia who wrote (1646)3/24/2006 5:48:48 PM
From: Pluvia  Read Replies (1) | Respond to of 1658
 
GOOD MORNING ZAKI - HOW'S MY FIST?

Thx for the $15mm
ya yellah-necked lil bitch.

i remain,
sincerely
yer eff'n daddy latimes.com

***************

Terayon Settles Shareholder Suit for $15M

Wednesday March 22, 5:33 pm ET
Terayon Communication Systems Also Pays $65.6 Million to Retire Bond

SANTA CLARA, Calif. (AP) -- Broadband services provider Terayon Communication Systems Inc. on Wednesday agreed to pay $15 million to settle a shareholder class action suit from 2000, saying it would cost more to continue contesting the six-year-old suit.

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Separately, the Santa Clara, Calif.-based company repaid in full its $65.6 million of 5 percent convertible notes due in 2007. Terayon was forced to repay the bond after the company defaulted because it missed the filing deadline for its third-quarter earnings report.

Terayon delayed the filing after saying three weeks ago that it will restate earnings from 2004 and the first half of 2005 because an internal audit found some revenue wasn't booked properly.

The class action suit was filed by shareholders in April 2000 in the U.S. District Court, Northern District of California, and alleged Terayon made false and misleading statements in violation of securities laws.

The proposed settlement, which would dismiss the suit with prejudice, must be approved by the court. Terayon expects to pay $2.3 million of the payment; insurers would pay the balance.

Terayon's shares closed Wednesday down a penny at $1.88 on the Nasdaq before adding 23 cents or 12.2 percent to $2.11 in after-hours electronic trading. The stock has traded between $1.63 and $4.10 over the past year.



To: Pluvia who wrote (1646)3/25/2006 1:26:36 AM
From: Dan B.  Read Replies (1) | Respond to of 1658
 
The score remains one to zero. Whereas I don't care much about Terayon's fortunes and never did (not having even recommended owning this stock throughout this fiasco), you are a short-selling leader who wrote in support of your position. Wanting to promote your position, you flat-out lied about Terayon's business, claiming they sold no DOCSIS products (considered an important factor, as should be known), when in fact they did. Your published lie remains here on this thread. It remains stark and indefensible, as witnessed by your utter silence on the matter.

But I repeat myself, again (one would scarcely know reading here that you've seen this charge against you, so I just keep trying to explain thinking maybe you'll come to understand the need to actually respond. You know, it really is to your benefit to either fess up, at least admit to an "error," or actually make some unimaginable case that publishing a lie about a company in order to further your position, ought to be legal, and ought to gain you followers).

Your followers/friends who've stopped by from time to time here since you published your lie, would like to come up with a reason to forgive you because, well, they like you. To date, they've utterly failed to find another way to interpret your clear and concise lying statement, always gloating about what a good call you made instead.

I can't say "more power to you" when I believe you'll cheat. I can wish you well, but that necessarily involves a you who no longer believes his greed justifies the ugly means he'll likely use again without qualm.

Got some more lovely one-liner ab hominems up your sleeve? You are so good at that! I read you well before you decided to attack Terayon, and did I compain? No. I found I could almost laugh with you rather than invest with you, and highly recommend the same to others.

Dan B.