Terayon Communication Systems (fka TERN)

[SEBASS]

IT'S NON-ISSUE. YOU WILL SEE SOON. Nice try. Try to be more original then to copy me.

Incorrectly recording customer in wrong period and initiating public review by themselves only shows the strength of the integrity of the CEO and Co. Also:

"Terayon initiated the review after determining that certain revenues recognized in the second half of fiscal year 2004 from a customer may have been recorded in incorrect periods..."

"We are committed to accurate and transparent financial reporting and are taking this matter very seriously," said Jerry Chase, CEO, Terayon. "I want to emphasize that our cash position and market leadership remain strong and are not affected by the accounting issues under review. We remain focused on executing on our strategies and continuing to expand our product innovations to strengthen the overall position of the company."

Also today's restructuring did just that strengthened the company by eliminating bleeding modem business and downsizing workforce not needed anymore. Pure 70% gross margin business is now only pure play. Cram of the crop. Compare those margins to the other company. The numbers might be right but with(-)70%.LOL