Terayon Sees Q4 Revenue Rise 14% Sequentially, Announces Restructuring

Terayon Communication Systems reported $43.0 million, a 70% increase compared to $25.3 million for the same quarter a year ago, and a 14% increase compared to $37.6 million for Q3 2004. Net loss for the quarter was $6.0 million, or $0.08 per share.



Terayon also announced a corporate restructuring that involves a reduction in workforce of approximately 17%, or 70 employees; the consolidation of certain facilities; a write-off of certain assets; and a reduction in spending. Terayon said it is targeting profitability beginning in Q2 2004. http://www.terayon.com