Terayon Restructures to Pure-Play Digital Video Company
Santa Clara, California - January 26 2006 -- Terayon Communication
Systems, Inc. (NASDAQ: TERNE), a leading provider of video
localization-on-demand solutions, today announced a restructuring
to focus the companys strategy solely on its digital video
applications and reduce its overall cost structure as a pure-play
video
business.
Our decision to concentrate solely on digital video applications
enables us to laser-focus the company on a growing market for
real-time network digital video processing and expand our
applications and services, said Jerry Chase, Terayon, CEO. Network
operators worldwide in cable, satellite, telco and mobile,
understand that they must customize digital video programming
services and
advertising to become more relevant
to their individual customers. The move to customizing content
delivered the instant before viewing creates substantial
opportunity for Terayon, particularly in the area of digital video
advertising, as it builds on our
existing core competencies and market leadership. Localizing
services and
advertising plays strongly to the core strength
exhibited in our award winning CherryPicker product line.
Laptop Battery As part of the companys move to a pure-play video business,
Terayon is
reviewing strategic alternatives
for its Home Access Solutions product line including the
opportunity to monetize its current investment in working
capital. As part of the restructuring, Terayon expects to record
charges of approximately $0.6 million for employee related costs
in addition to other restructuring costs, the majority of which
are expected to occur in the first quarter of 2006.
Digital Video Recorders (DVRs) Also known as Video Capture Systems, DVRs are a complete computer plus video capture board plus software solution.
Thinkpad Chase continued, We are now structured to take advantage of what
we do best. By focusing on digital video, we expect to drive our
strategic goals of increased market penetration and improved
financial performance. With the savings we obtain from the
restructuring, we intend to allocate additional resources for
digital video software application development to pursue new
revenue-generating video opportunities. Through our focus and
partnerships with key industry players and existing customer
relationships in the cable, satellite and telco markets, Terayon is
well positioned for success.
They went to places like Senegal, Uganda, India, and Thailand, using only laptop computers and a digital video camera.
Microsoft About Terayon
Terayon Communication Systems, Inc. (NASDAQ: TERNE) provides
real-time digital video networking applications to cable, satellite
and telecommunication service providers worldwide, which have
deployed more than 6,000 of Terayons digital video systems to
localize services and advertising on-demand and brand their
programming, insert millions of digital ads, offer HDTV and other
digital video services. Terayon maintains its headquarters in Santa
Clara, California; has sales and support offices worldwide and is
on the web at www.terayon.com.
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