Terayon Communication Systems Inc. hopes to save between $12 million and $15
million from cutting 20 percent of its work force, or 100 employees, the company
Terayon also said it will close some remote facilities and record a charge of
between $4 million and $5 million in the current quarter.
"We are committed to achieving profitability and are taking the necessary
steps to facilitate reaching this key milestone," CEO Zaki Rakib said in a