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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
October 4, 2000
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Date of Report (Date of earliest event reported)
TERAGLOBAL COMMUNICATIONS CORP.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-25115 33-0827963
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
9171 Towne Centre Drive, 6th Floor
San Diego, California 92122
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(Address of principal executive offices)
(858) 404-5500
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
TeraGlobal Communications Corp. has reached a negotiated agreement
to resolve certain litigation between the company and Anthony Yohe. The case
was brought in United States District Court, Cental District of California,
under the name ANTHONY YOHE V. VIDEO STREAM INTERNATIONAL, INC., ET AL., and
was set to begin trial on November 7, 2000.
Mr. Yohe was the principal of Grey Venture Capital, which conducted
a private placement for the company's TechnoVision Communications, Inc.
subsidiary from October 1997 through May 1998. Mr. Yohe's complaint, styled
as a class action, alleged several causes of action arising out of
TeraGlobal's exchange offer to TechnoVision shareholders that took place in
June through August 1998. TeraGlobal filed a counter-complaint against Mr.
Yohe and Grey Venture Capital for breach of contract and fraud in connection
with the services he performed in the TechnoVision private placement. The
settlement resulted in the dismissal of all actions between TeraGlobal, its
affiliated entities and Mr. Yohe.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TERAGLOBAL COMMUNICATIONS CORP.
Dated: October 4, 2000 By: /s/ JAMES A. MERCER III
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James A. Mercer III
Executive Vice President
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