In the frame of the two-fluid model of extragalactic radio sources, the properties of extragalactic gamma-ray bursters can be explained by the emission of a precessing relativistic e(+/-) beam whose bulk Lorentz factor is gamma(b) similar or equal to 10. The gamma-ray emission of the ejected e(+/-) component has a non-thermal origin and is due to the e(+/-) annihilations and the inverse Compton losses. Due to the relativistic motion of the e(+/-) component, its emission is strongly anisotropic. When several peaks are observed, the typical time scale between the peaks is of a few seconds and it corresponds to a perturbation period of the beam of about P-o similar or equal to 100 s. This high frequency perturbation corresponds to the rotation frequency of a compact object turning at almost 3 Schwarzschild radii around a central black hole of mass 10(5) M(.) less than or equal to M less than or equal to 10(6) M(.). The rotating compact object perturbs the accretion disk around the black hole and the frozen magnetic field of the jet. It induces a precession of the beam and an e(+/-) component is ejected relativistically in the precessing beam producing a gamma-ray emission which appears to be pulsating for the observer. Due to the rotation of the compact object the system emits gravitational waves together with the gamma-ray emission. Finally, gamma-ray bursters are associated with distant normal galaxies and after few months we expect an anisotropic radio emission whose flux density is S-v less than or equal to 0.15 mJy if the redshift of the galaxy is z greater than or equal to 0.2.