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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM
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To: Q. who wrote (338)1/28/2000 11:00:00 AM
From: Daniel Chisholm  Read Replies (1) of 360
 
I wouldn't worry about the "substance" of the announcement w.r.t. their press release:

Coyote also announced it signed a $15 million vendor finance facility with First Venture Leasing, LLC. for equipment and services for Coyote's customers and to expand its own network. The lease financing is subject to certain conditions.

Certain conditions, such as "we'll finance a lease if we think the customer can pay us and we have a reasonable chance of making money on the deal"? Hardly surprising, and not a particular vote of confidence (or lack thereof) in Coyote and its business prospects. About as material, I think, as Coyote issuing a press release saying "We have entered into a transaction wherein a landlord will lease us a 100,000 sq. ft. facility, subject to certain conditions (e.g. monthly payment of rent)"

- Daniel
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