Coyote Network Systems (CYOE), Mixing It Up, IP and ATM Message Board

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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM

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To: StaggerLee who wrote (341)	2/1/2000 12:30:00 PM
From: Q.	Read Replies (2) of 360

I assume that the financial condition of the company remains weak. The last 10Q showed negative working capital, very little cash, and a significant cash burn, as of Sept. 30. The liquidity situation was improved only very slightly by the sale of a division last year. The stock now has a market cap of $123 M, as compared to net tangible assets for the company of only $5.2 M. The stock is highly overvalued, IMHO. The next 10Q, which is due in 2 weeks, will most likely show a continued weak financial condition. I've seen no indication that the company has found any quality customers. I would speculate that the stock is being pumped in an attempt to arrange a private placement.

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