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: NYBellBoy who wrote (84)	12/14/1998 5:03:00 PM
From: Q.	Read Replies (2) of 360

re. <<They sell it to Comdisco to obtain the sale and cash up front - Comdisco Makes Money>> There's more to it than this. CYOE actually pays Comdisco to take the equipment off their hands. It pays them with warrants. Lots of them. CYOE registered them in the latest S-3. Which makes me ask what it is that Comdisco is paying cash for: switches or warrants? How should this really be figured on CYOE's income statement - it looks to me like the warrants ought to be charged as cost of goods sold, or debited from the revenues, but I'd bet anything they do the accounting so that the earnings aren't affected by this scheme. BTW, it is curious that CYOE says today. it wants the SEC to investigate trading in its stock.

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