Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: StockDung who wrote (14337)	2/24/1999 4:26:00 PM
From: Art M	Read Replies (1) of 122087

CYOE - Per the announcment the financing will be done on a case by case basis. Ergo, if ATT wants to buy some switches, then fine. On the other hand if Crescent Communications wants to buy some switches, then one would assume that the loan would be a recourse loan, backed by the assets of the purchaser, not on the equipment itself: Coyote Network Systems, Inc. (Nasdaq: CYOE - news) today announced that PrinVest Corporation will provide more than $20 million in lease financing to Coyote customers for the purchase of telecom switching and related equipment and services. Financing for individual Coyote customers will be made on a case-by-case basis, depending on the customer's creditworthiness. Art

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