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

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To: Q. who wrote (266)4/21/1999 1:20:00 AM
From: TheLineMan  Read Replies (1) of 360
 
Minnesota is the head office.
John, I thought you were aware that Fantetti is Director of Investments for Piper Jaffray in Arizona. 850k of Kiski's shares are held at Piper Jaffray - all bought by Andreini. However Andreini only seems to control 150k shares belong to the school now, and that is at another brokerage. I have a high respect for you - perhaps you could go thru the latest filings. It seems to me that Andreini controlled just short of 3 million shares in CYOE until early this year (if Comdisco and Kiski are included).
You may also want to look at the S1 filed by Interworld - this is the only company at which he seems to be an officer now. He was at YISS (merged at the begining of this month) and also at HTI (resigned last month), and CDO (resigned early this year). Some of the deals that CDO did with Interworld are very creative:
sec.gov
During 1997, the Company completed a sale-leaseback transaction with Comdisco, Inc., selling computer equipment, office equipment and furniture and fixtures having a fair market value of approximately $878,000, net of accumulated depreciation, for approximately $819,000, realizing a loss of approximately $59,000. The lease has been accounted for as a capital lease.
During 1997, the Company acquired computer equipment, office equipment and furniture and fixtures pursuant to capital lease agreements with Comdisco. The leases had an aggregate initial principal amount of approximately $3,181,000. In connection with the leases, in March 1996 and February 1997, the Company issued warrants to purchase 37,500 and 39,200 shares of Common Stock at exercise prices of $2.00 and $6.25 per share, respectively, to Comdisco, Inc.

I'm not an accountant but CDO seem very suspect to me.
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