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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (280)	8/16/1999 5:43:00 PM
From: Q.	Read Replies (2) \| Respond to of 360

CYOE filed a 10Q and issued a news release. Looks like more of the same: * revenues offset in large part by deferred recognition of profits due to extended payment terms and bad credit quality of their customers * cash burned in operations * cash position is low * bad quality of balance sheet, with low shareholders equity consisting largely of intangibles and ever-growing receivables * 10Q says they need still more financing One peculiar thing: it says that gross margin would be 77%, which is quite high, if it were not for the deferred recognition that they are using to reduce their reported earnings. I wonder if they are marking the products up tremendously just because nobody else will sell to these bad customers. Also, I noticed that in this 10Q they no longer disclose the SEC and NASD investigations, as they did in previous filings.