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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: TRIIBoy who wrote (5044)12/9/1998 10:48:00 PM
From: Mad2  Respond to of 18998
 
I just came across mention of Coyote Network in a Nov 9 article from the New Republic on Aseniso, follows is part of the article. Was going to check out Coyote later and saw your post.
"Such a phenomenal run attracted the attention of Asensio, who says he consulted with some of the top software and hardware engineers in the country. After receiving documents and testimony that indicated Diana's technology was merely a reconfiguration of an older, obsolete product, Asensio accused the company of bogus promotion and maintained that the vaunted technology was essentially worthless: Diana's shares plummeted to 20, staged a minor comeback to 40, then sank to single digits. Diana has since been delisted from the New York Stock Exchange, has shed its meat business, has moved to Calabasas, California, and now operates under the name of Coyote Network Systems. Asensio, meanwhile, says his firm pocketed $30 million from the short."
Message 6762757
Is this link between Coyote and the Diana well known?




To: TRIIBoy who wrote (5044)12/10/1998 9:12:00 AM
From: TRIIBoy  Respond to of 18998
 
CYOE halted...a shame I wanted some more free money...(eom)