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

To: Bill who wrote (203)	2/25/1999 9:37:00 AM
From: Q.	Read Replies (2) \| Respond to of 360

Well, that was a misleading news release. It would make it appear that CYOE will actually have $20 M in sales, that it actually has the customers, and that they do qualify for the financing. Note the verb used in the announcement: "will provide" PrinVest Corporation will provide more than $20 million in lease financing to Coyote customers More reasonably, they could have said "will offer financing to qualified customers". That would have avoided the implication that the sales are for certain and that the customers have already qualified. Moreover, it was misleading to present this announcement in the context of financing for the company, which it is definitely not. By referring to the recently announced $10 M loan to the co., they can confuse the reader whether this is financing to customers orfinancing to the company.