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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: tdl4138 who wrote (30981)4/17/1999 10:25:00 AM
From: StockDung  Respond to of 122087
 
RE:CYOE: 1999 revenue was primarily from the sale of telecom equipment; the book-to-bill was more than 3:1.

The Company generated approximately $8.7 million in positive cash flow from operations in the second quarter. Operating income for the second quarter of fiscal 1999 was $269,000 or $.03 per share, compared with an operating loss of ($3,124,000) or ($.45) per share for the second quarter of fiscal 1998. For the second quarter of fiscal 1999, the Company had a net loss of ($1,379,000) or ($.14) per share, compared with a net loss of ($8,765,000) or ($1.27) per share for the second quarter of fiscal 1998. For the first six months of fiscal 1999, the Company had a net of ($2,457,000) or ($.27) per share, compared with a net loss of ($12,456,000) or ($2.04) per share for the same period last year. The Company's cash and cash equivalents balance was $16,224,000 at September 30, 1998, compared with $3,746,000 as of March 31, 1998.

"We are pleased with the results and the progress made in the second quarter," said James J. Fiedler, chairman and chief executive officer, Coyote Network Systems. "While the majority of the revenue was still from equipment sales, based on our strategic plan, we expect network services--through internal growth and acquisitions--to represent a greater portion of our business going forward."

In September, the Company acquired approximately a 20% equity interest in Crescent Communications, Inc., a wholesale telecom service provider to select major international markets. In view of the Company's equity interest in Crescent, and to provide for certain service contingencies, the Company deferred recognition of $2.5 million of the profit associated with the equipment sale to Crescent.

"We believe our strategic investment in Crescent will provide a long-term benefit to our Company in that Crescent is well-positioned with its contracts, international routes and agreements with customers and carriers in Mexico, Central and South America. We are targeting specific market segments: international and affinity-based long distance services, gateway switching, IP and compression technologies, and services. We also plan to continue to develop relationships with, make investments in, and partner with companies that have complementary technologies, network facilities and support services that are strategically aligned with our goal to position our Company as a leading provider of gateway switches and network services," stated Fiedler.

The Company completed the strategic acquisitions of INET, an affinity-based provider of international long distance services and announced its plan to take a 19% equity position in DTA Communications Network, a facilities-based provider of wholesale international long distance services. The Company's Board of Directors approved a 5% stock dividend, to be distributed on November 4, 1998, to shareholders of record as of October 21, 1998.

"We also are very pleased to have our common stock listed on Nasdaq's National Market. "We believe the move to Nasdaq will enhance long-term shareholder value, increase liquidity and help raise our profile as we position Coyote as an international hi-technology company with expertise in telecom and digital communication equipment, international and affinity-based long distance services, and network operations and support services," said Fiedler.



To: tdl4138 who wrote (30981)4/17/1999 11:06:00 AM
From: StockDung  Read Replies (1) | Respond to of 122087
 
CYOE FAN's todays focus will be investigating Michael Lansky,Dakota Carrier Services, a subsidiary of Dakota L.L.C. They are in Arizona. I need incorporation info and background checks. This is the deal right befor Curcio. Some preliminary searches show a Meyer Lansky in AZ involved in organized crime. I need a conection and since Curcio deal was after this one we never fully checked it out. I smell a rat so lets get our trap ready and finish them off this weekend. If Curcio deal was a scam this one probably was too.

sefl.satelnet.org
VALENTINE:Well if I can recall, in the '60s, and even in the '70s, the
greatest money launderer of all was Meyer Lansky.WEBB:
Meyer Lansky has direct ties with these people and ties in with
'em. They're... I mean, go down to... If you want to get the
Meyer Lansky connection into these people and into Arizona, ask
yourself the question: Why is it in the same residential area
that Lansky was, and the Wrigley family? You've got Melman,
you've got the Inslaw software Dr. Earl Brian, you've got Ronald
Reagan, you've got Dino DiConcini (Dennis', the head of armed
services [committee], brother), you've got General John Singlaub,
who was running the drug operation in Arkansas for Bill Clinton.
And there's several other players down there. I've forgot all the
names of the people. But I mean, they're all interconnected...VALENTINE:
When you say, "down there", what are you talkin' about?WEBB:Pardon me?VALENTINE:
Whereabouts are you talking about, "down there"?WEBB:
It's in Arizona. It's on Camelback Mountain.VALENTINE:
Oh! Like Scottsdale, and down in that way.WEBB:
It is down there. It's the most expensive real estate in Arizona.
They've all got second homes down there.
And Carl Lender(sp?), who started Charles Keating's, down there,
and the whole bit.
But here's, to give you a summary -- and I think it's important
that we get this out, Tom. A summary of what they've done on the
airport is basically this: They owned the land, then they
perpetuated the fraud that shoved the appraisals of the land up
five times, in a year, of what the actual value was. Then they
turn around and create three political action committees to pump
it down the American people's throat that they need a new
airport: "It's gonna create 100,000 new jobs to Denver," and it
didn't. Then they buy off government officials. And of course,
they put the U.S. attorney in place and they had two federal
judges bribed, paid off, and the whole bit. And I've got the guy
that was launderin' their bribes! They laundered it through M&L
Business Machines Company, that they tried to make it look like
(the U.S. attorney did) as though it was a "check kiting scandal"
when in fact it was money laundering!VALENTINE:
All right. We gotta take another break, so hang in there! Hold in
there. The U.S. attorney ruled that it was "check kiting" when it
was actually money laundering. We'll get back to that. My guest
is Stew Webb. The subject matter: the Denver airport scam. I'm
Tom Valentine, this is *Radio Free America*.[...commercial break...]
All right, we are back. And we are talking about scandal and, I'm
serious, about big, high scandal.
I want you to go ahead and finish where you were, and then I have
another question for ya...WEBB:
Well basically, Mike Norton, the U.S. attorney who's no longer in
office; Janet Reno fired all 92 of 'em across the nation. But he
was, the cover-up part is in this whole thing. And that's the
reason these men have never been prosecuted, because, you know,
they had him directly in their pocket. He owns apartments with
'em. He took a bribe, and he laundered a $2.5 million bribe
himself through M&L Business Machines Company. And the federal
judge laundered money through there, [the judge] that was
protecting Blinder Robinson, the company that was movin' the
money overseas to John Dix's house. The whole bit. I mean, M&L is
one of the key, instrumental companies, that was like Blinder
Robinson, that was movin' money.
But the problem is, the guy got greedy and decided to rip the bad
guys off for $150 million. And when he did, he threw it into
bankruptcy court, thinkin' that, "Well. I throw it in there and
all the records will be available and then they'll see it was
money laundering and I'll be out of the country and everybody'll
be in trouble and they'll be worryin' about protectin' their own
little rear ends. And I won't have to worry about this thing.
I'll be overseas, enjoyin' it."

Dakota Carrier Services & Coyote Technologies Sign Three-Year Equipment & Services Deal Valued at More than $30 Million

DCS to Provide Wholesale International Voice Services to Mexico

Westlake Village, CA – June 29, 1998 – Coyote Technologies, a subsidiary of Coyote Network Systems (OTCBB: CYOE), today announced it has signed a three-year equipment and services agreement with Dakota Carrier Services (DCS) valued at more than $30 million. The agreement calls for Coyote Technologies to provide DCS with telecom network equipment such as switches, compression equipment, network management and billing systems, and related services such as network design, diagnostic engineering, maintenance, billing, customer care and rating software. DCS plans to provide wholesale international long distance voice services, primarily to Mexico utilizing more than 200 compressed E1 circuits and SS7 intelligent networking.

The equipment portion of the agreement, valued at $15 million, begins shipping this month and is scheduled to be completed by September. The equipment includes four Coyote Technologies' DSS 10,000 Switches. In addition, Coyote Technologies has contracted with Newbridge Networks to provide compression equipment and network management, and with Info Directions to provide their CostGuard® billing system. Comdisco, Inc. will provide lease financing for the first phase of the project.

"We chose Coyote Technologies because they offer excellent technology and bring a good understanding and solutions-oriented approach to our markets," said Michael Lansky, president, Dakota Carrier Services. "We are committed to our association with Coyote Technologies and look forward to a long and profitable relationship."

"We are pleased that Dakota has selected us as the switching platform for their network," said Daniel W. Latham, president and chief operating officer, Coyote Network Systems. "We are committed to providing carriers with innovative, cost effective solutions that enable them to be successful. Our solutions-oriented approach enables Dakota to provide advanced services to their customers.

"Our selection by Dakota and Rhinos gets us off to a strong start for Fiscal '99. Fiscal '98 closes the 'book' on the 'old' Company. We can now be measured as a telecom switching and network services company," Latham added.

On June 18th, Coyote Technologies announced that Rhinos International, Ltd. Co., had selected its DSS Switch as the platform for Rhinos plan to build an international private data network using integrated Internet Protocol and Asynchronous Transfer Mode technologies.

About Dakota Carrier Services

Headquartered in Tucson, AZ, Dakota Carrier Services, a subsidiary of Dakota L.L.C. was recently formed to provide primarily wholesale telecommunication services to select international markets. Dakota L.L.C., founded in 1996, is a holding company with majority interest in a leading Internet service provider and Internet access equipment integrator.

About Coyote Network Systems

Headquartered in Westlake Village, CA, Coyote Network Systems, through its subsidiaries, provides carriers with scalable Class 4/5 switches, IP (Internet Protocol) gateways, wholesale international long distance services, and plans to provide CLEC services. For more information about Coyote Network Systems, please visit Coyote's Web site at cyoe.com or call 1-888-88 Coyote.

About Newbridge Networks

Newbridge Networks (NYSE: NN, TSE: NNC) designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. Newbridge leverages its relationship with 16 Affiliate companies and strategic alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the world's 250 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on five continents. News and information are available at newbridge.com.

About Info Directions, Inc.

Based in Rochester, NY, Info Directions is focused on delivering and supporting affordable, PC-based systems for the telecommunications industry. IDI is a software development company with a rich history in client-server development. Info Directions, Inc. created CostGuard® for telecom firms that demand control over their rating, billing and customer service. For more information about Info Directions, Inc., please call 1-888-924-4110 or visit IDI's Web site at infodir.com.

The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Such factors include, but are not limited to, actual and potential competition, risks associated with consolidation in the industry and with international expansion, general and economic conditions, the need to manage growth, and certain product, technology and regulatory risks. For more information, please refer to the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.



To: tdl4138 who wrote (30981)4/17/1999 6:14:00 PM
From: Fast Eddie  Respond to of 122087
 
CYOE <The only thing I find interesting is the way it traded. Not like a stock that was in demand...My experience is that the closer we get to a major change in status...ie, delisting...halt...the stranger the trading in the stock becomes...>

Strange trading is right! 106m on Wed. 188m on Thurs and it does not trade for 2 1/2 hours midday, and then 500m Fri. The invisible hands are sure busy with this one.

This is one of my largest short positions and unless I get bot in I don't intend to cover until the final sorry chapter is written. I reserve shares of CYOE daily and have had no problem with availability, so no squeeze at NFSC yet.

Eddie