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Coyote Network Systems Inc

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CALIFORNIA | LOCAL
October 19, 1999
Coyote Network Systems Inc., Westlake Village, announced that its subsidiary, INET Interactive Network System has formed a joint venture with Direct Technologies International, Columbia, S.C., to provide wholesale international long-distance services, primarily through transit and resale arrangements. INET will manage the venture and Coyote Communications Services will provide network operations and support.
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BUSINESS
February 15, 2000
* Coyote Network Systems Inc., telecommunications networking company, has filed for an extension of its deadline for reporting its fiscal third-quarter results for the period ended Dec. 31, 1999. The Westlake Village-based company now expects to file its financial results Feb. 22. The company reported operating losses in the year-ago quarter and for fiscal second-quarter ended Sept. 30, 1999. Shares fell 19 cents to close at $7.63 on Nasdaq.
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BUSINESS
February 15, 2000
* Coyote Network Systems Inc., telecommunications networking company, has filed for an extension of its deadline for reporting its fiscal third-quarter results for the period ended Dec. 31, 1999. The Westlake Village-based company now expects to file its financial results Feb. 22. The company reported operating losses in the year-ago quarter and for fiscal second-quarter ended Sept. 30, 1999. Shares fell 19 cents to close at $7.63 on Nasdaq.
CALIFORNIA | LOCAL
October 19, 1999
Coyote Network Systems Inc., Westlake Village, announced that its subsidiary, INET Interactive Network System has formed a joint venture with Direct Technologies International, Columbia, S.C., to provide wholesale international long-distance services, primarily through transit and resale arrangements. INET will manage the venture and Coyote Communications Services will provide network operations and support.
BUSINESS
December 11, 1998 | Walter Hamilton
Trading was halted Thursday in Coyote Network Systems Inc. stock, a day after a financial Internet site wrote a story saying it couldn't find the company's biggest customer. Shares of Westlake Village-based Coyote sank 45% on Wednesday, to $7.81, after TheStreet.com published an article detailing its unsuccessful attempt to locate Crescent Communications Inc., which it said accounted for 75% of Coyote's fiscal second-quarter sales, as well as Crecent's chairman, Gene Curcio.
BUSINESS
December 10, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
Shares of Coyote Network Systems Inc., a Westlake Village-based telecommunications company, plunged 45% on Wednesday after a popular financial Internet site published a story saying it could not locate the company's biggest customer. TheStreet.com, a Web site headed by oft-quoted Wall Street pundit James J. Cramer, wrote that despite extensive research, it could not find Crescent Communications Inc., which it said represented about 75% of Coyote's fiscal second-quarter sales.
BUSINESS
March 24, 1998 | BARBARA MURPHY
Coyote Network Systems in Westlake Village has withdrawn its offer to acquire NUKO Information Systems of San Jose in a stock-for-stock deal announced Dec. 12. Officials said one reason the offer was withdrawn was because Coyote could not reach agreement on the transaction with NUKO's larger creditors and other interests. "We are disappointed that the acquisition of NUKO will not be completed,' said James J. Fiedler, Coyote chairman and chief executive officer.
CALIFORNIA | LOCAL
May 4, 1999
Coyote Network Systems of Westlake Village said it has canceled its proposed acquisition of Apollo Telecom Inc., citing recent downturns in Apollo's domestic market. In February, Coyote had announced a plan to buy Apollo for 350,000 shares of Coyote common stock. Coyote said it would continue to work with parent company Apollo KK of Tokyo, as an Asian distributor of Coyote products.
CALIFORNIA | LOCAL
March 28, 2000
Coyote Network Systems Inc. in Westlake Village said it is seeking shareholder approval to change its name to Quentra Networks Inc. to better reflect its products and services. The company has also undergone management changes recently. Coyote Network Systems Inc. designs and produces next-generation telephone and Internet services and voice-over Internet protocol for the information and telecommunications industries.
CALIFORNIA | LOCAL
April 4, 2000
Coyote Network Systems Inc. in Westlake Village said it has signed a letter of intent to acquire Group Long Distance Inc., a reseller of long-distance services to small- and medium-sized businesses and residential customers with competitive local exchange carrier licenses in more than 40 states. GLDI shareholders would receive about $5.6 million in shares of Coyote Network Systems common stock, in exchange for 100% of the equity interest in GLDI.
CALIFORNIA | LOCAL
May 4, 1999
Coyote Network Systems of Westlake Village said it has canceled its proposed acquisition of Apollo Telecom Inc., citing recent downturns in Apollo's domestic market. In February, Coyote had announced a plan to buy Apollo for 350,000 shares of Coyote common stock. Coyote said it would continue to work with parent company Apollo KK of Tokyo, as an Asian distributor of Coyote products.
BUSINESS
December 11, 1998 | Walter Hamilton
Trading was halted Thursday in Coyote Network Systems Inc. stock, a day after a financial Internet site wrote a story saying it couldn't find the company's biggest customer. Shares of Westlake Village-based Coyote sank 45% on Wednesday, to $7.81, after TheStreet.com published an article detailing its unsuccessful attempt to locate Crescent Communications Inc., which it said accounted for 75% of Coyote's fiscal second-quarter sales, as well as Crecent's chairman, Gene Curcio.
BUSINESS
December 10, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
Shares of Coyote Network Systems Inc., a Westlake Village-based telecommunications company, plunged 45% on Wednesday after a popular financial Internet site published a story saying it could not locate the company's biggest customer. TheStreet.com, a Web site headed by oft-quoted Wall Street pundit James J. Cramer, wrote that despite extensive research, it could not find Crescent Communications Inc., which it said represented about 75% of Coyote's fiscal second-quarter sales.
BUSINESS
March 24, 1998 | BARBARA MURPHY
Coyote Network Systems in Westlake Village has withdrawn its offer to acquire NUKO Information Systems of San Jose in a stock-for-stock deal announced Dec. 12. Officials said one reason the offer was withdrawn was because Coyote could not reach agreement on the transaction with NUKO's larger creditors and other interests. "We are disappointed that the acquisition of NUKO will not be completed,' said James J. Fiedler, Coyote chairman and chief executive officer.
CALIFORNIA | LOCAL
November 30, 1999 | BARBARA MURPHY
Coyote Network Systems Inc. in Westlake Village has sold its 80% interest in American Gateway Telecommunications Inc. to that firm's minority shareholders. As a result of the sale, Coyote realized a noncash gain of $6 million in its second fiscal quarter, which ended Sept. 30. The transaction reduced Coyote's consolidated debt by $10 million and provided for the return of all pledged collateral associated with that debt.
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