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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
June 1, 2000 | Karen Alexander
Coyote Network Systems, a Los Angeles telecommunications company, said Wednesday that it will merge with HomeAccess Microweb, an Irvine incubator company owned by the electric and water utility concern Duquesne Enterprises. The firms will combine to produce a new line of low-cost Internet appliances--essentially telephones with video screens--that will be distributed free to subscriber homes and small businesses.
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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
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.
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.
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
February 29, 2000
Coyote Network Systems of Westlake Village reported a net loss of $5.1 million for the third quarter that ended Dec. 31, compared with a loss of $4.2 million for the same period last year. Revenue dropped to $6.8 million from $12.9 million. The company also announced the sale of a 9% interest in Systeam S.p.A., a communications company in Rome, for $1.2 million.
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
February 29, 2000
Coyote Network Systems of Westlake Village reported a net loss of $5.1 million for the third quarter that ended Dec. 31, compared with a loss of $4.2 million for the same period last year. Revenue dropped to $6.8 million from $12.9 million. The company also announced the sale of a 9% interest in Systeam S.p.A., a communications company in Rome, for $1.2 million.
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
February 8, 2000
Coyote Network Systems, Westlake Village, said it has completed a $15 million equity private placement to a group of investors. The company sold 3.2 million shares of unregistered stock at $4.75 per share. The company plans to use the cash to market its applications and develop new ones. The company also said it has negotiated a financial services agreement with First Venture Leasing LLC and a consulting agreement with KRJ LLC.
CALIFORNIA | LOCAL
February 1, 2000
Coyote Networks Inc. of Westlake Village said it has signed a $15-million lease agreement with First Venture Leasing LLC. The leasing program creates a financing package for equipment and services for Coyote's customers and to expand its own network. The lease financing is subject to certain conditions. The company also is in active negotiations with other third-party leasing companies.
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.
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
June 1, 2000 | Karen Alexander
Coyote Network Systems, a Los Angeles telecommunications company, said Wednesday that it will merge with HomeAccess Microweb, an Irvine incubator company owned by the electric and water utility concern Duquesne Enterprises. The firms will combine to produce a new line of low-cost Internet appliances--essentially telephones with video screens--that will be distributed free to subscriber homes and small businesses.
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.
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