Executing the cognew statement at the bottom of Init:
Begin
212992087 	wait before entering repeat loop
0		CYCLE_TIME
96000000	clkfreq
212992087	wait at bottom of repeat loop
45		CYCLE_TIME
96000000	clkfreq
212992132	wait at bottom of repeat loop
45		CYCLE_TIME
96000000	clkfreq
212992177	wait at bottom of repeat loop
Each time through the repeat loop in main takes approximatel 1 minute
If I hardcode the value of CYCLE_TIME using an assignment statement,  the first printed value of CYCLE_TIME is still 0

Comment out the cognew statement in Init:
Begin
-1956097001	wait before entering repeat loop
480000000	CYCLE_TIME
96000000	clkfreq
-1476097001	wait at bottom of repeat loop
480000000	CYCLE_TIME
96000000	clkfreq
-996097001	wait at bottom of repeat loop
480000000	CYCLE_TIME
96000000	clkfreq
-516097001	wait at bottom of repeat loop
Each time through the repeat loop in Main takes 5 seconds.
If I hardcode the value of CYCLE_TIME using an assignment statement, it workes fine with the cognew in Init commented out 