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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Roger A. Babb who wrote (7293)11/19/1997 7:56:00 PM
From: Pancho Villa   of 9285
 
FORT LAUDERDALE, Fla. (Dow Jones)--Citrix Systems Inc. (CTXS) said that earlier statements about its margins and a fourth quarter charge "do not reflect any change in the company's outlook."

As reported, the company's chief financial officer told a technology conference earlier Wednesday that Citrix expected to take a pretax fourth quarter charge of $4 million and said the company's third quarter operating margins of 49% weren't sustainable.

In a press release issued after the company's stock was halted at 65, Citrix said the statements were "similar to public statements that we have previously made on a number of occasions, and today's statements do not reflect any change in the company's outlook."

While reiterating that the third quarter margins "can not be sustained on a long-term basis," Citrix said it was aware of "no material developments affecting the company and that the statements do not represent a change in management's outlook for the company."

Pancho
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