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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

0.0%

Nov 2 5:00 PM EST

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To: jkb who wrote (7288)	11/26/1999 2:06:00 PM
From: Chuzzlewit	Read Replies (2) of 9068

Excerpt from CBS Marketwatch: Citrix for the server Here's a high flying technology stock that actually got a foothold in the business before the Internet explosion. And it's now positioning itself to build on its past by heading into the Internet's future. Citrix Systems (CTXS: news, msgs) has been around for ten years. It develops, markets, sells and supports client- and server-based computing software that allows for deployment of enterprise applications designed for Microsoft Windows operating systems. The products allow systems to run Windows applications without regard to location, network connection or type of hardware. At the Wall Street Research Net's Web site, Citrix is the company of the week because of where it's going, not where it's been. WSRN says Citrix is now moving into the realm of application service providers, or systems which run programs off the Internet instead of off their own servers. That frees up a lot of a user's server space. And it creates a need for the type of software Citrix has been developing. WSRN says the company currently has licensing agreements with 14 ASPs under a pay-per-user licensing agreement. ASPs like that because there's no up-front licensing fee; just a small monthly charge that's based on volume. And it's a market that WSRN estimates could grow to $2 billion in the next couple of years. WSRN says Citrix appears to be the leader in supplying infrastructure to ASPs, but cautions that technology changes rapidly and says there is no guarantee that the company can be a survivor. Citrix also relies solely on Microsoft and there is no assurance that their relationship will continue. And the stock has also been on a tear lately, having risen three-fold from its low this year.

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