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Technology Stocks : Citrix Systems (CTXS)
CTXS 103.900.0%Nov 2 5:00 PM EST

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To: Mike Buckley who wrote (7720)3/31/2000 9:01:00 AM
From: Innuit  Read Replies (2) of 9068
 
CTXS has always been "overvalued" but the earnings always "caught up" to the price one to two quarters later. One buys a stock not for what it is worth today, but what it will be worth later. Later is defined as a day, a month, a quarter, a year, 3 to 4 years depending whether you are a day trader, a speculator, an mutual fund manager, or an medium or long term investor.

What we are seeing now is the "quarter investor" shuffling accounts to window dress portfolios.

CTXS makes money and is will make much more in 2 to 3 years when probably its software is part of the Symbian Consortium handset 16 bit operating system, and people stop shipping software by CD but use ASP technology. CTXS is at the forefront of two potentially explosive areas of growth.

MSFT which owns 5 percent of CTXS desperately needs to become a player in the "new economy". Their cash cows, NT and Office, are "old economy". I have believed for a while that CTXS would be a wonderful takeover by MSFT or one of the established "new economy" companies (SUNW or ORCL). The price right now is not bad.
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