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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: Mark T. Heath who wrote (8185)	6/9/2000 11:10:00 AM
From: puborectalis	Read Replies (1) of 9068

Citrix falls on Microsoft worries By Tiffany Kary ZDII Citrix Systems Inc. (Nasdaq: CTXS) fell for a second day Thursday, dropping 20 percent on concerns that Microsoft's break-up could signal tougher competition, and the absence of its CFO from an investor conference. Shares were down 10 3/4 to 40 13/16 Friday, well off their 52-week high of 122 5/16. Bloomberg reported that investors became concerned yesterday about how a less-powerful Microsoft Corp. (Nasdaq: MSFT) would affect the company, since it adapts Microsoft's software for networks, and about the Citrix CFO's failure to show up for an investor speech. At Thursday's Painewebber conference, Citrix announced the CFO was absent for "personal reasons," and Chris Phoenix, the company's Vice President and General Manager gave a speech in his stead. The presentation was unevental and didn't contain anything that would worry Wall Street.

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