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

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To: Don Edgerton who wrote (8227)6/9/2000 7:29:00 PM
From: mauser96  Read Replies (3) of 9068
 
Investor Relations was out of town??? A company with nearly 1/2 billion in sales only has one person to speak to investors? That's pitiful. Has the company forgotten that the people who lost 20% of their investment today aren't some unimportant group , they are the owners of the company , and a lot of them are upset. I know management isn't responsible for the short range stock action, but they owe it to stockholders, their ultimate bosses, to deal with their concerns in an efficient timely fashion. It's possible that insider ownership of only 4% is beginning to be a problem with this company. At some point insiders stop thinking of themselves as owner/managers and begin to think of themselves mostly in terms of their salary.
Despite the above,the company's business plan still appears to be on track, so I was a buyer today. That doesn't mean I'm happy with management. My CTXS holdings were enough to bring me a bit into the red today despite good market performance. Maybe CTXS considers today's action unimportant, but somehow I'm fond of seeing green totals.
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