>>The company's founder and former chairman, Edward E. Iacobucci, resigned as a director and left his position as an officer and employee of the company to pursue his vision of software as a service in cooperation with Citrix and other industry leaders.<<
Ray -
Some kind of random thoughts:
You quoted this, and I agree that it's extremely interesting. Iacobucci has a good personal relationship with Bill Gates, which began in the 80's when IBM was working with Microsoft on OS/2. Ed was in charge of the development team for IBM, I believe. Anyway, that phrase "other industry leaders" has some fascinating connotations when viewed in that light.
I am not happy to see Ed Iacobucci leaving, and I thought of Jobs leaving Apple, too.
I notice Wall Street didn't seem to view this shakeup as positive. It seems to me that the whole thing only confirms the impression that things are in turmoil down in Florida. I do not see big political moves as being good for any company as a rule, but that doesn't mean that they can't be.
We'll have to wait and see. I know I don't have the stomach for selling at these levels.
- Allen
PS: I notice that nobody has paid any attention to the other Citrix news item today, namely that the company has invested a million bucks (which represents a larger portion of their market cap than it did last week) in V-One, a company which markets network security software. That makes it seem that management is still in a growth mode.
I still think chances of a buyout are less than 10%, and this kind of move confirms that for me. |
