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

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To: Riskmgmt who wrote (8792)10/18/2000 5:25:08 PM
From: David Lawrence   of 9068
 
That should be well received, but it's not going to blast CTXS back into the stratosphere.

-- Electronic delivery of licenses grew this quarter to 20% of product sales compared to 16% in the previous quarter. Separately, total worldwide channel inventory was reduced during the quarter in response to the new product distribution mix.

I hope someone gets them to quantify this at the CC. How big a sales hit did they take for this channel inventory reduction? Electronic licensing may have actually grown faster (in real dollars) than it appears from the overall revenue growth rate, but the 20% vs. 16% would tend to indicate not.
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