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Politics : Idea Of The Day
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To: Michael Rich who wrote (15966)12/27/1997 9:21:00 AM
From: Logain Ablar  Read Replies (1) of 50167
 
Michael:

Re: CTXS. No split last year. Quick garbled history on stock action. CTXS had a falling out with MSFT.

The stock saw a high in the 50's it retreated to the low $30's and then the announcement where MSFT would not be renewing some licenses (and stock went from low $20's to $11 and eventually $9 and some change if I remember right). Stock bounced between $10 and $15 for 2 months as shareholder lawsuits were announced and then moved to high teens (while negotiations were in process with MSFT).

MSFT caved in in May and stock jumped from 19ish to $35 on one day (MSFT entered into licensing deal for NT 5, $100M and other payments of I think $50M). Languished there until Fed didn't move rates and then moved to mid $50's and retreated to mid $40's right after 2nd qtr earnings release (in July). Moved back to high $50's and when 3rd quarter earnings were 33% (I was out of stock by this time and forget the exact %) over forecast stock jumped to $78 (right before Oct. crash where stock retreated to $60 and bounced back to $75.

For my 2 cents the stock still has potential although it is trading at a high multiple. Mohan is shorting this due to Roger Babb's comments. Roger has been against the stock since it was in the teens. The company has some good aliances with MSFT & COMS and others? Ray Smith is still invested and can provide more perspective.

Tim
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