>>Hard to tell if the market will choose to ignore the writeoffs, but it has ignored them with many other stocks.
Roger, wouldn't you agree that the write offs are a non-issue, as they were previously disclosed in connection with the acquisitions?
January 12, 1998:
FORT LAUDERDALE, Fla., Jan 12 (Reuters) - Citrix Systems Inc said Monday it has signed a definitive agreement to acquire certain software technologies and assets of Insignia Solutions Plc (NASDAQ:INSGY) for $17.5 million and will take a $16 million charge as a result.
The transaction, which is subject to customary closing conditions, is expected to close later this month.
The company said the acquisition will be accounted for as a purchase.
A substantial portion of the purchase price is expected to be allocated to purchased in-process research and development for which the company expects to incur a one-time charge to its operations, amounting to approximately $16 million, in the second quarter ended March 31.
January 9, 1998:
Citrix Systems, Inc. (NASDAQ:CTXS) today announced the signing of a definitive agreement to license technology from EPiCON, Inc. of Waltham, Mass. The technology license provides exclusive, worldwide rights to certain EPiCON technology for the multi-user, thin-client/server marketplace. The EPiCON technology is designed to provide centralized installation and maintenance of Microsoft Windows-based applications. Citrix intends to use the EPiCON technology to develop enhanced application installation and replication capabilities for the company's entire thin-client/server product line. Citrix expects to record a one-time charge to its operations of approximately $8 million in the first quarter of 1998 for the write-off of in-process technology associated with the licensing agreement. |
