Citrix Systems (CTXS) Message Board

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Technology Stocks : Citrix Systems (CTXS)

CTXS 103.90

0.0%

Nov 2 5:00 PM EST

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To: MikeM54321 who wrote (6229)	3/19/1999 3:55:00 PM
From: Zed	Read Replies (1) of 9068

The only reason I can think of for this sort of massive increase in the authorized number of shares is to purchase something. They have 150 million authorized now - enough to give out plenty of options, and to split. Maybe I am reading too much into this, but 'acquisitions' is first on the list of 'future corporate purposes' <<The company said the increase would provide sufficient flexibility for future corporate purposes, such as acquisitions, stock splits or dividends, convertible securities offerings and stock option plans.>> I'd like to see the reason explained better, but Citrix management have always been on the level with the shareholders, so I think it is probably good long term - a big acquisition for diversification so that they no longer depend on MS and WTS. Not holding any CTXS now, may consider getting in if it falls into the 60s Z

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