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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 (6557)	5/18/1999 5:28:00 PM
From: Riskmgmt	Read Replies (2) of 9068

Re 1. Did they ever really say exactly why they raised $400 million on the convertible bond offering? Mike: The question was asked by a shareholder at the end. I didn't make notes but from what I recall CFO said that it was wise to raise cash when they can get it, the cost of borrowing was small. It was also intimated that cash would be used to increase the visibility of the company, or for acquisitions or for (I believe they said) stock options. It was explained that the terms were quite advantageous to the company but I don't remember the details. 3. Did they tell you the status $200 million stock re-purchase program? No. Mike I don't know that I fully conveyed how powerful the meeting was. Although not as well attended as last year every shareholder I saw at the end had a confident smile on their face. Ed was great at explaining why this company, why now. They showed a key board with ICA that you could access the internet with as well as some other small devices. The write up that you did on the ASP's fit right in. It truly is the new paradigm and we are in the forefront for a change. I intend to add to my holdings on any dip. regards, Ray

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