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Technology Stocks : Citrix Systems (CTXS) -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (7183)	11/18/1999 9:21:00 AM
From: Netstockfiend	Read Replies (1) \| Respond to of 9068

Actually, CS First Boston raised their CTXS target from 83 to 145 -- let's not short-change our favorite stock. Thanks CSFB!

To: Riskmgmt who wrote (7183)	11/18/1999 9:22:00 AM
From: David Lawrence	Read Replies (2) \| Respond to of 9068

NEW YORK, Nov 18 (Reuters) - CS First Boston said it boosted its 12-month share price target on Citrix Systems Inc. (NASDAQ:CTXS) to $145 from $83 previously and said the Internet software maker was positioned to significantly exceed current Wall Street expectations. -- Shares of Citrix shot up 7-1/4 in pre-open trading to 89 from Wednesday's close. -- Analyst Wendell Laidley said in a research note he was reiterating his strong buy rating on the stock after meeting with the head of Citrix's iBusiness unit. -- Said fourth quarter 1999 was tracking slightly ahead of expectations for $114 million in revenue and the Wall Street earnings consensus of 37 cents per share. -- Medium- to long-term outlook is "improving dramatically" based on the magnitude of early ASP wins, he said. -- Citrix supplies software for ASPs, or Application Service Providers, the emerging market for delivering software via the Internet, allowing companies to rent software and services rather than having to buy and manage them in-house. -- Laidley said he was bullish based on the company's position in an exploding market, robust product cycle, abundant design wins and "potential for significant upside relative to estimates." Copyright 1999, Reuters News Service