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To: Mike Buckley who wrote (24223)	5/5/2000 9:25:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Last nite the gremlins at SI wouldn't let me respond to posts. I'm placing all my responses in this post. --Mike ===================== Dale, Fascinating stuff about the Denver Rock Drill and your family's involvement. If tekboy thinks that is thread bloat, especially considering the context you provided about discontinuous innovations, etc., I'll tip the waiter big-time to spill coffee in his lap Saturday evening. :) --Mike Buckley =================== From now on, we should not call companies like QCOM, CSCO, SEBL, ORCL primates, lest someone get the idea we think they are just part of a religious hierarchy. I can't imagine people would think that. Doesn't everybody know they're part of a cult? :) --Mike Buckley =================== Lynn, I wrote: "I buy a stock expecting it will go down" You countered: "I know the feeling, but you don't really: deep down you think it will go up or you wouldn't buy it." No, that's really not the case. All joking aside (truly!), I never have an opinion about whether a stock will go up or down soon after I buy it. I make no attempt whatsoever to determine that. It doesn't matter to me. But I do have anecdotal evidence that almost every stock I have ever owned has been lower than my purchase price at some time including the wildly successful ones. --Mike Buckley ==================== Chaz, About Citrix: Another competitor on a small scale you didn't mention is GraphOn. It's interesting that the company presented product at a booth at Citrix's conference a year or two ago. None of us in the Citrix folder ever figured that out. 3) Fire sale...the company is profitable for Pete's sake, yet it's taken just about the worst punishment of any stock I follow, for absolutely no valid reason that I can find. Maybe I should say, have found yet, cause I'll keep looking. What do you think the company's fair value is? Depending on your thoughts about that, they may answer that question for you. --Mike Buckley ====================== Sunny, Not to jump into the middle of your discussion with Chaz, but, ummm, that's what I'd like to do if you don't mind. :) What did [Citrix] buy and what do they plan to do with the excess cash they borrowed? Teach me something, please. I rarely pay attention to investment cash flow statements because I focus instead on operating cash flow. Does investment cash flow imply that the cash was used only for purchases? I assumed it included other kinds of investments in the ongoing business but I could be very wrong. With that $300 million in borrowed cash I figure that they plan on doing a leveraged buy-out of whatever portion of Microsoft is the smallest after the DOJ breaks them up. :) Seriously, none of us in the Citrix folder have been able to come up with anything that seemed to be a particularly reliable prediction about that. 2. the earnings estimate calls for 45% growth for the next 5 years, yet next year projected earnings only increase ~ 25%. Do you have any thoughts or insight on this? That's a classic example of why I totally ignore 5-year estimates. I think there's a good chance that analysts will raise the short-term estimates over time but I have no idea if the final estimates will get close to 45%, especially with the recent concern about slightly decreasing margins. --Mike Buckley