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

To: David Perfette who wrote (7988)	5/6/2000 2:50:00 PM
From: Redman	Read Replies (3) \| Respond to of 9068

I just received the CTXS 10K today, and I am going to go through it very carefully, even though lots of things for the better have happened (except for stock price). BUT, one interesting tidbit is that, and I assume as of 12/31/99 since that is the date of information, CTXS ICA had "over 15 million users." WELL, they just released a PR on May 4, 2000 stating "24 million users have now adopted its Independent Computing Architecture (ICA©) since it was introduced in 1995, demonstrating the continued adoption of application server-based computing." If my math is correct, they have increased the number of users 60% in just over 4 months. That is growth. Red

To: David Perfette who wrote (7988)	5/7/2000 10:28:00 AM
From: Heeren Pathak	Read Replies (2) \| Respond to of 9068

David, I agree that increasing deferred revenue is a good sign. That means that Citrix has gotten money which it chose not to recognize. I wasn't trying to infer that Citrix is doing anything wrong. I was trying to make people aware that you need to be careful when certain trends appear. The one thing I am planning on doing as I find time is to better understand Citrix's revenue recognition policy. This will let me better understand the factors behind the increase in deferred revenue and the risks that this revenue might not be recognized. Heeren