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

To: David Lawrence who wrote (8066)	5/16/2000 1:47:00 PM
From: puborectalis	Respond to of 9068

Shares of Citrix Systems (CTXS, news, msgs) took a beating in the days leading up to the company?s quarterly earnings report on April 19 on rumors that the company?s results would fall short of Wall Street estimates. The earnings turned out fine, but the stock dropped even further in the days after the announcement, when analysts noticed a huge jump in accounts receivable. That can be a danger sign indicating that a company's customers are taking longer to pay, which in turn can indicate slowing demand for a company?s product. In a conference call, Citrix management said that the problem was related to changes in the way the company sold its products, and that this should no longer be an issue by the next quarter. In recent days, analysts have reported that Citrix Systems has been as good as its word. Both PaineWebber and Lehman Brothers said last week that the company?s sales are ahead of schedule for the current quarter, with none of the delays in locking up deals that pushed accounts receivable upwards in the last quarter. That troubling number should be down when the company reports again in July, the two firms concluded.