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

To: Mark T. Heath who wrote (8185)	6/9/2000 11:10:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 9068

Citrix falls on Microsoft worries By Tiffany Kary ZDII Citrix Systems Inc. (Nasdaq: CTXS) fell for a second day Thursday, dropping 20 percent on concerns that Microsoft's break-up could signal tougher competition, and the absence of its CFO from an investor conference. Shares were down 10 3/4 to 40 13/16 Friday, well off their 52-week high of 122 5/16. Bloomberg reported that investors became concerned yesterday about how a less-powerful Microsoft Corp. (Nasdaq: MSFT) would affect the company, since it adapts Microsoft's software for networks, and about the Citrix CFO's failure to show up for an investor speech. At Thursday's Painewebber conference, Citrix announced the CFO was absent for "personal reasons," and Chris Phoenix, the company's Vice President and General Manager gave a speech in his stead. The presentation was unevental and didn't contain anything that would worry Wall Street.

To: Mark T. Heath who wrote (8185)	6/9/2000 11:29:00 AM
From: GraceZ	Respond to of 9068

this volume surge over the past two days says there's more to this than the little guys like us will get to know until it's too late I used to think the same way, that there were experts and analysts that knew what is going on. That the big boys were in the know and that the public is somehow excluded from this kind of knowledge. All it took was for me to get to know one company really well to realize how false that conception is. Every time I hear some analyst explaining a company I know well on CNBC I'm convinced that these guys understand very little about the companies that they cover. They throw out a lot of the latest buzz words, but they really don't know the big picture. What is terrible is how many people depend on them and believe them. If you want to know what a company does, you use its products, you listen to the clients, you listen to the people who work there, the vendors that install the product and not those guys in the executive suite or the analysts on WS.

To: Mark T. Heath who wrote (8185)	6/9/2000 11:35:00 AM
From: mauser96	Read Replies (2) \| Respond to of 9068

Of course you may be right about not chancing CTXS because of the recent price action, but this kind of peculiar volatility is common in CTXS. The 3 reasons I've heard for the latest one are a downgrade (strong buy to buy ) from Dain Rauscher Wessels, the usual worries about competition from MSFT, and a management member missing a conference. In the latter case another company executive showed up. None of these seem important to me as a long term investor. For text of Business Week article see boards.fool.com I was impressed with the comment that Citrix has a 40% share of the $3.5 billion applications management software market