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

To: mauser96 who wrote (8275)	6/11/2000 6:06:00 PM
From: Redman	Read Replies (1) \| Respond to of 9068

Lucius I think it should be pointed out that the Officers of CTXS, at least Ed and Templeton, have never had a material % ownership in the stock. If I had to guess, there ownership has increased over time, as they have probably held more options than they sold...again a speculation without research. They sold a big chunk of company to msft, intc and some venture firms to get things going...before the IPO obviously. And as for sales, I have been in the stock since 1996 (shortly after they went public) and they have always divested stock throughout the years at about the same pace. The difference now being that there options are a % of outstanding shares.....and they had 23M when I bought and now have 183M. So, they are granted a much larger # of shares than before, and are subsequently selling more shares. I will say, compared to most tech companies.....our management is not greedy in the least. They take hardly anything compared to some of the share pigs out there who control the board. My two cents. Red

To: mauser96 who wrote (8275)	6/11/2000 6:06:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 9068

Thread- I don't believe this has been posted yet. Sorry if it has. It contains some more details about the downgrade. -MikeM(From Florida) ********************** Citrix Falls 2nd Day on Concern About CFO, Downgrade By Andria Cheng Fort Lauderdale, Florida, June 9 (Bloomberg) -- Shares of Citrix Systems Inc., which adapts Microsoft Corp. software for networks, fell 20 percent amid concerns its business is slowing. The shares fell 10 3/8 to 41 3/16 in Nasdaq Stock Market trading of 50.2 million shares, making them the most active U.S. stock. Citrix's market value has plunged by more than $3 billion in the past two days, to less than $8 billion. Dain Rauscher Wessels analyst Sarah Mattson today downgraded Citrix to ``buy'' from ``strong buy,'' citing evidence that some customers were delaying purchases. Citrix fell 14 percent yesterday after Chief Financial Officer John Cunningham skipped a presentation at an investor conference. Cunningham sent another executive to the PaineWebber Growth and Technology Conference 2000 in New York instead. ``There were signs that the company wasn't growing as fast as it had been,'' said Michael Cristinziano, an analyst at Gerard Klauer Mattison, who has a ``buy'' rating on the stock. ``When an officer doesn't show up ... investors interpret it as, `they must be hiding something.''' Citrix, based in Fort Lauderdale, Florida, said a spokesman couldn't comment until Monday. Some Citrix customers are delaying purchases until later in the second quarter, Mattson said. That may cause Citrix to reduce prices or give customers better terms to meet sales goals, she said. Mattson said any problems shouldn't last long. Citrix is starting to do business with larger customers, which often put off buying decisions. Before yesterday, Citrix's shares had slid 53 percent in three months. Analysts cited worries about the company's shrinking profit margins and the potential impact of a breakup of Microsoft. Microsoft, the world's biggest software maker, last year accounted for about 8 percent of Citrix's sales of $403 million. U.S. District Judge Thomas Penfield Jackson on Wednesday ordered a split of Microsoft, ruling it had violated antitrust laws.