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

To: Redman who wrote (8291)	6/12/2000 8:42:00 AM
From: mauser96	Respond to of 9068

press.citrix.com earnings as you said, revenue $105 to $110 million. They are having trouble penetrating big accounts. Obviously this news has slipped out to institutional investors long before it reached us peons.The company has no credibility with me anymore. I'm going to write the SEC, and hope others do the same. We have been suckered. I never thought the company would do something like this. Well, live and learn. Thank goodness it's not one of my bigger holdings. What to do now?

To: Redman who wrote (8291)	6/12/2000 8:58:00 AM
From: Riskmgmt	Read Replies (2) \| Respond to of 9068

Red and thread..now we know. Monday June 12, 8:02 am Eastern Time Company Press Release Citrix Systems Announces Preliminary Expectations for Second Quarter of Fiscal 2000 Conference Call To Discuss Business Developments Will Be Held at 9:00 a.m. EST FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 12, 2000--Citrix Systems, Inc. (Nasdaq:CTXS - news) today announced preliminary expectations for the second fiscal quarter ending June 30, 2000. For the quarter, the company expects to report total revenue in the range of $105 million to $110 million, compared to $94.4 million in the second quarter of 1999. The company expects to report earnings per share, excluding the amortization of intangible assets relating to business combinations, in the range of $0.09 and $0.11, compared to $0.16 for the second quarter of 1999. The expected results announced today are lower than the consensus estimates of Wall Street analysts for the company's quarterly performance. The company believes that these revised estimates result from several factors, including: -- the transition in certain accounts from a predominantly shrink-wrap "box" licensing model to a paper/electronic licensing model is occurring faster than expected, which is having a short-term negative impact on revenue growth; -- the expansion of core business within large enterprise accounts is progressing more slowly than expected; and -- the expansion of the company's business in certain markets, including Asia, is progressing more slowly than expected. ``While we are disappointed in the rate at which we are penetrating large enterprise accounts and new geographic markets, we continue to be optimistic about the opportunities presented in the application serving market,'' said Mark Templeton, Citrix president and CEO. ``Further, although the transition to a paper/electronic licensing model is negatively impacting revenues in the short-term, we believe the acceptance of this program by our channel partners will ultimately have a long-term positive impact on our revenue growth.'' Citrix will host a conference call at 9:00 a.m. EST to discuss these business developments. The dial in number is 703-871-3025 and the call can also be accessed through the Internet at www.vcall.com or www.streetfusion.com. Citrix will announce final results for the quarter on July 19, 2000, 5:00 p.m. EST.