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


To: Riskmgmt who wrote (8308)6/12/2000 10:45:00 AM
From: astyanax  Read Replies (1) | Respond to of 9068
 
As Ray Smith mentioned, the final question was quite striking. The analyst said that the way management handled this was "Atrocious...and you're gonna lose a lot of credibility." A long pause followed with management trying to assuage his concerns before perfunctorily concluding that they'll "take that as our last question." I wonder who that analyst was, I never heard such a hostile remark before. If he has investment banking business with the company, you can expect that he just lost it.
- Netconductor



To: Riskmgmt who wrote (8308)6/12/2000 10:48:00 AM
From: Innuit  Read Replies (3) | Respond to of 9068
 
I am disappointed at what at first glance seems to have been selective disclosure of information.

Obviously some big money knew on Thursday what was going on. More big money knew on Friday. In the absence of any info from the company people bought in good faith the 50 million that were sold on Friday. Some on this thread.

Once the cat was out of the bag they should have just come out and made their statement. They lost a huge amount of credibility today and that is one of the reasons we are all feeling the pain. We got whacked 3 times instead of once!

What now? Buy, sell or hold? Or pray?



To: Riskmgmt who wrote (8308)6/12/2000 11:15:00 AM
From: peggylynn  Read Replies (1) | Respond to of 9068
 
not only was he very disappointed in what has happened but the way it was handled IR wise was over the last 2 week has been atrocious and that they will loose a lot of credibility.

Ray - My net connection went down right before the end of the call. Could you give us the gist of what the company's response to this question was? Thanks. - peggylynn