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

To: Chaz who wrote (8566)	6/23/2000 8:53:00 AM
From: dreydoc	Read Replies (2) \| Respond to of 9068

Well, there it is....frankly I'm shocked that Ed's leaving. Interesting to watch the market reaction to this today. Citrix Announces Corporate Changes FORT LAUDERDALE, Fla., Jun 23, 2000 (BUSINESS WIRE) -- Citrix Systems, Inc. (Nasdaq: CTXS chart, msgs) today announced several corporate changes. The company's former CEO from 1990 thru 1998, Roger W. Roberts, has assumed the role of Chairman. The company has also commenced a search for a chief executive officer. Mark B. Templeton, the company's president and former CEO, will remain as president and a member of the board of directors. During the CEO search, Roberts will assume the role of chief operating officer, and Templeton and Roberts will be responsible for the daily operations of the company. The company's founder and former chairman, Edward E. Iacobucci, resigned as a director and left his position as an officer and employee of the company to pursue his vision of software as a service in cooperation with Citrix and other industry leaders. The company also announced that Michael W. Brown resigned from the board of directors but will continue to be available on selected matters. Brown served on Citrix's board as a director since July 1997, and previously served on the board from December 1991 to February 1994. "I thoroughly enjoyed teaming with Ed over the past ten years," Roberts said. "His vision and industry knowledge were the cornerstones on which Citrix was built, and everyone at Citrix wishes him well. Mike has also been a great supporter and advisor to the company since his initial election to the Citrix board in 1991. We sincerely appreciate the contributions he has made over the years and look forward to his continuing support," Roberts added.

To: Chaz who wrote (8566)	6/23/2000 8:35:00 PM
From: Hectorite	Read Replies (1) \| Respond to of 9068

C, I spent the day at the river today and was stunned to log in and read about Ed I. leaving and Templeton's demotion. I'm glad I wasn't here. Now I can think calmly about this over the weekend. Unlike most opinions posted here, my reaction is not positive. The continuity and cheerleading that Ed provides seems to outweigh any "blame" that could be assigned to him. I will be much relieved if the board actually has somebody in mind for CEO and this turns out to be an opportune time to bring in the fresh blood. And why did Brown resign? Somebody speculated that he could have been a source of leaks, perhaps due to his cozy relationship on wall street (he's an officer of NASDAQ, I think), but could he really be that dumb to jeopardize his reputation with slimy shenanigans? Hold it: I recall asking a similar rhetorical question a while back (think Monica) so I guess the answer is, "yep."