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

To: JMD who wrote (8570)	6/23/2000 9:55:00 AM
From: Riskmgmt	Respond to of 9068

JMD: My reaction however is that the BIG steps have been taken, i.e., the founder and chairman, the CEO, and one other board member are out. Not quite correct. The Chairman and founder Ed Iacobucci and a director M. Brown is leaving . The CEO Mark Templeton is not leaving but stepping down as CEO, he remains as president and a directer. Ray

To: JMD who wrote (8570)	6/23/2000 10:42:00 AM
From: Bosco	Read Replies (1) \| Respond to of 9068

Hi Mike, Ray & all - thx for the thought. Ok, here is another consideration, in light of this morning release, did someone know something, hunch or otherwise, to cause the run yesterday. I understand there were probably a lot of short coverings, but, as I ve stated yesterday, fearing of a trap, I ducked out of the stock. Alas, the fear is now valid in hindsight. I am not a conspiracy buff :), and I certainly would like to credit the sharp eyed watchers to sniff in the wind that the news is coming. However, again, my paranoid self hopes the co didn't try to win back WS favor by disavowing small investors like us. best, Bosco

To: JMD who wrote (8570)	6/23/2000 11:23:00 AM
From: Shaw	Read Replies (3) \| Respond to of 9068

Mike and Ray, Mike I agree the shake up is a good thing, I was actually walking around late last night thinking that this sort of thing needs to happen, to deal with the issue of management's credibility. Ray I agree, seeing the founding father of the co. jump ship, marks the end of an era, and in this case the loss of a creative force. Mike I concure with your thoughts, concerning the CFO. Also you need him until his replacement is found. I have to feel for any management in this situation though, the pressure of finding a way to put a good face on extremely disappointing earnings must be intense, especially with Wall St.'s expectations to preform, always being so high. Mike's thoughts As to the CFO, I think it's too early to call. There's always the possibility that the Board and current CEO felt that he was 'under orders' and is therefore innocent, but I feel that misses the point. His credibility on the Street seems shot to hell, and restored credibility has to be at or near the top of CTXS' objectives. It seems more likely that the new CEO will insist on naming his own guy to the CFO slot, which will give the current CFO a much more graceful exit from what is now a very, very ugly stew. This is a very positive FIRST step. Now let's see who they can recruit to get the show back on the road. Mike Doyle