Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert T. Quasius who wrote (8751)	8/11/2000 9:39:17 PM
From: Redman	Respond to of 9068

I like to see this !! This was taken from the CTXS 6/30/00 10Q. This would explain the recent activity. Red On April 15, 1999, the Board of Directors approved a stock repurchase program authorizing the repurchase of up to $200 million of the Company's common stock. Purchases will be made from time to time in the open market and paid out of general corporate funds. As of June 30, 2000, none of the Company's outstanding common stock had been repurchased under this program. As of August 8, 2000, the Company purchased 1,050,000 shares of outstanding common stock on the open market at an average price $15.12 per share. On August 8, 2000, the Company entered into an agreement with a counterparty in a private transaction to purchase up to 5.8 million shares of the Company's common stock at various times through the third quarter of 2002. Pursuant to the terms of the agreement, $100 million will be paid to the counterparty in August 2000. The ultimate number of shares repurchased will depend on market conditions.