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

To: David Lawrence who wrote (8899)	6/4/2001 11:15:53 AM
From: Micawber	Read Replies (1) \| Respond to of 9068

Thought we would get a reprieve from the selling so that I could unload, but the Street must be as angry about this move as I am, so the selling continues. Are all the old-time CTXS posters already out of this stock? Should I turn the lights out when I leave?

To: David Lawrence who wrote (8899)	6/6/2001 1:18:57 PM
From: jhg_in_kc	Respond to of 9068

i used to own this stock about a year ago. should I come back now? Citrix Q2 results to top estimates Shares jump in pre-market action By CBS.MarketWatch.com Last Update: 10:06 AM ET June 6, 2001 FORT LAUDERDALE, Fla. (CBS.MW) -- Shares Citrix Systems jumped nearly 20 percent Wednesday after the software maker said it expects revenue for the second quarter and the year to be about 5 percent higher than previously forecast due to "modest acceleration" in its core software business. FRONT PAGE NEWS H-P's caution hampers Dow, Nasdaq HP says tech slowdown spreads Oil drops amid surge in U.S. petroleum supplies Market news and more! Sign up to receive FREE email newsletters Get the latest news 24 hours a day from our 100-person news team. During a conference call with analysts Wednesday morning, company executives also said the integration of recently acquired Sequoia Software is going well. "We are very pleased that our core business continues to perform above expectations and the integration of Sequoia is proceeding on plan," said CFO John Cunningham during the call. Shares were up $4.45, or 18.8 percent, to $28.16 in early trading. Cunningham said Citrix now expects revenue growth to be in the range of 25 percent, compared to the company's previous projection of the "low 20 percent range." For the second quarter, the CFO said Citrix expects revenue to be up by about 5 percent from the first quarter and up in the "mid-20s" on a year-over-year basis. Executives also said during the call that dilution of earnings this year from the acquisition of Sequoia will be "in line with expectations." They said they expect the acquisition to detract "2 to 3 cents" from second-quarter earnings per share. Cunningham said Citrix still expects the acquisition to add to earnings in 2002. He said the company will provide more details about its financial performance when it reports second-quarter results on July 19. The stock traded up $2.29, or 9.7 percent, to $26 in pre-market action. Analysts had expected the portal software company to earn 18 cents a share during the period on revenue of $136.9 million, according to a First Call/Thomson Financial survey. Citrix (CTXS: news, msgs, alerts) makes application server software