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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Michael Berkel who wrote (611)1/12/1998 4:42:00 PM
From: Roger A. Babb  Read Replies (1) | Respond to of 18691
 
Michael, I don't think we can read anything into the CTXS price action today except that it bounced back with the entire market. The next couple of days should tell the story. Earnings will be announced on Jan 20th after market. INSGY announced today that it sold its Winframe add-on technology to CTXS for $17 million cash. INSGY is one of the major re-sellers of CTXS products and also said in the announcement that sales were down in the 4th Q.