To: Timoteo who wrote (1599 ) 1/26/1998 3:19:00 PM From: Mama Bear Read Replies (1) | Respond to of 18691
CTXS announced a 3:2 split today. Barb --------------------------------------------------------------------- FORT LAUDERDALE, Fla., Jan. 26 /PRNewswire/ -- Citrix Systems, Inc. (Nasdaq: CTXS) today announced that its Board of Directors approved a three- for-two split of the company's common stock to be effected in the form of a 50% stock dividend. The dividend is payable on or about February 20, 1998 to shareholders of record as of February 12, 1998. Shareholders will receive one additional common share for every two common shares held as of the record date. Cash will be paid in lieu of fractional shares. Upon completion of the stock split, Citrix will have approximately 41,473,086 shares of common stock outstanding. "Over the last year Citrix has emerged as a leading provider of solutions which capitalize on the benefits of the thin-client/server computing architecture. The stock market has rewarded our performance and earnings growth. Therefore, we believe that a three-for-two stock split will increase the stock's liquidity, broaden its marketability and continue to improve shareholder value," said Roger W. Roberts, Citrix's chief executive officer. Founded in 1989, Citrix Systems, Inc. is a leader in system software for thin-client/server computing. The WinFrame product line and ICA thin- client/server technology are marketed through a worldwide business alliance of value-added resellers, system integrators, OEM licensees and industry associates. Citrix is based in Fort Lauderdale, Florida and is traded on the Nasdaq National Market under the symbol CTXS. For more information, please visit the Citrix website at citrix.com . Forward-looking statements in this release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, as well as statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the company's ICA protocol, management of growth, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, and risks associated with competition and competitive pricing pressures and other risks detailed in the company's filings with the Securities Exchange Commission. The Citrix(R) logo, WinFrame(R) and ICA(R) are registered trademarks of Citrix Systems, Inc. MultiWin(TM) is a trademark of Citrix Systems, Inc. for which there is a pending application for registration in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are property of their respective owners. To receive additional information on Citrix Systems, Inc., via fax, at no charge, dial 1-800-PRO-INFO and enter code CTXS. SOURCE Citrix Systems, Inc. CO: Citrix Systems, Inc. ST: Florida IN: CPR SU: 01/26/98 08:55 EST prnewswire.com