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

To: MikeM54321 who wrote (5417)	4/7/1998 4:42:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 9068

Mike, the currently reported per share numbers are computed using about 44 million shares. Careful reading of the proxy indicates that almost all of the 60 million authorized shares are now obligated by outstanding options (about 16 million). Thus "full dilution" would require using 60 million shares in the calculation instead of 44 million.

To: MikeM54321 who wrote (5417)	4/7/1998 6:10:00 PM
From: Biomaven	Respond to of 9068

Mike, <<Are you saying the currently reported Price/Earnings and Price/Sales ratios take into account ALL shares outstanding and ALL shares (and options) held in reserve, no matter what the terms are for shares/options held by the company?>> No, the diluted earnings are based on options actually outstanding, and have nothing to do with shares or options held in reserve but not yet issued. I assume, but don't know, that the P/E and P/S ratios that people report are based on diluted earnings and not basic earnings, which are about 10% higher in the case of Citrix. Peter