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

To: Roger A. Babb who wrote (6593)	4/8/1998 3:23:00 PM
From: CatLady	Respond to of 18691

Roger, [CTXS] So far, from the proxy only, I agree with your interpretation that 16mil. share dilution is imminent. 10k could change my mind yet. <g> I still think the most likely use of new shares is for acquisitions, I've been expecting something in that area since I noticed that they don't seem to be spending too much on internal R&D. The shareholders will go along with management as long as the share price goes up. when it stops going up, then they'll question the blanket authority given to management. CL

To: Roger A. Babb who wrote (6593)	4/8/1998 4:14:00 PM
From: Mr Logic	Read Replies (1) \| Respond to of 18691

Roger, CTXS, would thoughts of a takeover be another reason for the large increase? I am interested in shorting CTXS but I think I'd rather wait for another quarter's numbers first. Patrick.

To: Roger A. Babb who wrote (6593)	4/8/1998 5:09:00 PM
From: Redman	Read Replies (2) \| Respond to of 18691

Roger I have always been very open to your comments, and found most to have some credibility. I agree that ctxs has a lot of issues to face in the future, but they are going about it right, in my mind. But, why I am posting this has to do with the increase in authorized shares. Virtually every single company I have ever invested in has this capability or has requested it. Every company needs the capability and does not want to go back to shareholders for every acquisition or split. I obviously would love the right to vote on every one, but it doesn't seem to work that way with any company. You are making a very big issue out of something that is going on with every public company. Look at disney, ge, dell, msft, amat and any other industry stock, the CEO's are getting way more than Iabucci and Templeton. Every company virtually has a blank check if there stock is marketable, most without any shareholder approval whatsoever, and if shareholder approval is necessary the management and their institutional buddies have the vote. You have many other good arguments to dwell on, I would just let this one pass. Keep the contrarian views coming !! green