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

To: Joe Casey who wrote (5497)	4/20/1998 5:47:00 PM
From: Redman	Read Replies (2) \| Respond to of 9068

This is a win-win for Citrix Systems. We can only gain from the milestones, if they are not reached then the original deal will pay out. Also, it looks like Citrix is pushing them to make sure windows terminals is in both nt4.0 and 5.0. This obviously to keep Citrix in the picture for as long as possible. green In addition, Citrix announced that on April 17, 1998 it had entered into an amendment to its May 1997 agreement with Microsoft(R) Corporation. Under the terms of the amendment, assuming certain milestones are reached by Citrix with respect to Microsoft(R)'s release to manufacturing of the Windows(R) Terminal Server product, Citrix's right to receive royalties on future sales of the Windows(R) Terminal Server product releases 4.0 and 5.0 under the 1997 agreement would be amended to require payment of the full amount in quarterly payments. Further among other matters, Microsoft(R) would commit to make commercially reasonable efforts to include Windows(R) Terminal Server product functionality in its base Windows(R) NT Server product. In the event that the milestones were not achieved, the existing royalties in the 1997 agreement of up to $100.0 million on sales of the Windows(R) Terminal Server product would continue to apply. In the event the milestones are achieved, Citrix intends to recognize the royalty payments ratably over the remaining term of the May 1997 agreement.

To: Joe Casey who wrote (5497)	4/20/1998 6:08:00 PM
From: Innuit	Read Replies (1) \| Respond to of 9068

Up 129%!!!! "not exactly blow out earnings". Are you serious? Any after-hours trade data?

To: Joe Casey who wrote (5497)	4/20/1998 6:22:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 9068

Joe, I thought the revenues were very good. I was expecting Winframe sales to falter while waiting on Hydra and it didn't happen. Hard to tell if the market will choose to ignore the writeoffs, but it has ignored them with many other stocks. Don't know if we will go up or down tomorrow, we will know by lunch.