Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Roger A. Babb who wrote (5503)	4/20/1998 7:12:00 PM
From: David Lawrence	Read Replies (1) \| Respond to of 9068

>>Hard to tell if the market will choose to ignore the writeoffs, but it has ignored them with many other stocks. Roger, wouldn't you agree that the write offs are a non-issue, as they were previously disclosed in connection with the acquisitions? January 12, 1998: FORT LAUDERDALE, Fla., Jan 12 (Reuters) - Citrix Systems Inc said Monday it has signed a definitive agreement to acquire certain software technologies and assets of Insignia Solutions Plc (NASDAQ:INSGY) for $17.5 million and will take a $16 million charge as a result. The transaction, which is subject to customary closing conditions, is expected to close later this month. The company said the acquisition will be accounted for as a purchase. A substantial portion of the purchase price is expected to be allocated to purchased in-process research and development for which the company expects to incur a one-time charge to its operations, amounting to approximately $16 million, in the second quarter ended March 31. January 9, 1998: Citrix Systems, Inc. (NASDAQ:CTXS) today announced the signing of a definitive agreement to license technology from EPiCON, Inc. of Waltham, Mass. The technology license provides exclusive, worldwide rights to certain EPiCON technology for the multi-user, thin-client/server marketplace. The EPiCON technology is designed to provide centralized installation and maintenance of Microsoft Windows-based applications. Citrix intends to use the EPiCON technology to develop enhanced application installation and replication capabilities for the company's entire thin-client/server product line. Citrix expects to record a one-time charge to its operations of approximately $8 million in the first quarter of 1998 for the write-off of in-process technology associated with the licensing agreement.