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

To: JakeStraw who wrote (6216)	3/17/1999 12:52:00 PM
From: MikeM54321	Read Replies (2) \| Respond to of 9068

".....will result in gross proceeds to the Company of approximately $300 million to $400 million....The company stated that it intends to use the net proceeds of the placement for working capital and other general corporate purposes." Thread, With current cash sitting at $184.5 million, a current ratio of 2.87, and no long term debt, the statement about, "working capital and other general corporate purposes," is obviously boiler plate only. Something has to be in the works. Not knowing the legal details of an SEC filing, I'm just wondering if by issuing a zero coupon convertible, the identity of the, "private placement," can be kept secret? Maybe this is the purpose. A backdoor into ownership? Getting LESS interest than a US Treasury offers, must mean an extremely nice deal on the convertible aspect. Are their any SEC legal experts out there who can make a comment? Thanks, MikeM(From Florida)