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

To: ALTERN8 who wrote (6227)	3/19/1999 2:05:00 PM
From: Redman	Read Replies (1) \| Respond to of 9068

Something is definitely up : March 19, 1999 08:04 Citrix Systems Seeks To Nearly Triple Authorized Cmn Shares (CTXS) Jump to first matched term (NewsTraders.com)-- Citrix Systems Inc. (CTXS) plans to solicit shareholder support to allow the company to increase the number of authorized common shares it can issue from 150 million shares to 400 million shares, according to preliminary proxy materials filed late yesterday with the SEC. The company said the increase would provide sufficient flexibility for future corporate purposes, such as acquisitions, stock splits or dividends, convertible securities offerings and stock option plans. Citrix's board considers the authorized-share boost advisable "to ensure prompt availability of shares for issuance should the occasion arise." As of March 9,there were 43.2 million shares of Citrix common stock outstanding, according to the company's annual report, filed March 10 with the SEC. Stockholders as of March 22 will be entitled to vote at the annual meeting, currently scheduled to be held on April 2 in Fort Lauderdale, Fla. Citrix Systems is a supplier of application server products and technologies for use with Microsoft Windows operating systems.