Citrix Signs Agreement With Microsoft; Agreement Provides Citrix With Continued Access to Key Microsoft Code.Business Editors & High-Tech Writers FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--May 16, 2002 Citrix Systems Citrix Systems' (NASDAQ: CTXS) is an American technology company, based in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, with additional development centers in Australia, India and the UK. , Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ), a global leader in virtual workplace software and services, announced today that it has reached an agreement to formalize continued access to Microsoft(R) Windows(R) Server code. In 1997, Microsoft and Citrix entered into an agreement whereby Citrix developed technology for Microsoft that is now part of the Windows server See Windows Server 2008, Windows Server 2003, Windows Home Server, Windows 2000 and Windows NT. operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . Bob Kruger, senior vice president, product development and chief technology officer for Citrix, said today's agreement is a logical next step in Citrix's relationship with Microsoft. "This deal does not extend the 1997 agreement," Kruger said. "Rather it ensures that Citrix will continue to have access to new Windows releases in the future. It also demonstrates Microsoft's recognition of the value Citrix solutions add to the Microsoft platforms." Citrix will have access to current and future Microsoft server operating systems See network operating system. including access to Terminal Server interfaces for three years. Citrix(R) MetaFrame(R) application serving software works with and adds value to the Windows server operating systems. The program agreement does not include financial payments to or from either party. Conference Call Information Citrix will host a conference call today at 8:30 a.m. EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT to discuss the details of the agreement. The conference call may be accessed via webcast at http://www.citrix.com/investors or by dialing 888/799-0519 or 706/634-0155, using passcode: CITRIX. A replay of the conference call will be available through May 24, 2002, by dialing 800/642-1687 or 706/645-9291 (passcode required: 4234355) and via webcast at http://www.citrix.com/investors. About Citrix Citrix Systems, Inc. is a global leader in virtual workplace software and services that provide access to applications, information, processes and people on any device, over any network, anywhere, anytime. Citrix makes today's digital office completely virtual - instead of having to go to your office, the office follows you. Working with the world's top industry, integration and consulting partners, Citrix delivers enterprise-ready solutions to business challenges including application deployment, remote office connectivity, workforce mobility and business continuity. More than 120,000 companies worldwide use Citrix Solutions for the Virtual Workplace to give users more mobility, give IT organizations more flexibility and reduce the cost of computing. Citrix offers two families of products that enable virtual access to information: Application Server software, including MetaFrame XP(TM), MetaFrame for Windows and MetaFrame for UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R); and Access Portal software Portal Software was founded in 1985 as Portal Information Network, one of the first ISPs in the San Francisco Bay Area. It was founded by John Little. The company offered its own interface through modem access that featured Internet email. , including NFuse(R) Elite and NFuse Classic. The company markets its products through a well-established indirect channel comprising more than 7,000 resellers, integrators and consultants. In fiscal 2001, the company had net revenues of $591.6 million. Citrix is traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (SM) under the symbol CTXS, and is part of the Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index 500 Index. Citrix is headquartered in Fort Lauderdale, Fla. For more information, please visit the Citrix Web site at http://www.citrix.com. For Citrix Investors This release contains forward-looking statements which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements regarding planned product introductions, management's plans, objectives and strategies, and management's assessment of market factors, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitation, acceptance of the company's MetaFrame and portal software product line; the company's product concentration and its ability to develop and commercialize new products and services; the company's success in expanding into new geographic and vertical markets; the company's ability to expand its core business in large enterprise accounts; the size, timing and recognition of revenue from significant orders and other revenue recognition changes; increased competition, including potential competition from Microsoft and other companies; the results of the company's new licensing programs; changes in the company's pricing policies or those of its competitors, including Microsoft; the costs and risks of developing, acquiring, or integrating new technologies or enhancements to existing products; the risks associated with third party licensing arrangements; the company's reliance upon its strategic relationships with Microsoft and other strategic partners; management of growth and higher operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. ; the possibility of undetected software errors; dependence on proprietary technology; charges in the event of the impairment of assets; the maintenance of the company's growth rate; as well as risks of downturns in economic conditions generally, and in the software industry specifically, and other risks detailed in the company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. Citrix(R), MetaFrame(R), MetaFrame XP(TM) and NFuse(R) are registered trademarks or trademarks of Citrix Systems, Inc. in the U.S. and other countries. Microsoft(R), Windows(R), and Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. (R) are registered trademarks of Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, . All other trademarks and registered trademarks are property of their respective owners. |
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