Citrix Systems Inc. Makes Announcement.FORT LAUDERDALE--(BUSINESS WIRE)--Nov. 19, 1997--Citrix Systems, Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ) today was alerted that certain statements made by its chief financial officer were referred to in a news article which was carried by Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance . These statements referred to the company's previously announced acquisition of Datapac Australasia Ltd. and a related non-recurring pre-tax charge of $4.0 million for in process research and development, as well as a statement regarding the company's 49% operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: as being "not sustainable." Although it is generally not the company's policy to comment on movements in the company's stock price or market rumors, the company's chief financial officer, James J. Felcyn, Jr., stated: "My statements regarding the acquisition charge and the company's operating margins made earlier today are similar to public statements that we have previously made on a number of occasions, and today's statements do not reflect any change in the company's outlook." With respect to the company's operating margins, he added: "As I have previously stressed on many occasions, and as I noted earlier today, operating margins at that level can not be sustained on a long-term basis." He indicated that the company was aware of no material developments affecting the company and that the statements do not represent a change in management's outlook for the company. Forward-looking statements in this release 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 the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, as well as statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the company's ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. (R) protocol, management of growth, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, risks associated with competition and competitive pricing pressures, and other risks detailed in the company's filings with the Securities and Exchange Commission, including its 1996 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its Third Quarter 1997 Form 10-Q Form 10-Q See 10-Q. recently filed with the Commission. CONTACT: Citrix Systems, Inc. Deepa Swamy, 954/267-2346 deepas@citrix.com |
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