Citrix and Microsoft negotiations.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)--Feb. 26, 1997--Citrix Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ) announced Wednesday that during negotiations Tuesday with Microsoft Corp. regarding licensing of additional 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. technologies and the cross-licensing of certain Citrix technologies, Citrix was informed by Microsoft that it intends to provide system capability that permits concurrent use of the operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. by multiple end-users and additional remote access capabilities for future versions of Windows NT. Microsoft's notification does not affect the ability of Citrix to continue to ship its current and future versions of WinFrame(r). The companies are currently in negotiations regarding the cross-licensing of their technologies for future products. If Citrix and Microsoft are unable to agree upon the terms of such cross-licensing for future products, Microsoft has advised Citrix that it may develop the technology internally or may license such technology from alternative sources. There can be no assurance that such a cross-license will be entered into, or that the terms of any proposed cross-license will be acceptable to Citrix. In the event that Microsoft determines to develop the technology internally or to pursue alternative sources of the technology, Citrix believes that such determination would have a material adverse effect on the company's business, results of operations and financial condition. 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 management 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. protocol, management of growth, 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. -0- Citrix(r) and WinFrame(r) are registered trademarks of 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. All other trademarks are property of their respective owners. CONTACT: Citrix Systems Inc., Fort Lauderdale James J. Felcyn Jr., Chief Financial Officer 954/267-3000 |
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