[THIN] Re: ARTICLE: Citrix to pink slip 10 per cent
- From: "Shannon Wyatt" <swyatt@xxxxxxx>
- To: <thin@xxxxxxxxxxxxx>
- Date: Thu, 18 Jul 2002 18:28:55 -0400
Actually Microsoft originally licensed NT to Citrix, so the whole house
was built on Microsoft.
-----Original Message-----
From: thin-bounce@xxxxxxxxxxxxx [mailto:thin-bounce@xxxxxxxxxxxxx] On
Behalf Of M
Sent: Thursday, July 18, 2002 6:24 PM
To: thin@xxxxxxxxxxxxx
Subject: [THIN] Re: ARTICLE: Citrix to pink slip 10 per cent
I wonder if the guy who signed the deal to license multiwin to MS should
have this url as his home page ? http://users.pandora.be/p0p0/youare.swf
( Jims reply to the Nigerian scam merchants)
----- Original Message -----
From: "Jan Broucinek" <tinybeetle@xxxxxxxxx>
To: <thin@xxxxxxxxxxxxx>
Sent: Thursday, July 18, 2002 11:02 PM
Subject: [THIN] Re: ARTICLE: Citrix to pink slip 10 per cent
> I saw that yesterday in reseller news. So I guess it is true.
>
> Jan Broucinek, System Manager
> Arthur Rutenberg Homes, Inc.
> (727) 536-5900 voice
> (727) 536-7168 x245 direct
> (727) 538-9089 fax
> www.arhomes.com
>
> ----- Original Message -----
> From: "Jim Kenzig http://thethin.net"; <jimkenz@xxxxxxxxxxxxxx>
> To: <thin@xxxxxxxxxxxxx>
> Sent: Thursday, July 18, 2002 5:50 PM
> Subject: [THIN] ARTICLE: Citrix to pink slip 10 per cent
>
>
> > From theregister...hmmm.
> > JK
> >
> > Citrix to pink slip 10 per cent
> > By IT Analysis
> > Posted: 15/07/2002 at 09:33 GMT
> > http://www.theregister.co.uk/content/53/26186.html
> >
> > With its Q2 figures due to be announced on July 17th, Citrix has
> > given a broad hint as to the likely outcome and is pre-empting the
> > results by announcing that it expects to layoff around 10 percent of
> > its staff.
> >
> > This time last year, Citrix earned revenues of $147 million for the
second
> > quarter. The expectation for 2002 is somewhere between $116 million
> > and
> $118
> > million. Profits will dip from 12 cents per share to somewhere
> > between 5
> and
> > 6 cents. This may be adjusted to exclude amortization charges and
> > write-offs, giving earnings of between 6 and 7 cents per share.
> >
> > Citrix is not seeing this as a temporary blip. The estimate for Q3
> revenues
> > is set between $110 million and $115 million and the full year
> > figures
are
> > expected to come in at around $490 million. It is not surprising,
> therefore,
> > that it has felt the need to take quick action.
> >
> > The immediate consequence of the reduced profitability is that the
> > world-wide headcount will be reduced by 10 percent. It is believed
> > that
> the
> > current staffing levels are just below 2000 and so we can expect 200
> > job losses to occur. In addition to this, there will be a
> > significant
> reduction
> > in sales and marketing expenses but will focus more on direct sales,
> > so
it
> > shouldn't be too difficult to work out where the lay-offs will be
> focussed.
> >
> > The interesting part of the announcement, made by President and CEO,
Mark
> > Templeton, is his analysis of where things might be going wrong. The
> > indications are that revenues from electronic licenses and software
> > subscriptions are increasing by 15 percent. The problem seems to lie
> > in
> the
> > acquisition of new small customers.
> >
> > This is an area where Citrix has, traditionally, done reasonably
> > well as small business look to MetaFrame as a solution to their
> > terminal server requirements. In times of hardship, it seems, that
> > they turn to the free
> of
> > charge option from Microsoft. Microsoft Terminal Server is another
> > of
> those
> > bundled layers that offers the connectivity options that these small
> > businesses need but without some of the added value that Citrix
> > usually looks to provide.
> >
> > Templeton expects that these companies will, eventually turn to
> > Citrix
> once
> > they realise that they need that extra value. This has the effect of
> > lengthening the sales cycle for Citrix - in the shrink-wrap market
> > that usually has no sales cycle at all.
> >
> > Does this mean that one quarter or two quarters down the road, we
> > should
> see
> > those revenue levels picking up again as the Microsoft Terminal
> > Server
> users
> > move across to MetaFrame? Clearly the next quarter prediction
> > doesn't
> assume
> > so. The problem may be a long-term issue and maybe Citrix needs to
> > do something to maintain the attention of that audience.
> >
> > Shame about those marketing staff.
> >
> >
> >
> >
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>
>
>
>
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