Citrix vs. VMware: Looking back over the past year, we see that 2015 brought numerous unexpected twists and turns for both Citrix and VMware, and each excelled in different ways. No one expected VMware to be acquired by Dell, nor was the disruption by Elliott Management foreseen on the Citrix calendar of events. The full impact …
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Is Citrix Trying to Sell Itself?
Several news resources have reported that Citrix is trying to sell the entire company to Dell. Reuters first broke the story late on Tuesday evening, and other news agencies have followed suit.
Citrix: Out with MarkT, In with Elliott Management
Citrix announced late yesterday that Mark Templeton will be retiring and that its board of directors is searching for a new CEO. Is this deja vu or real? While this isn’t the first time that Mark Templeton has announced his retirement, it appears that this time he is indeed imminently retiring.
Is a Privatized Citrix in the Cards?
Elliott Management has a plan for Citrix. Shake out sales and marketing, sell GoTo and NetScaler, dump the dead wood, and shut down all blue-sky research. There has been no response yet from Citrix beyond a brief note to say “we’ll get back to you on that,” but you can bet that CEO Mark Templeton …
Citrix’s Future under Threat from Elliott Management
Activist hedge fund Elliott Management is shaking things up at Citrix Systems after disclosing a 7.1% stake in the company and offering a plan to create a leaner, meaner Citrix, citing the need for change following “years of layered complexity and expenses.”
Citrix and Elliott Management: Impact on Customers
Yesterday, Elliott Management, a 7.1% owner in Citrix Systems, advised Citrix in writing that drastic changes are needed in order to refocus the company and return it to profit. Elliott not only voiced concerns about the current modus operandi, but it aggressively proposed ways that it could return Citrix to a positive trajectory by making …
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