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.
This week, the Microsoft Worldwide Partner Conference is in full swing, and it’s the company’s largest partner event of the year. Ironically, not only does Windows Server 2003 officially and finally reach end of life today, but Citrix is making several announcements as well.
While you might think that you must upgrade to StoreFront 3.0 because of something Citrix-related, that’s probably not the case. Only if your users prefer Chrome as the local web browser for accessing Citrix resources and don’t wish to experience issues must you upgrade to StoreFront 3.0. We can blame it on Netscape and Google.
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 … Continue reading Is a Privatized Citrix in the Cards?
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.”
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 … Continue reading Citrix and Elliott Management: Impact on Customers