Why isn't Dell going to be at Citrix Synergy?

Posted by Brian Madden on May 14, 2008. send this link to your friendsprint this post
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Does anyone know why Dell is not sponsoring Citrix's Synergy conference next week? I though the two companies were on good terms, what with Dell now selling PowerEdge servers with embedded XenServer. Maybe Dell spent all their event money being a platinum sponsor of VMworld last year or being a platinum sponsor of VMwold Europe this year? Or maybe Fake Steve was right when he said that Dell will not bounce back from their current earning slump?

Reader Comments
Does it matter?
Friday, May 16, 2008 4:18:09 PM

Guest
Does it matter, and if so, why should it?  The players are going to be there, that is all I care about.
Better Yet...
Saturday, May 17, 2008 12:53:32 PM

Guest
Why isn't Dell, HP and the likes sponsering BriForum!  They'd be crazy not too.
hmmmm Possbile Mergers, Acquisitions, high pay raise, Corporate HQ re-location, Product delays, Re-D
Saturday, May 24, 2008 11:18:57 AM

Guest
AP – High PAY raise for Citrix CEO.
Citrix CEO 2007 compensation up 80 percent to $5 million
Wednesday April 30, 2:24 pm ET
By Barbara Ortutay, AP Business Writer
Citrix CEO Templeton receives 2007 compensation valued at $5 million, up 80 percent from 2006 NEW YORK (AP) -- Mark Templeton, the president and chief executive of Citrix Systems Inc., received a compensation package valued at $5 million in 2007, up 80 percent from a year earlier, according to a proxy statement filed Tuesday. Fort Lauderdale, Fla.-based Citrix develops infrastructure technology used to deploy software over wireless and wired networks. Templeton's base salary of $675,000 grew 17 percent from 2006, according to a filing with the Securities and Exchange Commission. He also received $637,210 in non-equity incentive plan compensation, down 12 percent from $727,620 in the previous year. Like many companies, Citrix links annual cash incentive compensation to financial targets. Citrix also gave Templeton a bonus of $120,924. He received no bonus last year. Templeton's perquisites totaled $125,841 in 2007, more than triple $38,055 in 2006. Most of the increase was from travel expenses for his spouse. Citrix paid $15,372 in spousal travel reimbursement and $74,887 in related tax gross-up payments. He also was awarded $9,050 in 401(k) matching contributions and $26,532 in life insurance and disability premiums. The company also granted its CEO stock options valued at $3.4 million on the days they were awarded -- up from $1.4 million in 2006. The AP's total pay calculations include executives' salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission. Citrix reported 2007 earnings of $214.5 million, or $1.14 per share, up 17 percent from a year earlier as revenue grew 23 percent to $1.39 billion. The company's shares gained nearly 41 percent during the year.Possible Acquisition Nasdaq traders bid up Citrix stock Tuesday on takeover rumors that have either IBM or Cisco purchasing the application delivery vendor.Citrix’s stock went from a low of $30.60 Tuesday to a high of $33.75. Rumors of Citrix being purchased fueled the higher trading prices, says Jeffrey Gaggin, an enterprise software analyst for Avian Securities. Gaggin cautions that he has no way of knowing whether the rumors hold any truth.But it would make sense for IBM or Cisco to purchase Citrix because Citrix’s acquisition of XenSource last year made it a strong player in the virtualization market, Gaggin says.TheStreet adds the following financial analysis:But even at what seems like a bargain price, Citrix isn’t cheap: With a market cap of $6 billion and expected revenue growth of 17% to $1.63 billion this year, the stock could command a fair premium, taking the potential buyout price north of $7 billion, assuming a premium of 15%.IDC analyst Stephen Elliot sees some rationale for IBM and Cisco to go after Citrix. IBM could make the XenSource hypervisor its preferred brand and could better compete against VMware and Microsoft. This would run counter to H-P’s strategy, which has professed to being indifferent on the hypervisor question, Elliot said.On Citrix’s side, IBM would lend “a lot more credibility” to the XenSource virtualization platform and provide development resources. “There are a lot of opportunities,” Elliot said.  Employees leavingThere has been chatter on the floor as well as in closed executive meetings, that there have been concerns of a high employee resignation turnout over the course of two months. Hmmm I wonder if it is the imminent fate of an acquisition or relocation or emphasis and focus of building the "NEW" Citrix in California.  Word has gone around that partners and vendors are wondering why some key Citrix employees have moved or have been asked to move to California. Employees are frustrated with the delays and are anticipating a new flavored Xen App.
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