IBM / Cisco Eyeing Acquisition of Citrix?

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.

9Apr2008 | Robin Wauters | 0 comments | Continued