Business Services Industry
Concurrent Computer Corporation Conference Call to be Broadcast From It's Web Page on Wednesday January 3, 2001 at 9:00 a.m
Business Wire, Dec 27, 2000
Business/Technology Editors
ATLANTA--(BUSINESS WIRE)--Dec. 27, 2000
Concurrent Computer Corporation (Nasdaq:CCUR), today announced that it will hold a conference call on Wednesday January 3, 2001 at 9:00 a.m. to discuss and answer questions regarding the press release issued the morning of December 27, 2000 announcing that it has revised its second quarter fiscal year 2001 revenue and earnings expectations due to the short-term delay of three new Video-On-Demand (VOD) system deployments from the second quarter to the third quarter of fiscal 2001.
Related Results
The conference call will be available to the public either LIVE or tape delayed from the company's web page. To access the call, go to the company's internet web page at www.ccur.com and click on the Investor Relations icon.
About the Company
Concurrent Computer Corporation (http://www.ccur.com), headquartered in Atlanta, Georgia, is a leading provider of high-performance computer systems, software, and servers. Concurrent Computer Corporation's XSTREME Division is a leading supplier in the emerging digital video server marketplace. This market includes the broadband/cable, corporate training, education, hospitality, and in-flight entertainment industries. Concurrent is also a leading provider of high-performance, real-time computer systems, solutions, and software for commercial and government markets. The Company's 30-year old real-time business focuses on strategic market areas that include hardware-in-the-loop and man-in-the-loop simulation, data acquisition, industrial systems, and software. Concurrent provides sales and support from offices throughout North America, Europe, Asia, and Australia.
Concurrent brings over 30 years of real-time experience to the broadband industry, and in a very short time has become the undisputed leader in broadband VOD. As the newcomer to the industry, Concurrent's VOD performance speaks for itself. Concurrent is uniquely positioned to meet the pent-up demand for interactive television services - movies-on-demand and e-commerce over the television. In a July 2000 report, Forrester Research predicted that by 2005, the overall interactive television market is expected to generate revenues of more than $48.2 billion. Current VOD and e-commerce trials and launches include: Beijing Fengtai Cable - China; Cox - Phoenix; Cox - San Diego; Horizon.com - Singapore; Shanghai Telecom - China; Time Warner Cable - Oceanic Cable; Time Warner Cable - Tampa Bay; and Comcast Cable - trial in undisclosed location.
Certain matters discussed in this news release may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Concurrent Computer Corporation cautions investors that any forward-looking statements made herein are not guarantees of future performance and that a variety of factors could cause its actual results and experience to differ, materially, from the anticipated results or other expectations expressed in such forward-looking statements. The risks and uncertainties which could affect Concurrent Computer Corporation's performance or results include, without limitation, changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to the ability of Concurrent Computer Corporation and other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; technological developments; delays in testing of new products; rapid technology changes; the highly competitive environment in which Concurrent Computer Corporation operates; the entry of new well-capitalized competitors into Concurrent Computer Corporation's markets; and other risks and uncertainties.
Note to Editors: For additional company or product information from Concurrent Computer Corporation, please contact Concurrent Computer Corporation, 4375 River Green Parkway, Duluth, Georgia 30096. Call toll free in the U.S. and Canada at (877) 978-7363 or (678) 258-4000, or fax (678) 258-4300. Readers can also access information through the company's web site at http://www.ccur.com.
Concurrent Computer Corporation is a registered trademark of Concurrent Computer Corporation. All other products are trademarks or registered trademarks of their respective owners.
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