For More Information Contact:
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Concurrent Computer Corporation Concurrent Computer Corporation
HighTech Public Relations, Inc. Walt Ungerer (Analysts/Investors)
Tammy Snook, President phone: (678) 258-4103
(407) 667-9355 or fax: (678) 258-3938
tammysnook@hightechpr.net
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FOR IMMEDIATE RELEASE
CONCURRENT EXTENDS EXISTING SHAREHOLDERS RIGHTS PLAN
ATLANTA, GEORGIA, AUGUST 9, 2002 - Concurrent Computer Corporation (NASDAQ:
CCUR) a pioneer and market leader in Video-On-Demand (VOD) commercial
deployments, today announced that it has amended and restated its existing
Rights Agreement originally adopted on July 31, 1992 and issued to stockholders
of record on August 14, 1992. The primary changes to the Rights Agreement
include the extension of the expiration date to August 14, 2012 and a change to
the definition of an "acquiring person" causing the rights to be exercisable if
a person or group acquires 15% or more the Company's common stock. In addition,
the Company appointed a new Rights Agent, American Stock Transfer & Trust
Company, who also currently serves as the transfer agent for the Company's
common stock.
ABOUT CONCURRENT
Concurrent Computer Corporation (http://www.ccur.com) is a leading provider of
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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 broadband VOD and rich streaming
media applications such as corporate training, education, hospitality, and
digital video-to-the-home. Concurrent is also a leading provider of
high-performance, real-time computer systems, solutions, and software for
commercial and government markets. Concurrent's 35-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.
Operating worldwide, Concurrent provides sales and support from offices
throughout North America, Europe, Asia, and Australia.
Concurrent brings over 35 years of real-time experience to the broadband VOD and
rich streaming media industries and has become a market leader. Today,
Concurrent's worldwide broadband VOD and rich streaming media trials and
deployments include: AOL Time Warner Cable - 15 markets; Beijing Fengtai Cable -
China; Blue Ridge Communications - Pennsylvania; Charter - 6 markets; Cogeco
Cable - Quebec and Ontario, Canada; Comcast - 9 markets; Cox - 3 markets;
Horizon.com - Singapore; Mediacom - one market; NXTV Inc. - 4 hotels; OLYMPUS
Optical - Hamburg, Germany; Safari Technologies - 16 educational institutions
throughout North America; Shanghai Telecom - China; and VOD Pty Ltd./TransAct -
Australia.
Certain statements made or incorporated by reference in this release may
constitute "forward-looking statements" within the meaning of the federal
securities laws. When used or incorporated by reference in this release, the
words "believes," "expects," "estimates," and similar expressions are intended
to identify forward-looking statements. Statements regarding future events and
developments and our future performance, as well as our expectations, beliefs,
plans, estimates, or projections relating to the future, are forward-looking
statements within the meaning of these laws. All forward-looking statements are
subject to certain risks and uncertainties that could cause actual events to
differ materially from those projected. The risks and uncertainties which could
affect our financial condition or results of operations include, without
limitation: availability of video-on-demand content; delays or cancellations of
customer orders; 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 our ability and the ability of other companies to enforce their intellectual
property rights; the pricing and availability of equipment, materials and
inventories; the limited operating history of our video-on-demand segment; the
concentration of our customers; failure to effectively manage growth; delays in
testing and introductions of new products; rapid technology changes; demand
shifts from high-priced, proprietary real-time systems to low-priced, open
server systems; system errors or failures; reliance on a limited number of
suppliers; uncertainties associated with international business activities,
including foreign regulations, trade controls, taxes, and currency fluctuations;
the highly competitive environment in which we operate; and the entry of new
well-capitalized competitors into our markets.
Other important risk factors are discussed in our Current Report on Form 8-K,
dated October 22, 2001, incorporated herein by reference. Our forward-looking
statements are based on current expectations and speak only as of the date of
such statements. We undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of future events, new information
or otherwise.
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Note to Editors: For additional company or product information from Concurrent
Computer Corporation, please contact Concurrent Computer Corporation, 4375 River
Green Parkway, Duluth, GA 30096. Call toll free in the U.S. and Canada at
(877) 978-7363, fax (678) 258-4199. Readers can also access information through
the company's Web site at http://www.ccur.com.
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Concurrent Computer Corporation and its logo are registered trademarks of
Concurrent Computer Corporation. All other products are trademarks or registered
trademarks of their respective owners.