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Technology Stocks : Concurrent Computer (CCUR)
CCUR 1,940-22.4%Jul 30 2:38 PM EST
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To: Don Hand who wrote (21026)6/24/2008 8:44:32 AM
From: joebad  Read Replies (1) of 21143
 
Concurrent Announces Share Repurchase Plan

ATLANTA--(BUSINESS WIRE)--June 24, 2008--Concurrent (Nasdaq: CCUR), a worldwide leader of on-demand and real-time Linux computing technology, today announced that its Board of Directors has authorized the repurchase of up to $2.5 million of the Company's common stock.

"We consider a repurchase of our shares to be a sound investment," stated Dan Mondor, president and CEO of Concurrent. "The repurchase authorization by our Board of Directors reflects our confidence in the markets that we serve, in the future of Concurrent and also represents our continued commitment to pursue opportunities to create shareholder value."

Under the share repurchase program, the company may repurchase shares from time to time at the discretion of a stock repurchase committee in accordance with applicable securities laws in the open market or in privately negotiated transactions. Repurchases will depend upon market conditions and other factors, and repurchases may be commenced or suspended from time to time at the Company's discretion, without prior notice. The Company does not intend to repurchase any shares from its management, directors or other insiders.
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