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Technology Stocks : Concurrent Computer (CCUR)
CCUR 1,940-22.4%Jul 30 2:38 PM EST
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From: The Ox7/9/2008 9:37:39 AM
   of 21142
 
CCURD temp symbol:

Concurrent Stockholders Approve Reverse Stock Split
Wednesday July 9, 8:30 am ET

ATLANTA--(BUSINESS WIRE)--Concurrent (Nasdaq: CCUR - News), a worldwide leader in real-time Linux-based computing technologies, announced today that on July 8, 2008, its stockholders approved a reverse split of its common stock at a ratio of 10-for-1, such that each ten shares of issued and outstanding common stock and equivalents will be converted automatically into one share of common stock. The reverse stock split became effective today after Concurrent filed a Certificate of Amendment to its Restated Certificate of Incorporation with the Secretary of State of the State of Delaware.

“We are pleased with the strong support of our stockholders in approving the reverse split and the confidence it represents in Concurrent’s business going forward,” stated Dan Mondor, Concurrent’s president and CEO.

Stockholders will receive instructions from their broker or Concurrent’s transfer agent, American Stock Transfer & Trust Company, containing the appropriate procedures for turning in their old shares for new, post-split shares. Fractional stockholdings will be paid out in cash based on Concurrent’s closing stock price on July 8, 2008. Further information on the logistics regarding the reverse split can be obtained by contacting Concurrent.
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