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Technology Stocks : Concurrent Computer (CCUR)
CCUR 1,940-14.0%Jul 30 2:38 PM EST
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To: DEER HUNTER who wrote (2502)2/6/1998 12:57:00 PM
From: jeffbas  Read Replies (1) of 21143
 
Editorial revisions since I was there also.

-Mitsubishi was the other player in OnCommand (in a sense validating his product, in my opinion); Omnio is an exclusive deal. My read, since I asked the question, was they they would not be directly competing on every deal, but Corky would not be more specific. Maybe the world gets carved up.

-This quarter would have been $1 million sales better if not for a technical problem delaying a China order (or about $.01 per share).

-He went out of his way to indicate he sees no Asian flu for Concurrent.

-He was pretty positive on prospects for Navy business, specifically mentioning $3 million more possible for current quarter.

-I understood him to say that he was comfortable with 20+% revenue growth for the next fiscal year, which would be much more on earnings.

I thought the call went well. My read of the stock is that if he delivers, he would probably make at least $.25 in the next fiscal year. With the excitement generated, the potential next year could be double the 12 months high, or $7.00. However, there may be more boredom between now and then; but I would think he has shown enough concrete progress for the stock to not go below $2. That looks like a pretty good risk/reward to me, but as I have posted before this is too
speculative still (despite today's concrete news) to warrant more than a modest percentage of one's portfolio.
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