George,
The streets must have known about the class action law suit.
This news explains the dramatic price different between Softwork(8 13/16) and CCEE(1 5/8).
Well, it's about time management explains the following press release statement. On May 27,1998, the Stock price was in $6.00 to 7.00 dollar range.
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computerconcepts.com
FOR IMMEDIATE RELEASE
COMPUTER CONCEPTS ANNOUNCES SECOND FORTUNE 100 COMPANY WILL BEGIN TO
PROCESS OVER 20 MILLION CALL DETAIL RECORDS PER MONTH ON ITS INTERNET
SERVER FARM
Computer Concepts Also Confirms The $0.57 Earnings Per Share 1998 Wall
Street Consensus Estimate
Bohemia, NY - - May 27, 1998 - - Computer Concepts Corp. (NASDAQ:CCEE)
(CCC) today announced that it will warehouse and process more than 20
million telephone call detail records per month for another Fortune 100
company. Last month, Computer Concepts began warehousing and processing
over 8 million telephone call detail records per month for a Fortune 100
company, and with this new order over 30 million call detail records per
month are now being processed on CCC's Internet Server Farm.
Daniel DelGiorno, President and CEO of Computer Concepts, commented "I
am confident, based on the Server Farm's ability to analyze high volumes
of telephone call detail records over the Internet with simple mouse
clicks, that other telecommunications billing providers and Fortune 100
companies will be signing up to warehouse and process their call detail
records on CCC's Internet Server Farm."
This release contains forward looking statements which are based on
current information and on management assumptions, and are subject to
other important factors disclosed from time to time in the company's
Form 10-K and Form 10-Q , Registration Statements and other Securities
and Exchange Commission filings including specifically, among other
factors, changing marketing and economic conditions, timely roll-out of
its products by licensees and acceptance of the company's Internet based
d.b.Express, SST and Year 2000 technologies.
Computer Concepts Corp., headquartered in Bohemia, New York, develops
software tools including d.b.Express that assist end users in the
retrieval and visualization of all types of data, and is an IBM Business
Partner-Personal Computer Reseller. Computer Concepts' d.b.Express
Internet Information ServerTM has recently been licensed by British
Telecom, and has been integrated with British Telecom's Syncordia
Services' C-View software application which will allow BT's customers to
access and analyze the high volumes of technical and account information
available within BT's Internet-based databases without having to
download the data to their own computers. The new d.b.Express Internet
Information ServerTM and JAVA Applet have overcome a major Internet
problem, that of high data volume and limited bandwidth, currently
responsible for the lengthy delays associated with data downloading.
SOFTWORKS, Inc., headquartered in Alexandria, Virginia, is a leading
global provider of IT solutions for the enterprise and a wholly owned
subsidiary of Computer Concepts Corporation. Founded in 1977, SOFTWORKS
responds to the data management needs of organizations worldwide,
supporting customers in more than 50 countries with solutions for the
Year 2000 problem, enterprise performance management, multi-platform
data and storage management, and professional services. SOFTWORKS'
customers include approximately 80 percent of the FORTUNE 100.
Computer Concepts and its subsidiary employ a staff of 253. For more
information about Computer Concepts and SOFTWORKS, call (516) 244-1500
or visit Computer Concepts' web site at www.computerconcepts.com or
SOFTWORKS' web site at www.softworks.com.
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Internet Server Farm? What happen to it?
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