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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: Christiaan McDonald who wrote (9466)	6/12/1999 9:46:00 PM
From: Don Hand	Read Replies (2) \| Respond to of 21143

Move to Atlanta update. Sorry I could not find a link and I do not have a scanner ;so here it is retyped. The Atlanta Journal-Constitution Saturday, June 12, 1999 Business section page 2. Video-on-demand unit of Florida firm moving to Duluth. By Mark Clothier staff writer. Concurrent Computer, an $82 million Florida company, is moving its headquarters and its video-on-demand unit from Fort Lauderdale to Duluth next month. Concurrent Computer's factory will stay in Pompano Beach, Fla. The company sells devices to cable companies that let people get movies in their homes when they want them. Concurrent Computer's MediaHawk, its video-on-demand product, brought in just $1 million in revenue in 1998. But Corky Siegel, chairman and chief executive of the publicly traded company, expects that to be the company's lead product. The Gwinnett headquarters will employ 50 people, most of whom are moving from Florida For now, most of the company's revenue comes from real time computer systems and software used in gaming, flight simulators, engine testing, air traffic control and weather analysis. Customers include Boeing, Ford, Honda and General Motors. Scientific-Atlanta has the rights to buy 3.8 percent of Concurrent Computer. Scientific-Atlanta, based in Norcross, makes the digital set-top boxes that will allow people to receive movies on demand. Video-on-demand has been promised for several years, but is not yet commercially available. Concurrent Computer and cable companies are banking that people will want movies-on-demand and that they will want them through their cable service rather than from the Internet. Pay-per-view services let you pay for movies that come to your television via cable, but the movies air at certain times. Video-on-demand gives customers the "“on-my-time" flexibility of video rental combined with the at-home convenience of pay-per-view. “There are 35 million computers in America and 260 million TV's,” Siegel said. “E-commerce will happen, but it will happen through the cable companies.” The MediaHawk costs about $500,000. Cable companies have bought 30 of them worldwide; five or six are in America. Siegel said he chose to move his company to Atlanta for several reasons. Its airport: “I can get anywhere I want. I can get from Atlanta to New York in an hour and a half. New York to South Florida is a three-hour flight. And to get to the West Coast from Fort Lauderdale, I'd have to go to Miami or through Atlanta.” Its quality of life: “The housing is affordable. It's so much better in Atlanta than South Florida. And I can get University of Texas grads to come to Atlanta. You can't get them to come down here.” Its business climate: “The economy in Atlanta is certainly good. The sales tax and state income tax are a drawback, but the labor pool is infinitely better. In Fort Lauderdale, you've got hot dog stands and topless bars. There's not a lot of industry here. It's just no place to run a business