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

To: Christiaan McDonald who wrote (10295)	7/24/1999 1:56:00 PM
From: Don Hand	Read Replies (3) \| Respond to of 21143

Earnings estimate of +.01/share for the Qtr ending 6/30 1999. +.03 for the Fiscal year 1999. The WSJ article was kind of loose with the numbers that would confuse an investor who was not up-to-date on CCUR. Backing out the expenses of which division ? Backing out of VOD could give you +.16 . Backing out RT would show a loss. How could a sale of the RT show an improvement to the bottom line ? Was he confused or are they spinning out VOD ? "...Concurrent's stock closed yesterday at $6.328, giving it a price earnings ratio of about 200 times 1999 earnings estimates of three cents a share. On the surface, that looks high. But fans of the stock say now that Concurrent is eyeing a sale of a separate computer division, the company's bottom line is expected to improve. Their math: Backing out the expenses of the division increases earnings per share to 16 cents, lowering the earnings multiple to the 30 range. As revenue grows at the young video-on-demand unit, that P/E should fall into the midteens. "Hidden in that {P/E} is the investment that they've been making in video on demand," says analyst Brian Harvey. "People aren't able to see that." Mr. Harvey, who works in the Boston office of New York-based Gilford Securities, sees the stock doubling by year end to the $10 to $12 range as cable systems such as New York-based Time Warner ramp up their video-on-demand systems....."