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

To: James M. Bash who wrote (12049)	12/20/1999 12:07:00 PM
From: ENOTS	Read Replies (1) \| Respond to of 21143

credit Bandsaw on Yahoo, he got the letter from CCUR....here it is again. Received this morning, Dec 20, 1999: Good morning. I am the executive vice president and CFO for Concurrent Computer Corporation and also have investor relations underneath me. I would like to respond to your insider trading comments. Mr. Siegel sold approximately 25% of his total stock ownership, including vested and unvested stock options. Mr. Nussrallah sold a little less than 25% of his total stock ownership. In each case, they sold non-qualified stock options. When an employee exercises non-qualified stock options, they are required to pay income taxes on the difference between the fair market value at the time of exercise and the exercise price. This is required even if the employee does not actually sell the shares. Therefore, to exercise the options and hold onto the shares requires a significant cash outlay on the part of the employee. At that time, if the employee decides to pay for the exercise price and the income taxes on the difference between the FMV and the exercise price, the holding period clock starts to run where they will receive long-term capital gain treatment on any future appreciation. In summary, neither Mr. Siegel or Mr. Nussrallah sold between 44% and 60% of their total "holdings". Each of them still has in excess of 1 million stock options of Concurrent Computer Corporation. The only reason that Mr. Siegel and Mr. Nussrallah exercised and sold their options is because of the "lack of" tax benefit on non-qualified stock options and also to diversify their personal investment portfolio and NOT because of their lack of confidence in the future of VOD. Both are extremely confident in the future of CCUR as well as VOD in general. Respectfully, Steven R. Norton Executive Vice President and CFO