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

To: ENOTS who wrote (12053)	12/20/1999 1:01:00 PM
From: ENOTS	Read Replies (1) \| Respond to of 21143

this was sent to D. Dorfman; To The Board, by: bandsaw 12/20/1999 12:33 pm EST Msg: 15122 of 15130 Here's a copy of the letter I sent to Dorfman: Dear Mr Dorfman, Re: Insider Trading At CCUR Dear Mr. Dorfman, The following is a letter clarifying the position of management regarding their sales of CCUR. Given such information, I was wondering if you would be willing to print a retraction of your "40-60%" statement and amend it to the actual truth. I have followed you for years, and have always considered you honest and above all, fair. Thank you so much for your time and I rest easy that you will rectify this situation. Here is the letter from CCUR: >From steve.norton@ccur.com Mon Dec 20 09:20:59 1999 From: "Norton, Steve" <steve.norton@ccur.com> To: "'jigsaw@hamptons.com'" <jigsaw@hamptons.com> Subject: CCUR Insider Trading Date: Mon, 20 Dec 1999 09:19:34 -0500 MIME-Version: 1.0 Mr. Hazel: 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 Bandsaw,