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

To: Don Hand who wrote (14921)	12/27/2000 7:03:38 PM
From: Don Hand	Read Replies (2) \| Respond to of 21142

Sorry for all the posts. An update from Multichannel Time Warner no comment. Cox could not be reached. multichannel.com Order Delay Raps Concurrent Duluth, Ga. -- Shares in video-on-demand company Concurrent Computer Corp. fell 49.6 percent after the company announced that an order for three VOD systems from a major MSO would be delayed until next quarter. Concurrent stock closed at $4 per share, down $3.94. Concurrent would not identify the customer, although some analysts suspected that it could be Time Warner Cable or Cox Communications Inc., two of the vendor's largest customers. Time Warner currently uses Concurrent equipment in its systems in Tampa, Fla., and Hawaii. Spokesman Michael Luftman said the MSO has not announced any specific VOD deployments for the year and declined comment. Officials at Cox could not be reached for comment. Morgan Keegan Inc. analyst Murray Arenson said the delay is disappointing, but it is not indicative of any widespread pullback in deployment. "I don't think there is a larger industry trend at play here," he added. The shipment delay forced Concurrent to restate revenue estimates for its fiscal second quarter ending Dec. 31 to between $1.7 million and $1.9 million, instead of $7 million to $7.5 million. Consolidated revenue for the period will be between $13.8 million and $14.2 million, versus $18 million to $18.9 million, and net losses will nearly double to between 7 cents and 8 cents per share from 4 cents. - 12/27/00