SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: jeffbas who wrote (3792)5/20/1998 3:09:00 PM
From: stephen allen  Read Replies (3) | Respond to of 21143
 
I spoke with the management and here is the deal. 2 million shares @ $5.00. For every 30 million dollars of business SFA does with CCUR they get somewhere between 500-800 thousand shares @ a 15% discount to the THEN current market. SFA gets no warrants fot 29.9 million revenue, the break point is every 30 million. This agreement is good for upto 300 million dollars of revenue for CCUR. The agreement does not preclude CCUR from working with anyone else. CCUR can still deal directly with TWX--COX--TCOMA etc. If all the bogeys are hit CCUR gets a approx 80 million in cash, issues a total of 10 million shares to SFA and gets 300 million dollars of REVENUE. This does not mean the revenue can't be more, IT CAN. This puts CCUR in a position to more than double the 80 million revenue in the next 12-15 months. If you go back and listen to the SFA conference call the ramp in their business is schuduled for this summer. Happy sailing.