Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: steve olivier who wrote (5160)	9/24/1998 10:49:00 AM
From: DEER HUNTER	Respond to of 21143

Thursday September 24, 10:28 am Eastern Time Company Press Release Concurrent Computer Corporation Absolved of All Liability in Government Suit FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 24, 1998-- Concurrent Computer Corporation (Nasdaq:CCUR - news) today announced that on September 23, 1998, a jury in the United States District Court for the Eastern District of Virginia found the company not liable under the False Claim Act in the law suit brought against them by the U.S. Department of Justice in December 1997. The Government alleged that Concurrent Computer Corporation filed false and/or fraudulent claims in connection with the pricing of the Company's spare parts in 1991 under the Company's subcontract to Unisys Corporation [NYSE:UIS - news] as prime contractor for the U.S. Department of Commerce's Next Generation Weather Radar (NEXRAD) program. ''We are extremely pleased with the outcome. We always believed that Concurrent had done nothing wrong in our pricing activities'', said E. Courtney Siegel, Concurrent's Chairman, President and Chief Executive Officer. Concurrent Computer Corporation (NASDAQ:CCUR - news; mediahawk.com), headquartered in Fort Lauderdale, Florida, is a leading supplier in the emerging digital video server marketplace. This market includes the hospitality, residential, corporate training, and in-flight entertainment industries. Operating in 32 countries worldwide, Concurrent provides sales and support from offices throughout North America, South America, Europe, Asia, and Australia.