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

To: Christiaan McDonald who wrote (7380)	3/6/1999 10:58:00 AM
From: Don Hand	Respond to of 21143

off topic - SFA comments from the Atlanta Newspaper From Saturday's AJC Shares of Scientific-Atlanta fell almost 11 percent Friday on investor concern over possibly reduced shipments by the No. 2 manufacturer of television set-top boxes. Time Warner, the largest digital customer of the Norcross based company, has so far installed only 10,000 boxes from the 200,000 it purchased, Bloomberg News said. Donaldson, Lufkin & Jenrette analyst Eric Buck said that indicates demand might slow. "We believe the number [of units shipped in the fiscal third quarter ] could be 30 percent or more below the 126,000 units shipped during the December quarter," Buck said in a report Friday. Buck reiterated a "market perform" rating on Scientific-Atlanta stock Scientific-Atlanta said in a news release it was unaware of "any news ... that would account for the unusual activity in the company's stock"

To: Christiaan McDonald who wrote (7380)	3/6/1999 11:57:00 AM
From: jeffbas	Read Replies (2) \| Respond to of 21143

Ken, didn't we have posted here that the MSO's will wait until they have a critical mass of set top boxes installed before doing anything? Therefore, doesn't delay in purchasing/installing them suggest delay in VOD business. Doesn't lack of urgency on the part of MSO's suggest lack of conviction on economics? My hunch on the last conference call was that Corky had run out of hype and it looks like I am right. As you will recall, I have always looked at CCUR as a RT business with a definable value (based on earnings W/O R&D on VOD), plus an option premium for the future VOD potential. In this way of looking at things, both the time discount and the risk factor for what VOD will eventually be worth in the option premium just went up, making that premium worth less. I have never had a position out of proportion to my overall portfolio size and always felt comfortable just holding. But you do. You may be right that now is the time to buy. However, I will predict that there will be some general market correction before any material VOD news comes along and you will be able to buy it cheaper than now. Whiterock and others don't want to own the whole float. The only fly I see in my ointment might be the possibility of much better RT business due to highly profitable Y2K business. Does anyone have a view on this potential?