Friday March 13, 2009 Reprint: 2/13/09 Press Release
The Following Press Release was released by Intellivest Securities Research, Inc. on February 13, 2009
Research Report on Concurrent (NASDAQ:CCUR) as Speculative BuyATLANTA, Feb. 13 /PRNewswire/ -- Intellivest Securities Research, Inc., a Georgia registered investment advisor, has published a Report on Atlanta-based Concurrent Computer Corporation. The Report may be obtained by contacting the contact information below.The Report rates Concurrent as a Speculative Buy because over the past three years Concurrent has developed its video-on-demand capabilities to a point where it could realize significant revenue growth.Concurrent is a leading provider of real-time Linux-based computing technologies for commercial and government markets. Industries served include cable and telecom providers, defense and aerospace contractors and financial institutions. For over 40 years Concurrent's products have enabled a range of time critical solutions including: modeling, simulation, high speed data acquisition, visual imaging and on-demand television. Concurrent's on-demand products are used by major cable and IPTV service providers to support over 32 million digital subscribers worldwide.The Report concludes that the expected growth in demand for Concurrent's products and services will be driven by the need for cable operators to refresh their systems. The move to digital systems, high-definition and the demand for greater content should increase Concurrent's sales to cable operators. Concurrent's well established business in high performance computer systems provides it with a solid revenue and cash flow base. Concurrent's revenues for its 2009 fiscal year first quarter grew by 4% over the prior year's quarter with operating income of $552,000 vs. an operating loss of $1,300,000 for the prior year's quarter. Net income of $93,000 was reported for the quarter.The Report states that Concurrent faces a number of risks noting that for the last three years it has reported losses and its earnings have been erratic. Concurrent operates in a highly competitive environment and some of these competitors could develop products that render Concurrent's products obsolete. Also, the current economic downturn could adversely affect sales.About the ReportIntellivest Securities Research, Inc.'s (CRD #147288) research is distributed by Intellivest Securities, Inc., (CRD #145022, SIPC, RIA, SIMFA), whose Office of Supervisory Jurisdiction is located at 1540 Chase Court, Riverdale, GA. 30296-2610. Please read the Research Report for certain disclaimers and disclosures. Daniel H. Kolber, author of the Report, holds these licenses: Series 24, 87, 53, 4, 87, 65; is a member of the Georgia, New York, Florida and Virginia Bars, and has the B.A. from Boston University, the J.D. from University of Virginia School of Law and the Ll.M. from New York University School of Law.www.intellivestsecurities.comCONTACT:Daniel H. Kolber, PresidentIntellivest Securities Research, Inc.dan@intellivestsecurities.comSOURCE Intellivest Securities Research, Inc.
