Comcast Signs Purchase Agreement with Concurrent Computer for Video-On-Demand Systems; Concurrent Reaffirms its Third Quarter Revenue and Earnings Guidance.Business Editors/High-Tech Writers ATLANTA--(BUSINESS WIRE)--April 3, 2001 Concurrent Computer Corporation  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . (Nasdaq:CCUR CCUR Center for Crops Utilization Research ) today announced that Comcast Cable Communications, Inc., a division of Comcast Corporation (Nasdaq:CMCSK)(Nasdaq:CMCSA), has signed a strategic volume purchase agreement with Concurrent in which Comcast agrees to purchase MediaHawk(TM) Broadband Video-On-Demand (VOD See video-on-demand. VoD - video on demand ) systems from Concurrent. In addition to the signing of the agreement, Concurrent announced that it has received purchase orders for an aggregate of 79 MediaHawk Broadband VOD servers from Comcast for eight system-wide VOD deployments. The eight undisclosed systems include both Motorola DCT-2000 set-top systems, as well as Scientific Atlanta Explorer set-top systems. "The launch of Video-On-Demand this year will be an important next step in our digital strategy to offer customers even more viewing choices than ever," said Steve Burke, president of Comcast Cable Communications, Inc. "Concurrent has proven itself as one of the leaders in Video-On-Demand technology, and this agreement reflects our belief that they can help us achieve our goal of being a new products leader." Jack Bryant, president and chief executive officer of Concurrent Computer Corporation, stated: "We are pleased to have reached this agreement with Comcast. I applaud Comcast for the leadership position it is establishing in the deployment of new products, and we look forward to supporting their aggressive roll-out of Video-On-Demand in several systems in 2001 and 2002." He continued: "These eight new system deployments from Comcast allow us to reaffirm the Company's previous guidance for the third quarter ended March 31, 2001 of $10 million in revenue for its Video-On-Demand division and $10 million in revenue for its Real-Time division. We still expect the consolidated results of the company to be break-even for the quarter." Concurrent's MediaHawk Broadband VOD System includes the MediaHawk Video Server and Broadband VOD BackOffice Business Management System (BMS BMS abbr. Bachelor of Marine Science ), which is a comprehensive system for operations and business management. The MediaHawk Video Server is a high-performance, scalable, digital video server that offers industry-leading performance and provides the most reliable response time achievable in the worldwide marketplace today. Concurrent's VOD technology enables subscribers to use a digital set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. to instantly call up digital movies from a list of major movie titles and control their selected movie with VCR-like functionality including fast forward, pause, and rewind re·wind tr.v. re·wound , re·wind·ing, re·winds 1. To wind again or anew. 2. To reverse the winding of (recording tape or camera film). n. 1. The act or process of rewinding. . About Comcast Cable Communications, Inc. Headquartered in Philadelphia, Comcast Cable is a division of Comcast Corporation (www.comcast.com), a developer, manager and operator of broadband cable networks and provider of programming content. Comcast Cable is the third largest cable company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Providing basic cable, digital cable and high speed Internet services, Comcast Cable is the company to look to first for the communications products and services that connect people to what's important in their lives. Incorporating pending cable transactions, the company's approximately 18,000 cable division employees will serve more than 8.4 million customers in six geographic regions. About Concurrent Computer Corporation Concurrent Computer Corporation (http://www.ccur.com) is a leading provider of high-performance computer systems, software, and servers. Concurrent Computer Corporation's Xstreme Division is a leading supplier in the emerging digital video server marketplace. This market includes the broadband/cable, corporate training, education, hospitality, and in-flight entertainment In-flight entertainment (IFE) refers to the entertainment available to aircraft passengers during a flight. After World War II commercial aviation flights became a daily event in which entertainment was requested by passengers to help the time pass. industries. Operating worldwide, Concurrent provides sales and support from offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia, and Australia. Concurrent brings over 30 years of real-time experience to the broadband industry, and in a very short time has become the undisputed leader in broadband VOD. As the newcomer to the industry, Concurrent's VOD performance speaks for itself. Concurrent is uniquely positioned to meet the pent-up demand for interactive television services - movies-on-demand and e-commerce over the television. In a July 2000 report, Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
Note to Editors: For additional company or product information from Concurrent Computer Corporation, please contact Concurrent Computer Corporation, 4375 River Green Parkway, Duluth, Georgia Duluth is a city in Gwinnett County, Georgia, and a suburb of Atlanta located in the Metro Atlanta area. Unincorporated portions of northeast Fulton County and Forsyth County also have Duluth as a mailing address, though this area is technically outside city limits. 30096. Call toll free in the U.S. and Canada at (877) 978-7363 or (678) 258-4000, or fax (678) 258-4300. Readers can also access information through the company's web site at http://www.ccur.com. Concurrent Computer Corporation is a registered trademark and MediaHawk is a trademark of Concurrent Computer Corporation. All other products are trademarks or registered trademarks of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion