Computer Concepts Announces Restructuring Plan.Business & High Tech Editors BOHEMIA Bohemia, Czech Čechy, historic region (20,368 sq mi/52,753 sq km) and former kingdom, in W and central Czech Republic. Bohemia is bounded by Austria in the southeast, by Germany in the west and northwest, by Poland in the north and northeast, and by , N.Y.--(BUSINESS WIRE)--March 31, 2000 Computer Concepts Corp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CCEE CCEE Conseil des Conférences Episcopales Européennes (Switzerland) CCEE Câmara de Comercialização de Energia Elétrica CCEE Consilium Conferentiarum Episcoporum Europae (Council of European Bishops' Conferences) ) announced today that its newly appointed board of directors has approved a restructuring plan which includes among other things reduction in staffing and overhead, elimination of various agreements, and severance payments to certain former executives and employees. The company believes that this downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing will enable itself to operate more efficiently in the future. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . All statements other than statements of historical fact included in this release are forward-looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the Company or its management, as well as assumptions made by and information currently available to the Company's management, identify forward-looking statements. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including, but not limited to, the effect of business and economic conditions; the impact of competitive products and pricing; and capacity and supply constraints or difficulties. Such statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the operations, results of operations, growth strategy and liquidity of the Company. Computer Concepts develops software tools including d.b.Express that assist end users in the retrieval and visualization of all types of data with an application focus in the telecommunications billing and call detail market. The d.b.Express Internet Server(TM) and Java Applet A Java program that is downloaded from the server and run from the browser. The Java Virtual Machine built into the browser is interpreting the instructions. Contrast with Java application. have overcome a major Internet problem, that of high data volume and limited bandwidth, currently responsible for the lengthy delays associated with data downloading. For more information about Computer Concepts, call (631) 244-1500 or visit Computer Concepts web site at www.computerconcepts.com. |
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