Concurrent Computer Corporation Renames Real-Time Division to Integrated Solutions Division.Business Editors ATLANTA--(BUSINESS WIRE)--July 22, 2003 Name Change Reflects Concurrent's Strong Commitment to Delivering Totally Integrated Technology Solutions Concurrent Computer Corporation Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . (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 : CCUR CCUR Center for Crops Utilization Research ) today announced a name change for its Real-Time Division. The division is now officially known as the Integrated Solutions Division (ISD See IDD. ). ISD, whose company roots extend back 37 years, has been a leading provider of high-performance computer systems, solutions and software for commercial and government markets worldwide. ISD's customer family includes many respected international companies focusing on strategic business areas that include air traffic management/control, automotive, data acquisition, process automation, training/simulation and software integration. Concurrent's Integrated Solutions Division offers a diversified technology solution set consisting of both Intel(R) and PowerPC(TM) platforms, real-time enhanced Linux(R) and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (R)-based operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and tools, and a growing number of integrated third-party software. Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. are a key component of ISD's core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
"The name change reflects our strengthened focus on providing the most comprehensive set of integrated solutions using a combination of commercial-off-the-shelf (COTS (Commercial Off-The-Shelf) Refers to ready-made merchandise that is available for sale. See MOTS. (software) COTS - commercial off-the-shelf. See commercial software. ) and proprietary technologies while partnering with industry leaders to continuously enhance and expand Concurrent's offerings to our customers," said Paul Meyer
Marie-Paul-Hyacinthe Meyer (January 17, 1840 - September 7, 1917), was a French philologist. , president of the Integrated Solutions Division. "Building upon our 37 years of technology experience and partnering with the best solution providers within our target markets, our division will deliver the products and services required by our customers' demanding application needs. We are truly excited about our ability to deliver the most effective solutions to our customers and felt it was appropriate for our name to reflect our broader market reach," he added. About Concurrent Celebrating over 37 successful years in business, Concurrent Computer Corporation (www.ccur.com), headquartered in Atlanta, Georgia, is a premier provider of high-performance, real-time computer systems, solutions, and software for commercial and government markets. The company's Integrated Solutions Division focuses on strategic market areas that include hardware-in-the-loop and man-in-the-loop simulation, data acquisition, industrial systems, and software. 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 video to the home. 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. Certain statements made or incorporated by reference in this release may constitute "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. " within the meaning of the federal securities laws. When used or incorporated by reference in this release, the words "believes," "expects," "estimates," and similar expressions are intended to identify forward-looking statements. Statements regarding future events and developments and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: availability of video-on-demand content; delays or cancellations of customer orders; changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the limited operating history of our video-on-demand segment; the concentration of our customers; failure to effectively manage growth; delays in testing and introductions of new products; rapid technology changes; demand shifts from high-priced, proprietary real-time systems Real-time systems Computer systems in which the computer is required to perform its tasks within the time restraints of some process or simultaneously with the system it is assisting. to low-priced, open server systems; system errors or failures; reliance on a limited number of suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the highly competitive environment in which we operate; failure to effectively service the installed base; the entry of new well-capitalized competitors into our markets; and the valuation of equity investments and collectibility of notes receivable. Other important risk factors are discussed in our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission on September 25, 2002 and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Note to Editors: For additional company or product information from Concurrent Computer Corporation, please contact Concurrent Computer Corporation, 4375 River Green Parkway, Suite 100, Duluth, GA 30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199. Readers can also access information through the company's Web site at www.ccur.com. Concurrent Computer Corporation and its logo are registered trademarks of Concurrent Computer Corporation. All other product names are trademarks or registered trademarks of their respective owners. |
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