Concurrent Computer Corporation Revises its Third Quarter Expectations.

Business Editors/High-Tech Writers

ATLANTA--(BUSINESS WIRE)--March 17, 2003

Concurrent Computer Corporation (NASDAQ: CCUR), a pioneer and market leader in commercial Video-On-Demand (VOD) deployments and premier provider of high-performance, real-time computer solutions for commercial and government markets, today announced that the Company will host a conference call at 11 a.m. EST to provide updated details about the status of its business and its current expectations for the fiscal third quarter ending March 31, 2003.

For the Company's fiscal third-quarter ending March 31, 2003 the company expects total revenues to be between $16.5 and $18.5 million. VOD revenue is expected to be between $7.5 and $9.5 million and Real-Time revenue is expected to be approximately $9.0 million.

The primary reasons surrounding the lower VOD revenue expectations relate to order timing issues among a relatively small cable customer base, continued concern by select customers regarding capital spending, ongoing integration and implementation issues which have temporarily slowed the pace of certain rollouts, further delays in international opportunities, and new competitive pricing pressures in the market. Concurrent's competitive position remains strong, as indicated by the fact that no VOD market deployment that Concurrent had expected to win has been lost to a competitor during the quarter. Due to competitive pricing pressures and the service costs being spread over a smaller product revenue base, the VOD gross margin percentage is expected to be in the low 40's in the third quarter.

For the Company's fiscal third-quarter ending March 31, 2003, the company expects its loss per share to be between 5 and 6 cents, excluding any possible impact of a further write-down of the Company's investment in Thirdspace. Concurrent is actively involved with Thirdspace as they continue to pursue additional funding and strategic alternatives. The Company's initial equity investment of $7.3 million was written down to $4.4 million in the second quarter ended December 31, 2002. Although Concurrent's $6 million loan to Thirdspace is secured by all of the assets of Thirdspace, there can be no assurance that these assets will be sufficient to repay the debt owed to Concurrent in the event of possible insolvency. The ultimate future of Thirdspace is unclear at this time and it is likely that Concurrent will be required to write-down most, if not all, of its equity investment in the third quarter. Concurrent also may be required to write-down the notes receivable from Thirdspace in the quarter. A further write-down of the equity investment in Thirdspace to zero would add 7 cents to the net loss per share and a complete write-down of the note receivable from Thirdspace would add another 10 cents to the net loss per share, if required, or an aggregate of an additional 17 cents per share.

The Company will hold a conference call which will be broadcast live over the Internet on the Company's web page on Tuesday, March 18 at 11 a.m. Eastern Time. The conference call will be available to the public either LIVE or REPLAYED from the Company's web page. To access the call, go to the Company's web page at http://www.ccur.com and click on the Investor Relations icon. A replay will be available until April 1st on the web site.

About Concurrent

Concurrent Computer Corporation (www.ccur.com) is a worldwide leader in high-performance computer systems, software and servers. Concurrent's XSTREME Division is a worldwide market leader in providing digital VOD systems to the broadband industry. This market includes broadband VOD and rich streaming media applications such as corporate training, education, hospitality and digital video-to-the-home. Concurrent is also a leading provider of high-performance, real-time computer systems, solutions, and software that focus on hardware-in-the-loop and man-in-the-loop simulation, data acquisition, and industrial control systems for commercial and government markets. Concurrent has 35 years of experience and is providing these best of breed solutions through its offices in North America, Europe, Asia, and Australia.

Concurrent is a leader in the VOD market, serving eight major cable operators in 52 markets with over 3.5 million digital subscribers. Concurrent's proven technology provides one of the most flexible, comprehensive solutions for HFC, DSL, and IP-based networks. The Company's powerful and scalable VOD systems are based on open standards and are integrated with the leading broadband technologies.

Certain statements made or incorporated by reference in this release constitute "forward-looking statements" 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 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 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, including but not limited to our equity and debt investment in Thirdspace. In addition, there are a number of uncertainties which could impact the amount and timing of any future write-down of our investment in Thirdspace, including without limitation: Thirdspace's ability to obtain additional funding or secure a purchaser for the business; the terms of any such investment or acquisition, including the valuation or purchase price, as applicable, for Thirdspace; the results of our impairment analysis of our Thirdspace investment; and the value of Thirdspace's assets securing our indebtedness.

Other important risk factors are discussed in our Form 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 [phone], fax [phone]. Readers can also access information through the company's Web site at http://www.ccur.com.

Concurrent Computer Corporation and its logo are registered and unregistered trademarks of Concurrent Computer Corporation. All other product names are trademarks or registered trademarks of their respective owners.