Rochester, NY 9/1/2009 6:28:33 AM
Concurrent Computer Corporation, CCUR, Down By 0.44% During the Last Trading
Concurrent Computer Corporation
Technology provider Concurrent Computer Corp (CCUR.O) posted a fourth-quarter profit, helped by lower expenses, but said it expects weak customer spending to persist in the first quarter, sending its shares slumping 33 percent.
"In the fourth quarter, revenue was impacted by reduced spending from some of our top customers, and we expect this trend to continue in the first quarter," Chief Executive Dan Mondor said in a statement.
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ABOUT Concurrent Computer Corporation
Concurrent Computer Corporation provides solutions that enable the seamless delivery, management, and monetization of video on any screen worldwide. Its screen-independent video delivery solutions create a holistic, 360° view of the consumer video experience. The company provides customers in the cable, telco, wireless, Web, advertising, and content development industries with new revenue opportunities by harnessing the potential of video. Concurrent's video solutions are built upon a heritage of high-performance real-time technology. This platform also powers real-time solutions for the defense, aerospace, automotive, and financial industries. Its solutions include advanced advertising, control systems, video solutions, data acquisition, embedded software development, image generation, media data and advertising solutions, on demand applications, simulation hardware-in-the-loop, and simulation man-in-the-loop.
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