Technology Stocks | Concurrent Computer (CCUR)


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To: Sam who wrote (18871)10/11/2002 3:14:55 PM
From: Robert   of 21140
 
One of the culprits (9/30/02 filings):

nasdaq.com 

Looks like FULLER & THALER ASSET MANAGEMENT dumped 1,516,800 shares last Q.

Luckily CalPERS bought almost 600,000.

The numbers for this 4th Q should be even more interesting . . .

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To: Robert who wrote (18872)10/11/2002 5:52:56 PM
From: Don Hand   of 21140
 
Watch out for flying pigs
tvinsite.com 

Time Warner Sets $15M Campaign


Multichannel News
10/11/2002 4:56:00 PM

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Time Warner Cable broke its biggest marketing effort to date, a $15 million campaign that involves cross-channel spots, spot television, radio, print and outdoor vehicles.

The campaign’s theme line, 'Now Anything’s Possible,' is accompanied by the image of a flying pig. Ads call attention to consumers’ having more control via video-on-demand, subscription VOD, home networking and other new products and services either offered by the MSO or about to become available.

Local divisions will support the effort with supplemental campaigns.

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To: Don Hand who wrote (18873)10/14/2002 1:31:00 AM
From: The Ox   of 21140
 
yahoo.marketguide.com 

Food for thought (use the above link to view CCUR's earnings estimates and past performance)

CCUR has beaten analyst earnings estimates for 5 straight quarters. The current quarter's projections are for 2 cents and $0.03 for 2Q03. Current FY projections are for $0.14 ($0.02+$0.03+$0.04+$0.05 = $0.14). If we assume that they will beat each quarter by a penny then we have a target of $0.18/share for the FY, which would be an increase of 157% over FY02's earnings. The current forward PE on $0.18 would be 8.2 and it's 10.7 for $0.14! This for a company that SHOULD grow earnings by more than double this year! Similarly, estimates for FY04 are for $0.22 or a forward PE under 7.

Obviously, solid forward guidance is critical during the upcoming earnings report and if it is combined with any upside surprise, this stock's price should regain much, if not all of it's lost ground. However, the stock is acting like this will not be the case and the market has given a clear signal that they expect trouble going forward.

It will be very interesting to see who's right, the bulls or the bears!

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To: Don Hand who wrote (18873)10/14/2002 8:04:48 AM
From: Christiaan McDonald   of 21140
 
Have been buying heavily and will continue to buy as long
as it remains near this price or below. Hope to be able to
buy a good bit more, have it in my budget.

Ken

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To: Christiaan McDonald who wrote (18875)10/14/2002 9:55:14 AM
From: The Ox   of 21140
 
OpenTV to cut workforce by 47 percent
--7:44am - By Tomi Kilgore
OpenTV (OPTV) said it would cut its workforce by 47 percent, or 315 positions, as part of a global restructuring intended to "significantly" cut expenses, improve operating results and realize efficiencies associated with its recent acquisition of Wink Communications. The restructuring, to be fully implemented by the end of the first quarter of 2003, is expected to lead to a pre-tax charge of $29 million, and result in annualized cost savings of $60 million, starting in the second quarter of 2003. In addition, the cash burn rate should be reduced by $48 million. The interactive television company's stock closed Friday up 8 cents at $1.15.

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To: The Ox who wrote (18874)10/14/2002 9:59:27 AM
From: Starowl   of 21140
 
"Obviously, solid forward guidance is critical during the upcoming earnings report . . . " is a statement that should be underlined. At last quarter's call we got the extraordinary news of very good earnings but also the turd in the punchbowl of the Cox delays which presaged the much lower guidance for the quarter we just ended. This time I would like to (and we will need to) hear some more upbeat assessments of future earnings. Hope springs eternal.

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To: Gordon Vasquez who started this subject10/14/2002 10:18:24 AM
From: Starowl   of 21140
 
Volume very low today. Perhaps the federal holiday is partly to blame but it could also be the end of the big sell off by one or more institutions since the start of this quarter. Doubt we'll see prices like this for awhile.

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To: The Ox who wrote (18876)10/14/2002 10:23:11 AM
From: Don Hand   of 21140
 
Comcast, Charter Unfurl ITV Resolutions for 2003


By Simon Applebaum
Multichannel News
10/14/2002

New York— Comcast Corp. used last week's Kagan Interactive TV Summit here to detail the first stage of its long-delayed movement into ITV, while Charter Communications Inc., previewed its second act in that arena.

A year ago, Comcast executives promised that 2002 would be its ITV coming-out party. But the Philadelphia-based MSO delayed its entry, due to a longer time frame for major-market video-on-demand rollouts and its move to acquire AT&T Broadband.

At the Kagan confab, Comcast chief software architect Jean-Pol Zundel assured attendees that VOD was on track, the AT&T Broadband acquisition was near completion — and interactive services would ramp up in 2003.

"It's going to be this game plan: Crawl, walk, run," Zundel said. "We will start in 2003 and hit scale in 2004. We need to move against [direct-broadcast satellite] and compete with cool content which makes dollars every step of the way."

Bound by "those in business development" not to release too many details over sensitivities related to the impending merger, Zundel noted that Comcast will launch ITV with a set of information services, games and some VOD connections.

One unique feature is "video links," through which subscribers can call up interactive screens to get more information on the programs they watch. The rollouts will use advanced set-top terminals, take place in major markets and benefit from considerable marketing support.

Another round of ITV features will take off in 2004, among them voting and polling, advertising and enhanced TV.

Zundel also disclosed that Comcast's souped-up VOD introduction in Philadelphia — featuring personal video recorder functionality and NBC News programming replays — will happen next month. At present, more than 1 million Comcast digital subscribers around the country can get VOD.

Charter, which already has more than 660,000 digital customers connected to its Digeo Inc. ITV virtual channels, will continue those rollouts. And select St. Louis homes are testing the operator's next ITV leap — the Moxi Media Center line of converters.

In the Moxi edition that will become available next year, Digeo product marketing vice president Peter Kellogg-Smith said customers will be able to use advanced Motorola Inc. and Scientific-Atlanta Inc. set-tops to access music, photo collections and home videos, in addition to the existing ITV assortment. A video-phone application is also in play for 2003 deployment.

Delayed deployments
Much of the summit focused on delays in ITV deployment, and whether cable operator concerns over capital spending, economic retrenchment and the stock markets would further drag things out.

Said WorldGate Communications Inc. president Gerard Kunkel: "2003 looks bleak. The marketplace is in doldrums, and we haven't found the bottom yet."

ITV has found support where it's been rolled out, Kunkel added, "but it needs to be packaged and provided in a sensible way to consumers."

OpenTV Inc. chief technology officer Vincent Dureau urged cable operators to push ITV next year, or lose the marketplace to DBS in tough economic times.

"Cable can't stay still," he said. "PVRs have become the DBS industry's answer to VOD, and they may do the same with ITV. We need operators to take the leap."


tvinsite.com 

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To: Don Hand who wrote (18879)10/14/2002 10:27:53 AM
From: Don Hand   of 21140
 
I have not received the CCUR annual report and proxy statement yet. Anyone else get theirs yet?

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To: Don Hand who wrote (18880)10/14/2002 10:43:25 AM
From: Nimbus   of 21140
 
Yup

Saturday.

Good read.

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