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Concurrent Computer Corporation (CCUR)
F4Q08 Earnings Call
August 19, 2008 10:00 am ET
Kirk Somers - Executive Vice President, General Counsel, Secretary
Dan Mondor - Chief Executive Officer and Director
Emory Berry - Chief Financial Officer, Executive Vice President - Operations
Bob Chisholm - Chief Technology Officer
Jim Brickmeier - Vice President of Product Line Management
Alan Davis - D. A. Davidson
Todd Koffman - Raymond James
Murray Arenson - Janco Partners
Rangan Natarajan - Galleon
Previous Statements by CCUR
» Concurrent Computer Corp. F1Q10 (Qtr End 30/09/09) Earnings Call Transcript.
» Concurrent Computer Corporation F2Q09 (Qtr End 12/31/08) Earnings Call Transcript
» Concurrent Computer Corp. F1Q09 (Qtr End 9/30/2008) Earnings Call Transcript
Welcome to Concurrent’s earnings conference call for the year and quarter ended June 30, 2008. The format for this mornings call will be as follows. Dan Mondor, Concurrent’s President and Chief Executive Officer will pick up the call with some initial remarks about the year, Emory Berry our Chief Financial Officer, will provide a detail review of the financials for the year and the fourth quarter and will give some color on those financials.
Then Dan Mondor will comment on the coming year and the steps for taking to improve the business. Following our scripted comments we will be pleased to take you questions. We also have Bob Chisholm, our Chief Technology Officer and Jim Brick Meyer our Vice President of Product Line Management with us today. They will be available to answer questions following the prepared remarks.
Before we begin please let me remind you that this presentation may include forward looking statements such as believes, expects, estimates, anticipates and other similar expressions. These statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 accordingly the cautionary savings made in concurrence in 10-K filed August 31, 2007 and are incorporated herein by reference. The company’s actual results could differ materially from the forward looking information in this presentation.
The content on this webcast contains time sensitive information that is accurate only as of the day to this live broadcast August 19, 2008. Any redistribution, retransmission or rebroadcast of this presentation in any form without the express written concern of concurrent is prohibited. I caution you that any forward looking statements made by the company are not guarantee of future performance and that variety of factors could cause the company’s actual results and experiences to differ materially from the anticipated or projected results which the company may discuss on this call.
You should all have a copy of the earnings release document, if you have no received a copy please call Sandra Dover at 678-258-4112 and she will be pleased to provide you with the copy. With that said I will turn it over to Dan.
I would like to start with some comments on our progress over the past year. After Emory’s review of the fourth quarter and full year results, I will provide comments on the steps we are taking to strengthen the business going forward.
Concurrent enjoyed a year of tremendous success in both on-demand and real time. Regarding on-demand we log several major wins and expansions, the strong indication of performance and value of our products and our customer support capabilities. Activity in the North American market was robust. Early in the year we announced a long-term master purchase agreement in which Cox Communications selected Concurrent as their exclusive video server vendor displacing our competitor.
We had increased activity with Time Warner, displacing competitors at several sites including the recent win of the Los Angeles and San Diego markets which we believe will comprise the world’s largest on-demand deployment when completed.
Other noteworthy business included the Orlando and Tampa divisions of bright house. Notably we believe the deployment at Tampa is the world’s largest start over market. We also had significant back office business with the deployment of our MH BOSS back office in conjunction with expansions at Videotron in Canada and J-Com in Japan.
We are also encouraged by increased on-demand opportunities in the international markets. During the past year Concurrent captured new on-demand opportunities around the globe with wins in Asia, Eastern Europe and Latin America. Our previously announced initiatives to expand international sales and marketing efforts has began to pay-off with increased business and greater recognition in the rapidly growing international marketplace.
Our product development strategies are continuing to lead the market. Our MediaHawk Content delivery system set new industry benchmarks for performance and reliability. As a result we believe we are the market share leader for Time Warner’s, start over service due to the superior inject capabilities of our solution. The MediaCache 1000, the first commercially deployed solid state on-demand storage solution based on the flash technologies has gained strong market acceptance.
Our MH BOSS back office product is gaining traction in several new markets. We announced our NH pilot web offering platform which was deployed by J-Com in Japan. Our product development initiatives are aligned with the emerging market trends such as Network DVR, Advanced Advertising and HD content which we expect will drive inject streaming storage and analytics requirements to new levels. We are confident about our growth prospects in this market
Now on to our real-time product line, we continue to identify new opportunities including design and simulation applications in the aerospace and automotive industries. Our products were deployed for a variety of mission critical commercial and military applications with leading international businesses including Airbus, Lockheed Martin, Saab, Hyundai and the aerospace divisions of Mitsubishi and Kawasaki to name a few.