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June 29, 1987

CONCURRENT COMPUTER CONSOLIDATES IN US TO CREATE SPRINGBOARD FOR FUTURE GROWTH

By CBR Staff Writer

Concurrent Computer Corp, the Holmdel, New Jersey minimaker in which Perkin-Elmer has a controlling stake, is restructuring its US operations. The company is cutting staff and reorganising management in what it says is an effort to build on the company’s positive earnings momentum generated by steadily improving business over the past year. Concurrent says it will invest a portion of the resources freed up by the reorganisation into areas directly affecting the design, manufacture and sales of its products. A key part of the effort involves bringing together everything that is currently scattered over nine New Jersey locations into just three. Explaining the switches, chief executive James Sims came up with the splendid comment Change is one of the very few constants in the computer industry. Adapting to change is mandatory for a company to remain vibrant and to participate in the continued growth of the industry. To this end, the benefit of restructuring to Concurrent Computer Corp will be the freeing of resources to invest in new areas and thus continue to maintain its position in advanced information systems. No charges to earnings are expected.

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