delete non important characters from command output

the version command in my Linux machines display the following output

version


Red.Hat.OS. release..........5.5
APP.Release.............4.2.0.0-02

how to remove the middle "." dot character without to remove them from the parameters as the following:

 version | .......


 Red.Hat.OS. release          5.5
 APP.Release version         4.2.0.0-02

• remark in parameter between the character could be only one dot character