FalconStor Software

Veeco rally soothes sting of ‘transformational’ FY2017

VEECO INSTRUMENTS INC. Headquarters: Oyster Bay Industry: Technology Nasdaq: VECO Reporting Date: Feb. 12, 2018 Reporting Quarter: 4Q FY2017 Quarter Ended: Dec. 31, 2017 Numbers: Reported first-quarter net income was $9.1 million, up 139.5 percent from the $3.8 million reported for the same three-month period last fiscal year. Quarterly revenues were reported as $143.4 million, up 53.2 percent year-over-year from $93.6 million. Fourth-quarter non-GAAP earnings per share were reported as 19 cents, up 111.1 percent…


The case of the $2M (and counting) stay-home dad

By GREGORY ZELLER // Philip Smith follows plenty of leads. It makes sense the Port Jefferson native and lifelong Suffolk County resident would land in the lead-generation business. Smith is a true entrepreneurial detective, more apt to study a problem than to charge ahead, always picking up clues to unravel the bigger mystery. It’s evident throughout his tactical business career. After earning an online degree from the University of Phoenix, the then-23-year-old started his first…


Investors buying in as FalconStor hatches risky plan

By GREGORY ZELLER // Investors are doubling down on a Melville software company with a tarnished financial record and a sterling data-storage product. Texas-based private equity firm ESW Capital LLC has purchased nearly 1.4 million additional shares of FalconStor Software, according to a U.S. Securities and Exchange Commission filing disclosed Monday. The transaction, which closed Aug. 23, was made at 37 cents per share, for a total value of $511,667.08. The deal gives ESW Capital…