FalconStor Software

Comtech signals big year ahead, Verint touts revenues

VERINT SYSTEMS INC. Headquarters: Melville Industry: Technology Nasdaq: VRNT Reporting Date: Dec. 6, 2017 Reporting Quarter: 3Q FY2017 Quarter Ended: Oct. 31, 2017 Numbers: Third-quarter revenue was reported as $280.7 million, up 8.4 percent from the $258.9 million reported for the same quarter last fiscal year. But net income for the quarter declined significantly year-over-year, to $3.1 million (4 cents per diluted share), down 58.1 percent from the $7.4 million reported for 3Q FY2016. Notes…


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…