FalconStor

No. 285: A DNA anniversary, an IPS milestone and connecting Old Westbury to Cuba

Well, that was quick: Can it be? Two months of 2018 in the books already? Be it can, dear reader, as this Wednesday, Feb. 28, finishes off one-sixth of the not-so-new-year. It also marks the 10th anniversary of international Rare Disease Day, as well as National Science Day in India, Peace Memorial Day in Taiwan and Kalevala Day, the day of Finnish culture. Word search: According to the story, Feb. 28 was also the date,…


FalconStor shares down 30% on weak quarter, year

Melville-based data storage firm FalconStor Software (FALC) reported lower fourth quarter revenue for 2016, news that sent company shares down more than 30 percent for the week, to .43 cents, a historic low for the stock. The company reported revenue of $7.4 million for the quarter ended Dec. 31 versus $9.4 million in the year-earlier period. Its net loss was $1.2 million, or 5 cents per diluted share, compared to a net loss of $1.9…