Struggling data protection and virtualisation SW vendor FalconStor recorded more losses for its third 2012 quarter and has appointed Wells Fargo to look at "strategic alternatives" for the company; code for a possible break-up or outright sale. Third quarter 2012 revenues were up 4 per cent sequentially at $17.1m, a 9 per cent …
How can a company go nearly 3 years without making a profit at all? That's just ludicrous. What the hell were you doing? Rethink, revamp, or revolve (i.e. stop what you're doing and do something else).
6 months, fair enough, maybe just a blip. 1 year, hold on, let's look at this. 18 months, something's gone wrong, do something about it. 2 years, Gah! let's get the hell out of this business.
Seriously, even if you have ginormous bank account wodged full of money, after the second year what the hell are you still doing trying to even be in the same business? Give it up, find something else while you still can, move on.
It's like those Hotel Inspectors episodes where the hotel hasn't made money in the 8 years they've had it and they're 600,000 in debt. Just what the HELL did you think was going to happen, and why do you think you have a single say in how your business should be run any more after that?
The latest episode of the drama. What happens next? Tune in next quarter for the answer!
With those kind of numbers, who would want to buy them?
I think there will be buyers for Falconstor, but only to get at the patents. Some of their stuff isn't bad.
A big player may snap them up for peanuts to stop another big player getting hold of anything half decent.
Oh this made us laugh
...as we are actively sat in the office with Datacore engineers migrating away from IpStor, not because the product was bad, but because the service from Falconstor was TERRIBLE.
Its a pity.
They had (have) good products but a poor overall strategy. A common shortcoming for a lot of Startups.
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