"Our revenues were lower than expected," CEO ReiJane Huai admitted. He blamed the shortfall on seasonality and delayed deals with customers and said his company will add salespeople, systems engineers and marketing staff. "We remain confident about the fundamentals of our business," he said.
Analyst Steve Berg of Punk Ziegel wrote in a note to clients that FalconStor was hurt by poor sales of its software on virtual tape libraries (VTLs) sold by OEM partners EMC and Sun but recent OEM deals with IBM, Intel, and Huawei 3COM could help it rebound.
Dave Raffo, Senior Editor, Byte and Switch
Organizations mentioned in this article:
Bob Friday, Chief AI Officer for Juniper Networks, explains how the advanced technology is transforming operations.
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