Founded in 2000, FalconStor is one of the companies that pioneered the current generation of advanced data protection software such as Virtual Tape Library (VTL), Continuous Data Protection (CDP) and Storage Virtualization. In 2007, after seven years of steady growth in shareholder value, the price for a share of FALC hit an all-time high of $ 13.90, and FalconStor’s market cap almost reached $ 600 million. By November of 2008, FALC slid to an all-time low of $ 2.15–but the company continued to build on the same blueprint until the sudden resignation in September, 2010, of longtime CEO, ReiJane Huai.
Network Computing