FalconStor (NASDAQ:FALC) is a name that I have recently profiled as a struggling firm up for sale following a series of unfortunate developments. I questioned whether there would be any interested parties, particularly as the company's core business appears to be in long-term secular decline. Now, on July 1st, the firm's CEO Jim McNiel resigned to "pursue other opportunities". This is unfortunate news and has significant implications for investors speculating on a buyout.
Did FalconStor Blow It Back In 2007?
In 2007, when shares of FalconStor traded north of $13/share, it was widely rumored that [[IBM]] would be interested in acquiring the firm. While neither company ever officially commented on these acquisition talks, where there's smoke there's...
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