Globecomm awarded $2.3M gov’t contract
Hauppauge-based Globecomm Systems recently received a $2.3 million contract from a U.S. government agency to provide infrastructure communications. Under the terms of the contract, Globecomm will...
View ArticleTech investing giant Herman Fialkov dies
Former Long Island technology investor Herman Fialkov has died after a long battle with an undisclosed illness. He was 89. Fialkov lived in Boca Raton, Fla., but spent many years on Long Island as a...
View ArticleGlobecomm combining 2 European subsidiaries
Two European subsidiaries of Hauppauge-based Globecomm Systems are in the process of integrating. In a conference call Tuesday, Globecomm CEO David Hershberg told reporters that Carrier to Carrier...
View ArticleGlobecomm revenue rises as income slips
CEO David Hershberg said the firm’s Long Island and Maryland facilities, both in the path of Hurricane Sandy, continued operating throughout the storm.
View ArticleGlobecomm receives $4.5M NATO contract
Globecomm Systems has received a contract from the NATO Communications and Information Agency valued at $4.5 million to upgrade the company’s GPS-based force tracking system.
View ArticleComtech awarded $1.2M NATO contract
Comtech Mobile Datacom, a subsidiary of Comtech Telecommunications, will aid in upgrades of NATO International Security Assistance Force’s Force Tracking System.
View ArticleLaw firm preying on LI cos.
Typically reserved for big moves like mergers and acquisitions, securities lawsuits benefiting the suing law firms more than the actual shareholders have filtered down to smaller actions by companies.
View ArticleGlobecomm awarded $6.8M gov’t contract
Hauppauge-based Globecomm Systems has been awarded a second year option as part of a five-year contract from the U.S. government, valued at $6.8 million.
View ArticleGlobecomm shareholder lawsuit dismissed
Two Globecomm Systems shareholders have withdrawn their lawsuit against the company after failing to secure a temporary restraining order in New York State Supreme Court in Suffolk County.
View ArticleGlobecomm considering possible sale
Hauppauge-based Globecomm Systems has retained investment banking and asset management firm Needham & Co. to analyze a potential sale of the company.
View ArticleGlobecomm inks $5.3M in new contracts
Globecomm will deliver a Direct-to-Home uplink system for a “major Asian operator” and a disaster-recovery system for a “foreign government customer.”
View ArticleGlobecomm contracts with Comtech on $3.2M order
Melville-based Comtech Telecommunications Corp. has received a $3.2 million equipment order from Hauppauge’s Globecomm Systems.
View ArticleGlobecomm Systems sold to Wasserstein & Co.
Hauppauge-based Globecomm Systems has been sold to private equity firm Wasserstein & Co. in a deal worth approximately $340 million.
View ArticleGlobecomm revenue drops 29 percent
Hauppauge-based Globecomm Systems posted a 29 percent drop in revenue in the first quarter of its fiscal year, the company announced on Monday.
View ArticleWasserstein completes Globecomm acquisition
Private equity firm Wasserstein & Co. has completed its acquisition of Hauppauge-based Globecomm Systems, a deal worth about $340 million.
View ArticleGlobecomm Systems founder Hershberg to retire
Roughly 20 years after founding Hauppauge-based Globecomm Systems, CEO David Hershberg is taking a step back.
View ArticleGlobecomm awarded $6.8M gov’t contract
Hauppauge-based Globecomm Systems has been awarded a second year option as part of a five-year contract from the U.S. government, valued at $6.8 million.
View ArticleGlobecomm shareholder lawsuit dismissed
Two Globecomm Systems shareholders have withdrawn their lawsuit against the company after failing to secure a temporary restraining order in New York State Supreme Court in Suffolk County.
View ArticleGlobecomm considering possible sale
Hauppauge-based Globecomm Systems has retained investment banking and asset management firm Needham & Co. to analyze a potential sale of the company.
View Article
