Diana Corporation

Diana burst onto the scene with a supposedly revolutionary telephone switch that could process data and voice faster and more efficiently than any other product on the market. The product and its role in the Internet and voice networks of major carriers was complicated and unfamilar to investors. This allowed the company to make investors and Wall Street analysts believe that there was real value in the product. asensio.com used experts to break the product down to its smallest components to see how it worked, how much it would cost to make, who would be interested in buying it, and how much would it be worth to them. What we discovered was an old, out-of-date, useless piece of equipment with no value to any phone network operator. It was merely a crudely modified phone switch used in very small markets decades earlier.