Companies grow war chests Dec 22, 2008
Asked for comment, Tekelec spokesman Adam Parken issued this statement: Our strong balance sheet and liquidity continue to provide us with financial resources and flexibility to help address the potential impact of the current economic environment. Cree spokeswoman Michelle Murray says the Durham company is definitely in a strong cash position with no debt. (Raleigh Triangle Business Journal, NC)
Tekelec to buy partner for up to $60M Dec 18, 2008
Tekelec to pay as much as $60M to buy Dutch partner - Triangle Business Journal ... Tekelec to pay as much as $60M to buy Dutch partner ... Morrisville-based Tekelec (Nasdaq: TKLC) says it will pay 28 million euros, or about $39. (Raleigh Triangle Business Journal, NC)
Tekelec beats on earnings; orders low Nov 4, 2008
Tekelec beats on earnings but says orders were slow - Triangle Business Journal ... Tekelec beats on earnings but says orders were slow ... Tekelec (Nasdaq: TKLC), a Morrisville company that makes equipment for the telecom industry, says it earned $8. (Raleigh Triangle Business Journal, NC)
Markets' surge boosts many local stocks Oct 29, 2008
42 percent; Morrisville s Tekelec (Nasdaq: TKLC), up 10. 11 percent; Durham s Cree (Nasdaq: CREE), up 9. (Raleigh Triangle Business Journal, NC)
Local firm gets $50M nod from Wachovia Oct 10, 2008
Morrisville-based Tekelec (Nasdaq: TKLC), which supplies equipment and services to the telecom industry, landed the financing earlier this month and announced it in an Oct. 8 filing with the Securities and Exchange Commission. We thought it was a strong endorsement of our company, says Tekelec CFO Bill Everett, who points out that the company was able to land a credit agreement while offering as collateral only some shares of three of its foreign subsidiaries ... Tekelec didn t have any... (Raleigh Triangle Business Journal, NC)
New orders pump up Tekelecs 2Q earnings Aug 6, 2008
New orders pump up Tekelecs 2Q earnings - Triangle Business Journal ... New orders pump up Tekelecs 2Q earnings ... Tekelec (Nasdaq: TKLC) reported a profit from continuing operations of $15. (Triangle Business Journal)
Tekelec's buy a future play Apr 7, 2008
MORRISVILLE - Amid the retooling and restructuring that has slashed divisions and jobs, Tekelec has quietly picked up a young Texas company it expects will help position it for a new kind of communications framework. Tekelec in March purchased Estacado Systems for less than $5 million in a move aimed at cementing the Morrisville company's position as a market leader in signaling, the technology to begin and end phone calls ... In North America, Tekelec holds 80 percent of the signaling market. (Raleigh Triangle Business Journal, NC)
Tekelec CEO in line for $1.37M bonus Mar 26, 2008
Tekelec CEO in line for $1 ... Tekelec CEO in line for $1 ... Tekelec CEO Frank Plastina could receive a 2008 performance bonus of up to $1. (Raleigh Triangle Business Journal, NC)
Tekelec to repurchase up to $50M of its stock Mar 18, 2008
Based on Tekelec's March 14 closing stock price of $11 ... "After a review of Tekelec's financial position and cash flow projections, our board concluded that a further stock repurchase program is consistent with our commitment to deliver value to our shareholders," CEO Frank Plastina said in a written statement ... In 2007, Tekelec (Nasdaq: TKLC). (Raleigh Triangle Business Journal, NC)
Tekelec scores deal with T-Mobile Feb 28, 2008
Tekelec, a Morrisville telecom company, is one of the world's largest providers of the technology ... It is the third such deal Tekelec has struck with T-Mobile in Europe; the company also upgraded T-Mobile's German and Dutch networks ... Tekelec (Nasdaq: TKLC) makes most of its revenue from such non-recurring deals. (Raleigh Triangle Business Journal, NC)
Signaling a renewed focus, Tekelec looks to future Feb 27, 2008
Restructuring done, Tekelec shifts its focus back to core - Triangle Business Journal ... Restructuring done, Tekelec shifts its focus back to core ... Tekelec says in the Feb. 11 filing that the costs totaled $4 million, consisting of employee severance and benefits expenses in the third and fourth quarters. (Raleigh Triangle Business Journal, NC)
Restructuring done, Tekelec shifts its focus back to core Feb 27, 2008
Tekelec says in the Feb. 11 filing that the costs totaled $4 million, consisting of employee severance and benefits expenses in the third and fourth quarters. The filing does not reveal the total number of employees let go, but in a quarterly filing with the SEC the company says the realignment resulted in five senior employees exiting the company. (Raleigh Triangle Business Journal, NC)
Tekelec struggles to sell auction-rate securities Feb 23, 2008
Tekelec still has enough money to fund operations, it says, but it might have to reclassify more than $120 million in investments as long-term assets, weakening its cash position ... Tekelec's bonds are AAA-rated and collateralized by student loans, with 92 percent of the collateral guaranteed by the federal government ... "The Company has recently experienced several failed auctions for the portion of its auction rate securities portfolio that has gone to auction, resulting in the Company's... (Raleigh Triangle Business Journal, NC)
Sale of division pushes Tekelec to profit Feb 8, 2008
Tekelec, headquartered in Morrisville, said it earned $10 ... Efforts to keep down costs, which have included layoffs as Tekelec merged its remaining business units into one, also showed up on the company's income statement ... Excluding one-time costs, Tekelec said, it gained 21 cents per share in the quarter. (Raleigh Triangle Business Journal, NC)
Cree Appoints Frank Plastina to Board of Directors Jan 4, 2008
DURHAM, N.C., Jan 3, 2008 (PrimeNewswire via COMTEX) -- Cree, Inc. (Nasdaq:CREE) announces that Frank Plastina, President, CEO and Director of Tekelec, was appointed to the Company's Board of Directors and to the Board's Audit Committee and Governance and Nominations Committee, effective December 31, 2007 ... Plastina, 45, has served as Tekelec's President and Chief Executive Officer and as a Board member since February 2006 ... Tekelec is a publicly traded provider of telecommunications network... (FOX News)
A test of tolerance Dec 6, 2007
Cory Johnson of Apex said his two degrees from Brigham Young University in Utah impressed his employer, Tekelec, a network applications company in Morrisville. Johnson's bosses told him the mostly Mormon school has a reputation for producing graduates with strong ethics and personal integrity. (News & Observer)
Performance Tech Hires New Director Nov 30, 2007
Hayter previously held positions at Tekelec and Ericsson. Hayter joins the company with an extensive background in international telecommunications marketing. (R News)
Buybacks set a record, boost stock prices Sep 7, 2007
Tekelec of Morrisville, which makes telecommunications software, said it would buy back as much as $50 million of stock. Silverblatt said stock buybacks boost share prices while the companies are buying them, a process that can stretch out for long periods of time. (News & Observer)
Learn about the Worldwide Electronic Test and Measurement Instruments Market Aug 30, 2007
The report profiles 311 companies including many key and niche players worldwide such as Actuant Corporation, Advantest Corporation, Aeroflex Incorporated, Agilent Technologies, Anritsu Corp., Astro-Med, Inc., Credence Systems Corporation, Fluke Corporation, Giga-tronics, Inc., Ideal Industries, Inc., JDS Uniphase Corp., Keithley Instruments, KLA-Tencor Corporation, LeCroy Corporation, LTX Corporation, National Instruments Corporation, Pico Technology, Rohde & Schwarz, Tekelec, Tektronix, Inc.,... (BusinessWire)
Tekelec bolsters board of directors Aug 14, 2007
The telecom veteran comes on board as Tekelec, which has seen business flag in recent months, tries to pick things back up by. The company also is trying to bolster its share price by buying back $50 million worth of its own stock - a possibility in May. (Raleigh Triangle Business Journal, NC)
Jerry Elliott Aug 14, 2007
Tekelec bolsters board of directors - Triangle Business Journal ... Tekelec bolsters board of directors ... The telecom veteran comes on board as Tekelec, which has seen business flag in recent months, tries to pick things back up by. (Raleigh Triangle Business Journal, NC)
Tekelec merges its two business units Aug 11, 2007
Tekelec (Nasdaq: TKLC) is merging its Network Signaling Group with its Communications Software Solutions Group ... Once the units are combined the company will have to reassess Gehl's position, Tekelec spokesman Jim Chiafery said ... Chiefery said Tekelec now will divide the company into two main areas of focus, marketing and research and development. (Raleigh Triangle Business Journal, NC)
Tekelec reorganization does not specify further job cuts Aug 11, 2007
John Murawski, Staff Writer Tekelec, a Morrisville company that makes telecommunications software, announced a new internal reorganization Friday to streamline operations and boost stock value ... Tekelec is coming off a year in which almost 600 workers were let go -- through a combination of staff reductions and the sell-off of a major division in Texas ... Company officials did not specify further cuts as Tekelec winds down the most recent staff reduction of 28 workers, about half of whom were... (News & Observer)
Tekelec parts ways with key executive Aug 7, 2007
Morrisville-based Tekelec, which sells software to the telecom industry, said the departure is effective Sept. 1 ... Various people will step up to help Tekelec fill Mace's duties, said Chiafery, who described the breakup as a mutual decision ... Mace came to Tekelec from , where he was CEO. Tekelec bought Steleus, which made telecom network diagnostics tools, in 2004. (Raleigh Triangle Business Journal, NC)
Tekelec gets more work from T-Mobile Jul 21, 2007
It's the second contract Tekelec has signed with T-Mobile in the last six months ... Tekelec said the upgrades will help T-Mobile save money, combat fraud and provide interoperability between wireless networks using various technologies ... Shares of Tekelec (Nasdaq: TKLC) closed down 4 cents to $14. (Raleigh Triangle Business Journal, NC)
Print Edition Jun 15, 2007
Profile - Frank Plastina, CEO, Tekelec. Industry Wrapups. (Raleigh Triangle Business Journal, NC)
Tekelec adds to board of directors Jun 9, 2007
Her appointment increases the size of Tekelec's board to seven members. Under Tekelec's stock-option plan for directors, Mills received 35,000 options with an exercise price of $14 ... Morrisville's Tekelec (Nasdaq: TKLC), which makes gear for the telecommunications industry, employs about 650 in the Triangle. (Triangle Business Journal)
Tekelec feeling pressure from biggest shareholder on buyback May 21, 2007
MORRISVILLE - When Tekelec's shareholders on May 18 gather for the company's annual meeting, they expect to learn plans for the company's $450 million cash hoard - money the telecom equipment maker has collected as it has divested businesses. Among those agitating to put the money to use is Glenhill Advisors, a New York hedge fund that over the past year has accumulated Tekelec shares and, with 12. (Triangle Business Journal)
Tekelec signs deal with European firm Apr 27, 2007
will use the Tekelec technology to trace calls across different networks - which Colt says will allow it to maintain optimal service to its business clients ... Tekelec makes products for telecommunications clients to use on voice and data networks. (Raleigh Triangle Business Journal, NC)
College Commencements Set Apr 27, 2007
Southeastern University's spring graduation also is Saturday at 10:30 a.m. The 288 students will graduate at Victory Church in Lakeland, where Mark A. Floyd, chairman of the Board of Tekelec, will give the commencement speech. Tekelec is a high-performance network applications company. (The Ledger)
Board certified Apr 24, 2007
MORRISVILLE - As Tekelec searches for a couple of new members to replace directors who recently left its board, the telecommunications gear maker is considering the usual factors ... If that's true, Tekelec isn't the only Triangle company that may want to add more diversity to its board. (Triangle Business Journal)
Tekelec hires general counsel Apr 13, 2007
Kupinsky, who will report directly to Tekelec CEO Frank Plastina, most recently worked as senior vice president and general counsel for in Troy, Mich ... Telephone calls seeking comment from Tekelec officials were not immediately returned ... Tekelec (Nasdaq: TKLC), a telecommunications equipment maker, is based in Morrisville. (Triangle Business Journal)
Genband to buy Tekelec unit Mar 22, 2007
Plano-based Genband will give Tekelec a 19. 9 percent stake in Genband and $1 million cash, and Genband will assume certain Tekelec debt ... Tekelec's switching group's 350-plus customers will move to Genband. (Dallas Business Journal, TX)
Tekelec unloads struggling switching business Mar 22, 2007
The announcement brings an end to months of speculation about Tekelec's plans for its Switching Solutions Group, a division that recorded $110 million in 2006 revenue but still posted operating losses of $85 million. Triangle Business Journal that Morrisville-based Tekelec was closing in on a divestiture of the unit and that Plano, Texas-based Genband was a likely buyer ... Under the terms of the deal, Tekelec will receive a 19. (Triangle Business Journal)
Tekelec nears sale of money-losing division Mar 19, 2007
Frank Plastina is CEO of Tekelec ... is emerging as the likely buyer of the Switching Solutions Group, Tekelec's 296-employee division that generated $110 million in 2006 revenue while running up operating losses of $85 million. (Triangle Business Journal)
Switching Solution Mar 16, 2007
Tekelec nears sale of money-losing division - Triangle Business Journal ... Tekelec nears sale of money-losing division ... Frank Plastina is CEO of Tekelec. (Raleigh Triangle Business Journal, NC)
Stocks fall moderately following oil rise Feb 24, 2007
Tekelec, a maker of telecommunications signaling devices, fell $1. 39, or 9. (San Diego Union-Tribune)
Stocks open moderately lower following oil rise, Microsoft ruling Feb 23, 2007
Tekelec, a maker of telecommunications signaling devices, fell 99 cents, or 6. 6 percent to $13. (International Herald Tribune -- Business)
RipCode adds Entrisphere CEO as director Jan 9, 2007
He also serves on the boards of Carrier Access (NASDAQ: CACS), and Tekelec (NASDAQ:TKLC). Prior to Entrisphere, Floyd held senior leadership positions at Siemens Information and Communication Networks-- U.S., provider of integrated voice and data networks and solutions for enterprises, carriers, and service providers. (Austin Business Journal, TX)
