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Tekelec
News and Blogs
Total : 19 View more »
Tekelec Enhances Performance Management Solution
www.phoneplusmag.com | Sep 3, 2009
A brief for PHONE+ about Tekelec s enhanced performance management solution.
http://www.phoneplusmag.com/hotnews/tekelec-performance-management-solution.html
Tekelec Announces Strong Q3 2009 Revenues and Operating Income (Marketwire)
finance.yahoo.com | Nov 4, 2009
MORRISVILLE, NC--(Marketwire - 11/04/09) - Tekelec (the Company), (NASDAQ:TKLC - News), the network signaling, mobile messaging and performance management company, today announced its earnings for the
http://finance.yahoo.com/news/Tekelec-Announces-Strong-Q3-iw-3739519204.html?x=0&.v=1
Cramer's Mad Money - Earnings Reports to Watch This Week (9/18/09) (at Seeking Alpha)
seekingalpha.com | Sep 21, 2009
1. Research in Motion (RIMM). Cramer thinks RIM's report will be the most essential of the week and will be a gauge for the wireless group, particularly Apple and Palm. While the stock is up 20% in 20 days the proof is in the earnings report. 2.
Tekelec tops Street on earnings, revenue
triangle.bizjournals.com | Nov 4, 2009
Tekelec (Nasdaq: TKLC) reported net income from continuing operations of $9.4 million, or 14 cents per diluted share, up 8 percent from $8.6 million, or 13 cents per diluted share, in the third quarter of 2008. Revenue increased by 14 percent, to $114.
http://triangle.bizjournals.com/triangle/stories/2009/11/02/daily41.html?ana=from_rss
News from Zibb.com
Total : 29 View more »
Tekelec Announces Strong Q3 2009 Revenues and Operating Income - Zibb.com
MORRISVILLE, NC, Nov 04, 2009 (MARKETWIRE via COMTEX) --
Tekelec ("the Company"), (NASDAQ: TKLC), the network signaling, mobile messaging and performance management company, today announced its earnings for the third quarter of 2009.
2009 Third Quarter Results from Continuing Operations
Revenue from continuing operations for the third quarter of 2009 was $114.9 million, up 8% compared to $106.0 million for the third quarter of 2008. The Company had orders of $94.7 million for the quarter, up 8% from $87.4 million for the third quarter of 2008. As of September 30, 2009, backlog was $336.7 million compared to $353.3 million as of June 30, 2009 and $369.0 million as of September 30, 2008.
On a GAAP basis, the Company reported income from continuing operations for the third quarter of 2009 of $9.4 million, or $0.14 per diluted share, with the earnings per share up 8% compared to $8.6 million, or $0.13 per diluted share, for the third quarter of 2008. Our third quarter 2009 GAAP results include a non-cash impairment charge of $10.8 million ($5.7 million net of tax related adjustments), or $0.08 per diluted share, related to a decline in the fair value of our equity interest in Genband, a privately held company. GAAP operating margins from continuing operations were 19% for the third quarter of 2009 and 14% for the third quarter of 2008.
On a non-GAAP basis, net income from continuing operations for the third quarter of 2009 was $18.2 million, or $0.27 per diluted share, with earnings per share up 42% compared to $12.5 million, or $0.19 per diluted share, for the third quarter of 2008. Non-GAAP operating margins from continuing operations for the third quarter of 2009 were 23% compared with 18% for the third quarter of 2008. Please refer to the attached financial statement schedules for a reconciliation of the Company's GAAP financial measures and operating results to its non-GAAP financial measures and operating results.
Frank Plastina, Tekelec's president and chief executive officer, stated, "Tekelec continues to focus on business fundamentals and strong execution which generated non-GAAP operating margin of 23% and $11.9 million of cash flow from operations for the quarter. Also, our next generation products continue to gain traction and we now have a total of eight Tier-1 customers who have purchased our Eagle XG platform."
Year-to-Date Results from Continuing Operations
For the first nine months of 2009, revenue from continuing operations was $345.8 million, up 1% compared to $340.7 million for the first nine months of 2008. For the first nine months of 2009, the Company had orders of $267.4 million, down 9% compared to $292.7 million for the first nine months of 2008.
On a GAAP basis, the Company reported income from continuing operations for the first nine months of 2009 of $31.5 million, or $0.47 per diluted share, with earnings per share down 10% compared to $35.8 million, or $0.52 per diluted share, for the first nine months of 2008. Our GAAP results for the first nine months of 2009 include a non-cash impairment charge of $13.6 million ($8.5 million net of tax related adjustments), or $0.13 per diluted share, related to a decline in the fair value of our equity interest in Genband, a privately held company. Our GAAP results for the first nine months of 2008 included a one-time tax benefit of $3.7 million, or $0.05 per diluted share, resulting from the utilization of certain capital losses generated by the 2007 sale of our switching business. GAAP operating margins from continuing operations were 17% and 14% for the nine months ended September 30, 2009 and 2008, respectively.
On a non-GAAP basis, net income from continuing operations for the first nine months of 2009 was $51.0 million, or $0.76 per diluted share, with the earnings per share up 13%, compared to $46.4 million, or $0.67 per diluted share, for the first nine months of 2008. Non-GAAP operating margins from continuing operations for the first nine months of 2009 were 22% as compared with 19% for the first nine months of 2008. Please refer to the attached financial statement schedules for a reconciliation of the Company's GAAP financial measures and operating results to its non-GAAP financial measures and operating results.
Balance Sheet and Liquidity
As of September 30, 2009, the Company's consolidated cash and cash equivalents totaled $266.6 million, compared to $242.9 million at June 30, 2009. In addition, the Company held $98.4 million of auction rate securities and associate put rights which it has the right to convert to cash on June 30, 2010. Cash flows from continuing operations were $11.9 million for the third quarter of 2009, compared to $30.9 million for the third quarter of 2008. The third quarter of 2008 included an $18.9 million income tax refund. Working capital at September 30, 2009 was $393.9 million, compared to $358.5 million at June 30, 2009, with the increase due primarily to the positive cash flow generated during the third quarter.
2009 Full Year Guidance
For the full year 2009, we now believe that our order entry will range between $390 million and $420 million. We believe our revenues will continue to range between $450 million and $460 million and that our gross margins will range between 66% and 67%. We also now expect full year non-GAAP diluted EPS to range between $0.95 and $1.00 per share and GAAP diluted EPS to range between $0.61 to $0.66 per share. See table below for a reconciliation of our GAAP to non-GAAP guidance.
2009 Guidance
Orders $390M - $420M
Revenues $450M - $460M
Non-GAAP GM % 66% - 67% *
GAAP Diluted EPS $0.61 - $0.66
Non-GAAP Diluted EPS $0.95 - $1.00 *
* Excludes $13.9M of estimated stock-based compensation expense, $8.3M of
estimated amortization of purchased technology and acquisition-related
expenses, a $13.6M non-cash charge related to a decline in fair value of
the equity interest in Genband, a privately held investment, and a ($0.7M)
property tax refund associated with assets of our former SSG business unit
(net of associated tax impact related to all of the adjustments above of
approximately $11.9M) which are included in GAAP EPS. These Non-GAAP
adjustments after tax represent approximately $0.34 per share. Of these
amounts, approximately $7.0M would increase Non-GAAP cost of sales and
reduce the Non-GAAP gross margin.
"Live" Webcast and Replay
Tekelec will host a live webcast of its conference call on Wednesday, November 4, 2009, at 8:00 a.m. EST for its management to discuss third quarter 2009 results and certain forward-looking information concerning management's outlook for the business. To access the webcast, visit Tekelec's web site located at www.tekelec.com, enter the Investor Relations section and click on the webcast icon. A webcast replay will be available at approximately 11:00 a.m. EST on Wednesday, November 4, 2009, and for 90 days thereafter. The Company also plans to provide on its web site prior to the commencement of the call certain GAAP and non-GAAP information (including GAAP to non-GAAP reconciliations) for the quarterly and year-to-date periods.
Telephone Replay
A telephone replay of the call will also be available for one week after the live webcast by calling either (800) 642-1687 or (706) 645-9291, and entering the conference ID #34780782.
Non-GAAP Information
Certain non-GAAP financial measures are included in this press release, including a full non-GAAP statement of operations. In the calculation of these measures, Tekelec generally excludes certain items such as amortization of acquired intangibles, restructuring and other charges, non-cash stock-based compensation charges, and unusual, non-recurring gains and charges. Tekelec believes that excluding such items provides investors and management with a representation of the Company's core operating performance and with information useful in assessing its prospects for the future and underlying trends in Tekelec's operating expenditures and continuing operations. Management uses such non-GAAP measures and the non-GAAP statements of operations to (i) evaluate financial results, (ii) manage the Company's operations, and (iii) establish operational goals. Further, each of the individual non-GAAP measures within the non-GAAP statement of operations and the non-GAAP statement of operations itself are utilized by the Company's management and board of directors to assist in determining incentive compensation and evaluating key trends within the business. In addition, since the Company has historically reported non-GAAP measures to the investment community, the Company believes the inclusion of this information provides consistency in our financial reporting. The release and the attachments to this release provide a reconciliation of each of the non-GAAP measures, including those included in the full non-GAAP statement of operations, referred to in this release to the most directly comparable GAAP measure. The non-GAAP financial measures are not meant to be considered a substitute for the corresponding GAAP financial measures.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release are forward looking, reflect the Company's current intent, belief or expectations and involve certain risks and uncertainties. The Company's actual future performance may differ materially from such expectations as a result of important risk factors, which include, in addition to those identified in the Company's 2008 Form 10-K, 2009 First, Second and Third Quarter Form 10-Qs and its other filings with the Securities and Exchange Commission, the effect of the current or escalating economic crisis including the impact of credit availability and currency fluctuations on overall capital spending by our customers, the current or further detrimental changes in general economic, social, or political conditions in the countries in which we operate, the timeliness and functional competitiveness of our product releases, the timing of our recognition of revenues and changes to the accounting rules related thereto, our ability to maintain OEM, partner, and vendor support and supply relationships, the extent to which any customer outsourcing to our competitors and supplier consolidation increase the influence of competitors on our customers' purchases, business interruptions at the Company, its suppliers or customers resulting from the recent or subsequent flu pandemics, our ability to compete with other manufacturers that have lower cost bases than ours and/or are partially supported by foreign governments or employ other unfair trade practices, our ability to integrate acquisitions, our ability to protect intellectual property rights or the risk of infringing and litigating with others regarding their intellectual property rights, and changes in the market price of the Company's common stock. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
About Tekelec
Tekelec, a global leader in core multimedia session control and network intelligence, ensures scalable, secure and highly available communications. The company's market-leading signaling solutions enable the interworking of different network applications, technologies and protocols, providing a smooth transition to next-generation networks. Tekelec has more than 20 offices around the world serving customers in more than 100 countries, with corporate headquarters located near Research Triangle Park in Morrisville, N.C., U.S.A. For more information, please visit www.tekelec.com.
TEKELEC
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(1)
Three Months Ended Nine Months Ended
September 30, September 30,
---------------------- ----------------------
2009 2008 2009 2008
---------- ---------- ---------- ----------
(Thousands, except per share data)
Revenues $ 114,914 $ 105,996 $ 345,755 $ 340,661
Cost of sales:
Cost of goods sold 37,064 33,775 113,777 116,113
Amortization of
purchased technology 1,567 587 4,599 1,761
---------- ---------- ---------- ----------
Total cost of sales 38,631 34,362 118,376 117,874
---------- ---------- ---------- ----------
Gross profit 76,283 71,634 227,379 222,787
---------- ---------- ---------- ----------
Operating expenses:
Research and development 24,200 25,082 75,603 75,706
Sales and marketing 17,168 18,159 51,574 55,269
General and
administrative 13,148 13,272 40,288 40,477
Restructuring and other - - - 243
Acquired in-process
research and development - - - 2,690
Amortization of
intangible assets 327 109 960 327
---------- ---------- ---------- ----------
Total operating
expenses 54,843 56,622 168,425 174,712
---------- ---------- ---------- ----------
Income from operations 21,440 15,012 58,954 48,075
---------- ---------- ---------- ----------
Other income (expense), net:
Interest income 282 1,749 916 7,325
Interest expense (67) (9) (179) (1,920)
Impairment of investment
in privately-held
company (10,829) - (13,587) -
Loss on sale of
investments - - - (2)
Unrealized gain on ARS
portfolio and Put
right, net 288 - 1,723 -
Other, net (340) (2,193) (2,160) (3,699)
---------- ---------- ---------- ----------
Total other income
(expense), net (10,666) (453) (13,287) 1,704
---------- ---------- ---------- ----------
Income from continuing
operations before
provision for income taxes 10,774 14,559 45,667 49,779
Provision for income taxes 1,373 5,941 14,148 13,980
---------- ---------- ---------- ----------
Income from continuing
operations 9,401 8,618 31,519 35,799
Income from discontinued
operations, net of taxes - 3,755 - 5,373
---------- ---------- ---------- ----------
Net income $ 9,401 $ 12,373 $ 31,519 $ 41,172
========== ========== ========== ==========
Earnings per share from
continuing operations:
Basic $ 0.14 $ 0.13 $ 0.47 $ 0.54
Diluted 0.14 0.13 0.47 0.52
Earnings per share from
discontinued operations:
Basic $ - $ 0.06 $ - $ 0.08
Diluted - 0.06 - 0.08
Earnings per share:
Basic $ 0.14 $ 0.19 $ 0.47 $ 0.62
Diluted 0.14 0.19 0.47 0.60
Weighted average number of
shares outstanding-
continuing operations:
Basic 67,215 65,961 66,748 66,372
Diluted 68,022 66,763 67,465 70,972
Weighted average number of
shares outstanding:
Basic 67,215 65,961 66,748 66,372
Diluted 68,022 66,763 67,465 70,972
(1) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The accompanying Unaudited Condensed Consolidated Statements of Operations are for the thirteen and thirty-nine weeks ended October 2, 2009 and September 26, 2008.
TEKELEC
UNAUDITED NON-GAAP STATEMENTS OF OPERATIONS FOR CONTINUING OPERATIONS(1)(3)
Three Months Ended Nine Months Ended
September 30, September 30,
---------------------- ----------------------
2009 2008 2009 2008
---------- ---------- ---------- ----------
(Thousands, except per share data)
Revenues $ 114,914 $ 105,996 $ 345,755 $ 340,661
Cost of sales:
Cost of goods sold 36,777 33,486 112,992 115,123
---------- ---------- ---------- ----------
Gross profit 78,137 72,510 232,763 225,538
---------- ---------- ---------- ----------
Research and development 23,629 24,451 73,545 73,486
Sales and marketing 16,315 17,414 49,185 53,098
General and administrative 11,337 11,465 34,585 34,386
---------- ---------- ---------- ----------
Total operating
Expenses 51,281 53,330 157,315 160,970
---------- ---------- ---------- ----------
Income from operations 26,856 19,180 75,448 64,568
Other income (expense), net (507) (453) (370) 1,704
---------- ---------- ---------- ----------
Income from continuing
operations before
provision for income taxes 26,349 18,727 75,078 66,272
Provision for income taxes (2) 8,169 6,263 24,055 19,852
---------- ---------- ---------- ----------
Net income from continuing
operations $ 18,180 $ 12,464 $ 51,023 $ 46,420
========== ========== ========== ==========
Earnings per share:
Basic $ 0.27 $ 0.19 $ 0.76 $ 0.70
Diluted 0.27 0.19 0.76 0.67
Weighted average number of
shares outstanding:
Basic 67,215 65,961 66,748 66,372
Diluted 68,022 66,763 67,465 70,972
(1) Please refer to the attached reconciliations of the GAAP Statements of Operations to the above Non-GAAP Statements of Operations.
(2) The above Non-GAAP Statements of Operations assume non-GAAP effective income tax rates of 31% and 33% for the three months ended September 30, 2009 and 2008, respectively. The above Non-GAAP Statements of Operations assume non-GAAP effective income tax rates of 32% and 30% for the nine months ended September 30, 2009 and 2008, respectively.
(3) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The accompanying Unaudited Non-GAAP Statements of Operations for Continuing Operations are for the thirteen and thirty-nine weeks ended October 2, 2009 and September 26, 2008.
TEKELEC
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
September 30, (1) December 31,
----------------------------
2009 2008
------------ ------------
(Thousands, except share data)
ASSETS
Current assets:
Cash and cash equivalents $ 266,550 $ 209,441
Trading securities, at fair value 86,671 -
Put right, at fair value 11,688 -
Accounts receivable, net 110,693 171,630
Income taxes receivable 1,725 -
Inventories 30,822 23,704
Deferred income taxes 41,952 44,253
Deferred costs and prepaid commissions 49,673 56,588
Prepaid expenses and other current assets 9,563 11,061
------------ ------------
Total current assets 609,337 516,677
Long-term trading securities, at fair value - 87,198
Put right, at fair value - 18,738
Property and equipment, net 35,408 34,904
Investments in privately held companies 1,388 22,297
Deferred income taxes, net 67,372 71,287
Other assets 1,699 1,415
Goodwill 42,509 41,741
Intangible assets, net 33,257 37,703
------------ ------------
Total assets $ 790,970 $ 831,960
============ ============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 22,554 $ 25,308
Accrued expenses 25,097 30,723
Accrued compensation and related expenses 33,588 40,953
Current portion of deferred revenues 134,241 201,838
Income taxes payable - 7,300
Liabilities of discontinued operations - 184
------------ ------------
Total current liabilities 215,480 306,306
Deferred income taxes 5,545 7,071
Long-term portion of deferred revenues 6,444 7,591
Other long-term liabilities 6,747 6,146
------------ ------------
Total liabilities 234,216 327,114
------------ ------------
Commitments and Contingencies
Shareholders' equity:
Common stock, without par value,
200,000,000 shares authorized;
67,325,811 and 66,139,690 shares issued
and outstanding, respectively 327,558 309,550
Retained earnings 225,937 194,418
Accumulated other comprehensive income 3,259 878
------------ ------------
Total shareholders' equity 556,754 504,846
------------ ------------
Total liabilities and shareholders'
equity $ 790,970 $ 831,960
============ ============
(1) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The accompanying Unaudited Condensed Consolidated Balance Sheet is as of October 2, 2009.
TEKELEC
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Nine Months Ended
September 30, (1)
----------------------------
2009 2008
------------ ------------
(Thousands)
Cash flows from operating activities:
Net income $ 31,519 $ 41,172
Adjustments to reconcile net income to net
cash provided by operating activities:
Income from discontinued operations - (5,373)
Impairment of investment in
privately-held company 13,587 -
Loss on sale of investments - 2
Unrealized gain on ARS portfolio and Put
right, net (1,723) -
Provision for (recovery of) doubtful
accounts and sales returns 1,494 (84)
Provision for warranty 5,000 2,800
Inventory write downs 4,738 4,640
Loss on disposals of fixed assets 64 503
Depreciation 13,966 13,148
Amortization of intangibles 5,559 2,088
Amortization, other 562 754
Acquired in-process research and
development - 2,690
Deferred income taxes 4,559 (8,974)
Stock-based compensation 10,275 9,769
Excess tax benefits from stock-based
compensation (778) (1,528)
Changes in operating assets and
liabilities:
Accounts receivable 60,322 (9,706)
Inventories (10,593) (9,170)
Deferred costs 7,272 1,119
Prepaid expenses and other assets 733 5,208
Accounts payable (2,859) (19,995)
Accrued expenses (11,963) (1,083)
Accrued compensation and related
expenses (9,624) (10,029)
Deferred revenues (69,498) 37,283
Income taxes receivable/payable (7,805) 32,628
------------ ------------
Total adjustments 13,288 46,690
------------ ------------
Net cash provided by operating
activities - continuing operations 44,807 87,862
Net cash used in operating
activities - discontinued operations (184) (2,472)
------------ ------------
Net cash provided by operating
activities 44,623 85,390
------------ ------------
Cash flows from investing activities:
Proceeds from sales and maturities of
investments 16,622 787,784
Purchases of investments - (584,524)
Purchases of property and equipment (14,563) (15,666)
Payments related to acquired in-process
research and development - (2,690)
------------ ------------
Net cash provided by investing
activities 2,059 184,904
------------ ------------
Cash flows from financing activities:
Repayment of convertible debt - (125,000)
Payments for repurchases of common stock - (33,779)
Proceeds from issuance of common stock 9,707 11,559
Excess tax benefits from stock-based
compensation 778 1,528
------------ ------------
Net cash provided by (used in)
financing activities 10,485 (145,692)
------------ ------------
Effect of exchange rate changes on cash (58) (1,521)
------------ ------------
Net change in cash and cash
equivalents 57,109 123,081
Cash and cash equivalents, beginning of
period 209,441 105,550
------------ ------------
Cash and cash equivalents, end of period $ 266,550 $ 228,631
============ ============
(1) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The accompanying Unaudited Condensed Consolidated Statements of Cash Flows are for the thirty-nine weeks ended October 2, 2009 and September 26, 2008.
TEKELEC
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED IMPACT OF NON-GAAP ADJUSTMENTS ON NET INCOME
Three Months Ended
September 30, 2009 (6)
-------------------------------------
(Thousands, except per share data)
-------------------------------------
GAAP Non-GAAP
Continuing Continuing
Operations Adjustments Operations
---------- ----------- ----------
Revenues $ 114,914 $ - $ 114,914
Cost of sales:
Cost of goods sold 37,064 (287)(1) 36,777
Amortization of purchased technology 1,567 (1,567)(2) -
---------- ---------- ----------
Total cost of sales 38,631 (1,854) 36,777
---------- ---------- ----------
Gross profit 76,283 1,854 78,137
---------- ---------- ----------
Operating Expenses:
Research and development 24,200 (351)(1) 23,629
(220)(3)
Sales and marketing 17,168 (853)(1) 16,315
General and administrative 13,148 (1,811)(1) 11,337
Amortization of intangible assets 327 (327)(2) -
---------- ---------- ----------
Total operating expenses 54,843 (3,562) 51,281
---------- ---------- ----------
Income from operations 21,440 5,416 26,856
---------- ---------- ----------
Other income (expense), net (10,666) 10,159 (4) (507)
---------- ---------- ----------
Income from continuing operations
before provision for income taxes 10,774 15,575 26,349
---------- ---------- ----------
Provision for income taxes 1,373 6,796 (5) 8,169
---------- ---------- ----------
Net income from continuing
operations $ 9,401 $ 8,779 $ 18,180
========== ========== ==========
Earnings per share:
Basic $ 0.14 $ 0.27
Diluted $ 0.14 $ 0.27
Weighted average number of shares
outstanding:
Basic 67,215 67,215
Diluted 68,022 68,022
(1) The adjustments represent stock-based compensation expense recognized related to awards of stock options, restricted stock or restricted stock units and stock appreciation rights granted under our equity incentive plans and stock purchase rights granted under our employee stock purchase plan.
(2) The adjustments represent the amortization of purchased technology and other intangibles related to the acquisitions of Steleus, iptelorg and mBalance.
(3) The adjustment represents consideration payable to Estacado that is contingent upon the continued employment of certain former Estacado employees by Tekelec.
(4) The adjustment represents a net charge associated with our investment in Genband received in exchange for our SSG business unit in 2007. Specifically, we incurred an impairment charge of $10.8 million as a result of a decline in the estimated fair value of our investment as compared to historical cost. Partially offsetting this impairment is a one time property tax refund of $0.7 million received associated with the former assets of our SSG business unit.
(5) The adjustment represents the income tax effect of footnotes (1), (2), (3) and (4) in order to reflect our non-GAAP effective tax rate.
(6) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The accompanying schedule of Unaudited Impact of Non-GAAP Adjustments on Net Income is for the thirteen weeks ended October 2, 2009.
TEKELEC
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED IMPACT OF NON-GAAP ADJUSTMENTS ON NET INCOME
Nine Months Ended
September 30, 2009 (6)
-------------------------------------
(Thousands, except per share data)
-------------------------------------
GAAP Non-GAAP
Continuing Continuing
Operations Adjustments Operations
---------- ----------- ----------
Revenues $ 345,755 $ - $ 345,755
Cost of sales:
Cost of goods sold 113,777 (785)(1) 112,992
Amortization of purchased technology 4,599 (4,599)(2) -
---------- ---------- ----------
Total cost of sales 118,376 (5,384) 112,992
---------- ---------- ----------
Gross profit 227,379 5,384 232,763
---------- ---------- ----------
Operating Expenses:
Research and development 75,603 (1,398)(1) 73,545
(660)(3)
Sales and marketing 51,574 (2,389)(1) 49,185
General and administrative 40,288 (5,703)(1) 34,585
Amortization of intangible assets 960 (960)(2) -
---------- ---------- ----------
Total operating expenses 168,425 (11,110) 157,315
---------- ---------- ----------
Income from operations 58,954 16,494 75,448
---------- ---------- ----------
Other income (expense), net (13,287) 12,917 (4) (370)
---------- ---------- ----------
Income from continuing operations
before provision for income taxes 45,667 29,411 75,078
---------- ---------- ----------
Provision for income taxes 14,148 9,907 (5) 24,055
---------- ---------- ----------
Net income from continuing
operations $ 31,519 $ 19,504 $ 51,023
========== ========== ==========
Earnings per share:
Basic $ 0.47 $ 0.76
Diluted $ 0.47 $ 0.76
Weighted average number of shares
outstanding:
Basic 66,748 66,748
Diluted 67,465 67,465
(1) The adjustments represent stock-based compensation expense recognized related to awards of stock options, restricted stock or restricted stock units and stock appreciation rights granted under our equity incentive plans and stock purchase rights granted under our employee stock purchase plan.
(2) The adjustments represent the amortization of purchased technology and other intangibles related to the acquisitions of Steleus, iptelorg and mBalance.
(3) The adjustment represents consideration payable to Estacado that is contingent upon the continued employment of certain former Estacado employees by Tekelec.
(4) The adjustment represents a net charge associated with our investment in Genband received in exchange for our SSG business unit in 2007. Specifically, we incurred an impairment charge of $13.6 million as a result of a decline in the estimated fair value of our investment as compared to historical cost. Partially offsetting this impairment is a one time property tax refund of $0.7 million received associated with the former assets of our SSG business unit.
(5) The adjustment represents the income tax effect of footnotes (1), (2), (3) and (4) in order to reflect our non-GAAP effective tax rate.
(6) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The accompanying schedule of Unaudited Impact of Non-GAAP Adjustments on Net Income is for the thirty-nine weeks ended October 2, 2009.
TEKELEC
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED IMPACT OF NON-GAAP ADJUSTMENTS ON NET INCOME
Three Months Ended
September 30, 2008 (6)
-------------------------------------
(Thousands, except per share data)
-------------------------------------
GAAP Non-GAAP
Continuing Continuing
Operations Adjustments Operations
---------- ----------- ----------
Revenues $ 105,996 $ - $ 105,996
Cost of sales:
Cost of goods sold 33,775 (289)(1) 33,486
Amortization of purchased technology 587 (587)(2) -
---------- ---------- ----------
Total cost of sales 34,362 (876) 33,486
---------- ---------- ----------
Gross profit 71,634 876 72,510
---------- ---------- ----------
Operating Expenses:
Research and development 25,082 (411)(1) 24,451
(220)(3)
Sales and marketing 18,159 (745)(1) 17,414
General and administrative 13,272 (1,807)(1) 11,465
Amortization of intangible assets 109 (109)(2) -
---------- ---------- ----------
Total operating expenses 56,622 (3,292) 53,330
---------- ---------- ----------
Income from operations 15,012 4,168 19,180
---------- ---------- ----------
Other income (expense), net (453) - (453)
---------- ---------- ----------
Income from continuing operations
before provision for income taxes 14,559 4,168 18,727
---------- ---------- ----------
Provision for income taxes 5,941 322 (4) 6,263
---------- ---------- ----------
Income from continuing operations 8,618 3,846 12,464
---------- ---------- ----------
Income from discontinued operations,
net of taxes 3,755 (3,755)(5) -
---------- ---------- ----------
Net income $ 12,373 $ 91 $ 12,464
========== ========== ==========
Earnings per share from continuing
operations:
Basic $ 0.13 $ 0.19
Diluted 0.13 0.19
Earnings per share:
Basic $ 0.19 $ 0.19
Diluted 0.19 0.19
Weighted average number of shares
outstanding:
Basic 65,961 65,961
Diluted 66,763 66,763
(1) The adjustments represent stock-based compensation expense recognized related to awards of stock options, restricted stock or restricted stock units and stock appreciation rights granted under our equity incentive plans and stock purchase rights granted under our employee stock purchase plan.
(2) The adjustments represent the amortization of purchased technology and other intangibles related to the acquisitions of Steleus and iptelorg.
(3) The adjustment represents consideration payable to Estacado that is contingent upon the continued employment of certain former Estacado employees by Tekelec.
(4) The adjustment represents the income tax effect of footnotes (1), (2) and (3) in order to reflect our non-GAAP effective tax rate.
(5) The adjustment represents the elimination of our discontinued operations.
(6) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The above schedule of Unaudited Impact of Non-GAAP Adjustments on Net Income is for the thirteen weeks ended September 26, 2008.
TEKELEC
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
UNAUDITED IMPACT OF NON-GAAP ADJUSTMENTS ON NET INCOME
Nine Months Ended
September 30, 2008 (10)
-------------------------------------
(Thousands, except per share data)
-------------------------------------
GAAP Non-GAAP
Continuing Continuing
Operations Adjustments Operations
---------- ----------- ----------
Revenues $ 340,661 $ - $ 340,661
Cost of sales:
Cost of goods sold 116,113 (990)(1) 115,123
Amortization of purchased technology 1,761 (1,761)(2) -
---------- ---------- ----------
Total cost of sales 117,874 (2,751) 115,123
---------- ---------- ----------
Gross profit 222,787 2,751 225,538
---------- ---------- ----------
Operating Expenses:
Research and development 75,706 (1,633)(1) 73,486
(587)(3)
Sales and marketing 55,269 (2,171)(1) 53,098
General and administrative 40,477 (5,191)(1) 34,386
(900)(4)
Acquired in-process research and
development 2,690 (2,690)(5) -
Restructuring and other 243 (459)(6) -
216 (1), (6)
Amortization of intangible assets 327 (327)(2) -
---------- ---------- ----------
Total operating expenses 174,712 (13,742) 160,970
---------- ---------- ----------
Income from operations 48,075 16,493 64,568
---------- ---------- ----------
Other income (expense), net 1,704 - 1,704
---------- ---------- ----------
Income from continuing operations
before provision for income taxes 49,779 16,493 66,272
---------- ---------- ----------
Provision for income taxes 13,980 5,872 (7) 19,852
---------- ---------- ----------
Income from continuing operations 35,799 10,621 46,420
---------- ---------- ----------
Income from discontinued operations,
net of taxes 5,373 (5,373)(8) -
---------- ---------- ----------
Net income $ 41,172 $ 5,248 $ 46,420
========== ========== ==========
Earnings per share from continuing
operations:
Basic $ 0.54 $ 0.70
Diluted (9) 0.52 0.67
Earnings per share:
Basic $ 0.62 $ 0.70
Diluted (9) 0.60 0.67
Weighted average number of shares
outstanding:
Basic 66,372 66,372
Diluted (9) 70,972 70,972
(1) The adjustments represent stock-based compensation expense recognized related to awards of stock options, restricted stock or restricted stock units and stock appreciation rights granted under our equity incentive plans and stock purchase rights granted under our employee stock purchase plan.
(2) The adjustments represent the amortization of purchased technology and other intangibles related to the acquisitions of Steleus and iptelorg.
(3) The adjustment represents consideration payable to Estacado that is contingent upon the continued employment of certain former Estacado employees by Tekelec.
(4) The adjustment represents an arbitration award and associated legal fees in favor of our former President and CEO, Fred Lax.
(5) The adjustment represents acquired in-process research and development related to the Estacado purchase.
(6) The adjustment represents the elimination of costs incurred during 2008 related to restructuring certain functions in our EAAA region and changes in estimates related to our 2007 realignment activities.
(7) The adjustment represents the income tax effect of excluding second quarter discrete tax benefits totaling $3.7 million related to reversing a valuation allowance on deferred tax assets generated by the loss on sale of SSG. Also included in the adjustment is the income tax effect of footnotes (1), (2), (3), (4), (5) and (6) in order to reflect our Non-GAAP effective tax rate.
(8) The adjustment represents the elimination of our discontinued operations.
(9) For the nine months ended September 30, 2008, the calculations of diluted earnings per share include a potential add-back to net income of $1,085,000 for assumed after-tax interest cost and 3,961,000 weighted average shares related our previously outstanding convertible debt using the "if-converted" method.
(10) We operate under a thirteen-week calendar quarter. For financial statement presentation purposes, the reporting periods are referred to as ended on the last day of the calendar quarter. The above schedule of Unaudited Impact of Non-GAAP Adjustments on Net Income is for the thirty-nine weeks ended September 26, 2008.
Investor Contacts: Mike Gallentine Director of Investor Relations 919-461-6825 office Email Contact Press Contacts: Joanne Latham Director, Marketing Communications 919-653-9655 office Email Contact
SOURCE: Tekelec
http://www2.marketwire.com/mw/emailprcntct?id=6CB2102E5BDDF19A http://www2.marketwire.com/mw/emailprcntct?id=420E0B57328FE7A6
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Companies: Tekelec (TKLC)
Tekelec Named to Forbes' List of "America's 200 Best Small Companies" for Second Consecutive Year -
MORRISVILLE, NC, Oct 21, 2009 (MARKETWIRE via COMTEX) --
Tekelec (NASDAQ: TKLC), the network signaling, mobile messaging and performance management company, has been named as one of "America's 200 Best Small Companies" by Forbes magazine. This is the second consecutive year that Tekelec has appeared on the list, moving up 16 spots to number 162.
Rankings are based on earnings growth, sales growth and return on equity in the past 12 months and over five years. To be considered for the Forbes list, a company must have annual revenue between $5 million and $750 million, be publicly traded for at least a year and have a minimum stock price of $5.
"It is rewarding to see that Tekelec is once again recognized for our operational and financial excellence," said Frank Plastina, president and chief executive officer, Tekelec. "Our global team and unmatched technology investments continue to produce innovative, value-added solutions for our customers and our shareholders."
Tekelec enables more than one billion people to communicate over mobile phone, mobile Internet and land-line connections, with customers spanning more than 100 countries. Demand for Tekelec's solutions is being driven by the need to support the global rise in network traffic, including text messages and worldwide mobile expansion. During the past two and a half years, the company has added 49 new customers.
About Tekelec
Tekelec, a global leader in core multimedia session control, mobile messaging and network intelligence, ensures scalable, secure and highly available communications. The company's market-leading signaling solutions enable the interworking of different network applications, technologies and protocols, providing a smooth transition to next-generation networks. Tekelec has more than 20 offices around the world serving customers in more than 100 countries, with corporate headquarters located near Research Triangle Park in Morrisville, N.C., U.S.A. For more information, please visit www.tekelec.com.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release are forward looking, reflect the Company's current intent, belief or expectations and involve certain risks and uncertainties. The Company's actual future performance may differ materially from such expectations as a result of important risk factors, which include, in addition to those identified in the Company's 2008 Form 10-K, 2009 First and Second Quarter Form 10-Q and its other filings with the Securities and Exchange Commission, the effect of the current or escalating economic crisis including the impact of credit availability and currency fluctuations on overall capital spending by our customers, the current or further detrimental changes in general economic, social, or political conditions in the countries in which we operate, the timeliness and functional competitiveness of our product releases, the timing of our recognition of revenues and changes to the accounting rules related thereto, our ability to maintain OEM, partner, and vendor support and supply relationships, business interruptions at the Company, its suppliers or customers resulting from the recent or subsequent flu pandemics, our ability to compete with other manufacturers that have lower cost bases than ours and/or are partially supported by foreign governments or employ other unfair trade practices, our ability to integrate acquisitions, our ability to protect intellectual property rights or the risk of infringing and litigating with others regarding their intellectual property rights, and changes in the market price of the Company's common stock. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Contact: Adam Parken Public Relations Manager (o) +1.919.653.9681 adam.parken@tekelec.com
SOURCE: Tekelec
mailto:adam.parken@tekelec.com
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Companies: Tekelec (TKLC)
Tekelec to Present on Revenue Generation and Network Cost Savings at Futurecom 2009 - Zibb.com
SAO PAULO, BRAZIL, Oct 13, 2009 (MARKETWIRE via COMTEX) --
Tekelec (NASDAQ: TKLC) will speak about next-generation network signaling, performance management and value-added mobile messaging at Futurecom 2009, taking place at ExpoTransamerica in Sao Paulo, Brazil. The company will also exhibit at stand A26.
"Solving Network Integration Issues with Session Initiation Protocol (SIP) Mediation"
October 14, 9:30 - 10 a.m. in the "Argentina" room
Dan Bantukul, director of product marketing, will identify Tier 1 customer deployment scenarios and best practices to interoperate network elements from multiple vendors, as well as disparate wireless and wireline networks resulting from merger, acquisition and consolidation activity.
"Smartphone Quality of Service Assurance"
October 15, 9:30 - 10 a.m. in the "Argentina" room
Vince Lesch, vice president of product marketing, will present solutions for operators to better manage, monitor and troubleshoot smartphone usage. Lesch will show how networks and devices that are expanding to deliver any service, anywhere, at any time must be measured with key performance indicators to ensure high quality of service (QoS) and quality of experience (QoE).
Panel: "Value-Added Services: New Models of Application Development for Generating More Revenue"
October 16, 11:40 a.m. - 12:50 p.m. in the "Argentina" room
Paulo Souza, Tekelec's vice president of regional sales for Brazil, will show how operators can introduce targeted, revenue-generating mobile advertising in this value-added services panel. He will highlight opportunities through Tekelec's in-message advertising service -- including through innovative opportunities such as Twitter and other social networking short message service (SMS) updates.
For more information on Tekelec's solutions, the company has several free resources available:
-- SIP Signaling Router (SSR) multimedia tutorial addressing several next-generation networking challenges
-- "Customer Service Assurance" white paper, prepared with Stratecast analyst Karl Whitelock, containing five customer case studies
-- "Monitoring LTE [Long Term Evolution] Networks" white paper, which examines monitoring mobile broadband networks and services
-- "SMS Integration with Twitter and other Social Networks" white paper, highlighting the cost savings and new revenue opportunities presented by social network SMS updates
About Tekelec
Tekelec, a global leader in core multimedia session control, mobile messaging and network intelligence, ensures scalable, secure and highly available communications. The company's market-leading signaling solutions enable the interworking of different network applications, technologies and protocols, providing a smooth transition to next-generation networks. Tekelec has more than 20 offices around the world serving customers in more than 100 countries, with corporate headquarters located near Research Triangle Park in Morrisville, N.C., U.S.A. For more information, please visit www.tekelec.com.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release are forward looking, reflect the Company's current intent, belief or expectations and involve certain risks and uncertainties. The Company's actual future performance may differ materially from such expectations as a result of important risk factors, which include, in addition to those identified in the Company's 2008 Form 10-K, 2009 First and Second Quarter Form 10-Q and its other filings with the Securities and Exchange Commission, the effect of the current or escalating economic crisis including the impact of credit availability and currency fluctuations on overall capital spending by our customers, the current or further detrimental changes in general economic, social, or political conditions in the countries in which we operate, the timeliness and functional competitiveness of our product releases, the timing of our recognition of revenues and changes to the accounting rules related thereto, our ability to maintain OEM, partner, and vendor support and supply relationships, business interruptions at the Company, its suppliers or customers resulting from the recent or subsequent flu pandemics, our ability to compete with other manufacturers that have lower cost bases than ours and/or are partially supported by foreign governments or employ other unfair trade practices, our ability to integrate acquisitions, our ability to protect intellectual property rights or the risk of infringing and litigating with others regarding their intellectual property rights, and changes in the market price of the Company's common stock. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Contacts: Adam Parken Public Relations Manager +1.919.413.2598 adam.parken@tekelec.com Diva Goncalves Porter Novelli Technologies +55.11.3323.3751 diva.goncalves@porternovelli.com.br Maira Escovar Porter Novelli Technologies +55.11.3323.3794 maira.escovar@porternovelli.com.br
SOURCE: Tekelec
mailto:adam.parken@tekelec.com mailto:diva.goncalves@porternovelli.com.br mailto:maira.escovar@porternovelli.com.br
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Companies: Tekelec (TKLC)
Iowa Network Services and Onvoy Voice Services Select Tekelec for SS7 and VoIP Network Performance
MORRISVILLE, NC, Aug 17, 2009 (MARKETWIRE via COMTEX) --
Tekelec (NASDAQ: TKLC), the network signaling, mobile messaging and performance management company, has been selected to monitor signaling system 7 (SS7) and voice over Internet protocol (VoIP) traffic by Iowa Network Services (INS) and Onvoy Voice Services. INS and Onvoy operate and co-own the SS7 network, and had a need to monitor the increasing volume of IP traffic on their individual networks. Tekelec's Integrated Applications Solution (IAS) will monitor, correlate and report on multi-protocol network traffic to deliver critical business intelligence information for troubleshooting, traffic management and improved network efficiency.
In May of this year, INS and Onvoy replaced their existing performance management product with the IAS solution because of Tekelec's comprehensive network monitoring and reporting capabilities in both signaling system 7 (SS7) and session initiation protocol (SIP) domains. In addition, IAS integrates with Tekelec's EAGLE(R) 5 core network signaling platform, thereby reducing costs and streamlining operations by minimizing the need for passive probes to collect traffic data.
"Tekelec gives us the great benefit of analyzing trouble reports, billing issues and network traffic patterns to identify potential problems and better serve our customers," said Bob Sherlock, vice president of engineering for Iowa Network Services, a network of independent telephone companies that provides telecommunications services in rural Iowa. "IAS is the ideal way to collect SS7 and SIP data, and its ability to store 60 days of traffic allows us to easily compare historical and real-time network performance information."
IAS provides sophisticated data collection, correlation and reporting for more than 150 global wireline and wireless service providers. Through the analysis of network- and service-level traffic, IAS delivers new levels of network, service and customer intelligence, thereby improving subscribers' quality of service (QoS) and quality of experience (QoE). The solution offers troubleshooting capabilities and key performance indicators (KPIs) to support traffic management, security, and wireless services such as roaming, prepaid and short message service (SMS). The IAS platform supports both Time-Division Multiplexing (TDM) and VoIP networks with a common set of applications, troubleshooting between the two network domains in real time.
"Onvoy Voice Services continues to invest in the tools required to enhance the information available to our customers and to advance our SS7 service offering," said Fritz Hendricks, president of Onvoy, a wholesale telecom services provider based in Minnesota. "In using the Tekelec IAS, Onvoy has established an end-to-end, real-time and historical network monitoring system. The Tekelec IAS system enables Onvoy to rapidly identify the origin of suspect, non-billable traffic, thereby supporting our customer revenue collection efforts. This will be a differentiator for customers as we work together to expand into new markets."
Tekelec's traffic management KPIs enable service providers to quickly determine network traffic type, volume, origination and destination, as well as causes for uncompleted calls. The resulting intelligence ensures that traffic is managed properly and routed in the most efficient and cost-effective manner.
"The signaling layer is the best source to pinpoint anomalous network activity and areas requiring troubleshooting," said Ron de Lange, executive vice president at Tekelec. "We are excited about our deeper relationship with INS and Onvoy, and the improvements they're targeting to enhance customers' quality of service and experience."
For more information about IAS, Tekelec has a free "Customer Service Assurance" white paper available for download. Prepared by Stratecast Senior Consulting Analyst Karl Whitelock and Tekelec, the paper contains five case studies of customer service assurance implementations.
About Tekelec
Tekelec, a global leader in core multimedia session control, mobile messaging and network intelligence, ensures scalable, secure and highly available communications. The company's market-leading signaling solutions enable the interworking of different network applications, technologies and protocols, providing a smooth transition to next-generation networks. Tekelec has more than 20 offices around the world serving customers in more than 100 countries, with corporate headquarters located near Research Triangle Park in Morrisville, N.C., U.S.A. For more information, please visit www.tekelec.com.
About Onvoy Voice Services
Onvoy Voice Services, a subsidiary of Zayo Group, has been offering a full suite of wholesale services to wireless, wireline, cable and broadband telephone companies since 1991. Onvoy provides tandem and transit, wholesale CLEC, long distance, SS7/database services, and call management solutions such as directory assistance and operator services. Onvoy Voice Services is headquartered in Minnesota and continues to expand, now offering services throughout the Midwest and Great Lakes regions.
About Iowa Network Services
Iowa Network Services (INS) is privately owned by a group of 127 Independent Telephone Companies that has served 500,000 rural Iowans since 1989. The INS Network has been delivering the latest in telecommunications services and it continues to grow. Telephony, core network transport, broadcast video and Internet services via netINS are among the products offered by INS to telephone companies across the state of Iowa and to enterprise customers nationwide. For more information, visit www.IowaNetworkServices.com or call 800-469-4000.
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release are forward looking, reflect the Company's current intent, belief or expectations and involve certain risks and uncertainties. The Company's actual future performance may differ materially from such expectations as a result of important risk factors, which include, in addition to those identified in the Company's 2008 Form 10-K, 2009 First and Second Quarter Form 10-Q and its other filings with the Securities and Exchange Commission, the effect of the current or escalating economic crisis including the impact of credit availability and currency fluctuations on overall capital spending by our customers, the current or further detrimental changes in general economic, social, or political conditions in the countries in which we operate, the timeliness and functional competitiveness of our product releases, the timing of our recognition of revenues and changes to the accounting rules related thereto, our ability to maintain OEM, partner, and vendor support and supply relationships, business interruptions at the Company, its suppliers or customers resulting from the recent or subsequent flu pandemics, our ability to compete with other manufacturers that have lower cost bases than ours and/or are partially supported by foreign governments or employ other unfair trade practices, our ability to integrate acquisitions, our ability to protect intellectual property rights or the risk of infringing and litigating with others regarding their intellectual property rights, and changes in the market price of the Company's common stock. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Contact: Adam Parken Public Relations Manager (o) +1.919.653.9681 adam.parken@tekelec.com
SOURCE: Tekelec
mailto:adam.parken@tekelec.com
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Companies: Tekelec (TKLC)
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SMS Security
www.mobileeurope.co.uk
SMS Security Malicious attacks are just around the corner. Are you protected? This document is for informational purposes only and Tekelec reserves the right to change any aspect ...
http://www.mobileeurope.co.uk/asset/381/SMS_Security_Whitepaper_11.12.2007_FINAL.pdf
TEKELEC. FOR WHAT'S NEXT
Welcome to Tekelec Tekelec is a high-performance network applications company that is accelerating the transition to IP Multimedia Subsystem (IMS) networks for service providers around the globe.
Digital ICs - Electronics Design, Strategy, News | EDNAsia.com
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News, technical information and the latest developments of digital integrated circuits such as microprocessors, SDH multiplexers, comparators, duplexers, and demodulators. Digital ICs, typically microprocessors, DSPs, and micro controllers work using binary mathematics to process
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VocalData :: Tekelec
For more information on Tekelec's hosted VoIP and enhanced VoIP switching solutions, please visit us.
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Develops and provides innovative switching and diagnostic solutions that enable the convergence of traditional and converged wireline or wireless networks with IP voice and data ...
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Found at the heart of most global networks, Tekelec’s market-leading, mission-critical, high-performance network solutions enable the secure and instant delivery of calls and ...
Tekelec - Wikipedia, the free encyclopedia
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News from Zibb.com
- Tekelec Announces Strong Q3 2009 Revenues and Operating Income - Zibb.com
- Tekelec Named to Forbes' List of "America's 200 Best Small Companies" for Second Consecutive Year -
- Tekelec to Present on Revenue Generation and Network Cost Savings at Futurecom 2009 - Zibb.com
- Iowa Network Services and Onvoy Voice Services Select Tekelec for SS7 and VoIP Network Performance