WRAL Tech Wire

S&P to add Tekelec to its SmallCap 600

On The Web

• Tekelec

Site Search

Telecommunications software and gear maker Tekelec (Nasdaq: TKLC) is about to get some additional Wall Street exposure.

Standard & Poor’s said on Friday that it would add Tekelec to its S&P SmallCap 600 after trading closes on Oct. 3. Tekelec will replace Sciele Pharma (Nasdaq: SCRX), which is being acquired.

The SmallCap 600 includes firms with market capitalizations between $250 million and $1.5 billion.

Tekelec shares traded up 18 cents at $15.04 Friday morning.

The firm’s market cap is $990 million, according to Yahoo! Finance.