WRAL Tech Wire

Ubuntu 'spanks' Red Hat; Lenovo first with Windows 8?; Cisco's software play; iPad may boost Tekelec; Nortel patents' new owners

Inside the Bulldog blog: Ubuntu's founder says his Linux is beating Red Hat; Lenovo reportedly wants first Windows 8 tablet; Cisco's CEO wants more software; iPad demand may help Tekelec's signaling business; "Rock Star" consortium gets OK to license former Nortel patents.

Tekelec emerging as leader in new mobile data technology

In its first major contract announced since the telecommunications gear and software company was taken private, Tekelec plants a big flag in an emerging communications market called Diameter Routing. Tekelec announces five more deals on Monday.

Diameter routing graphic

Shareholders approve $780 million Tekelec takeover

"Golden parachute" deals are approved, too, but face more resistance. The telecommunications gear and software firm is being bought by private equity firm Siris Capital and partners.

Three top Tekelec execs due $7.2 million in 'golden parachutes'

In an SEC filing, the Morrisville-based telecommunications gear and software firm says its CEO, general counsel and CFO will be compensated $1.6 million or more each if the $780 million of the acquisition by Siris Capital and its partners is approved.

Triangle poised for growth in high-tech, report says

A national real estate consulting firm's analysis puts the Raleigh-Durham solidly among areas to benefit from growth in high-tech services.

Stampede sends Tekelec shares past $780M buyout value

Private equity firm Siris Capital Group and some additional partners have agreed to pay $11 a share for the Morrisville-based telecommunications company. But a buying frenzy sends stock as high as $11.49.

Tekelec Headquarters

Copy of Tekelec shares soar above $780M buyout price

Telecommunications gear and software firm Tekelec, which is based in Morrisville, is being acquired by a private equity firm in a deal valued at some $780 million. The deal was announced early Monday.

Tekelec: Company will stay based in NC; other changes are coming

In a filing with the SEC, Tekelec spells out to its employees the changes that are coming as the company goes private in a $780 million deal with Siris, a private equity firm. While the management team will remain in place, a reorganization and layoffs announced in May will continue, the company says.

Tekelec shares soar above $780M buyout price

Telecommunications gear and software firm Tekelec, which is based in Morrisville, is being acquired by a private equity firm in a deal valued at some $780 million. The deal was announced early Monday.

$780 million sale caps a tumultuous year for Tekelec

The company's shares plummeted in value from a 52-week high of $13.98 to a low of $5.64 as its revenues declined, its chief executive officer left and its work force was cut 15 percent.

Frank Plastina with Tekelec gear

Some good news sends Tekelec stock soaring

News about a big sale and increase in revenues send shares surging 23 percent to close at $9.21 in New York, the biggest advance since August 2002. The stock has dropped 23 percent this year.

Tekelec's HQ

Extreme Networks makes RTP its engineering HQ

Industry veteran Gavin Cato, named as the company's vice president of engineering, will be based in the Durham office, the first VP-level executive Extreme has had in the Triangle.

Tekelec reports 12% decline in revenue but beats Street expectations

The telecommunications firm, its stock at a 52-week low, reports revenues of $96.8 million and an 8-cent per share profit.

Tekelec promotes exec to chief technology officer

Tekelec promotes current executive to CEO job

Ron de Lange, who joined the telecommunications gear and software company in 2005, replaces interim CEO Krish Prabhu. De Lange also joins the Tekelec board.

Ron de Lange