Posts tagged “Tekelec”
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 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
Tekelec names former Alcatel-Lucent exec as board chairman
The telecommunications gear and software company says Hubert de Pesquidoux will succeed Mark Floyd.
SciQuest receives honor; Tekelec names sales execs; North State beefs up triad broadband; MetaMetrics adds scientist
Tekelec plans to cut up to 15 percent of workforce
The Morrisville gear maker reported first quarter financials Thursday noting a 7 percent drop in revenue from a year ago with plans to cut its global workforce by 10 to 15 percent as part of a corporate restructuring in 2011.
Tekelec reportedly to announce layoffs Thursday
Tekelec is expected to announce major layoffs this morning as the Morrisville company deals with falling revenue and rising operating costs.
Tech briefs: News from SAS, Red Hat, Fast-teks, Tekelec, Metabolon, BioDelivery Sciences, Consultwebs
Tekelec expands board; current chair not seeking re-election
The networking gear and software company continues to reshape internally after a turbulent start to 2011.
Tekelec faces another suit after shares plummet 29%
The networking communications gear and software company takes a huge financial hit after cutting its 2011 revenue forecast. A law firm files a class action suit in wake of a disastrous day on Wall Street.
Tekelec shares tumble 13% after revenue forecast cut
The network management software and equipment manufacturer reports a 27 percent drop in fourth quarter revenue. The Morrisville-based firm also says revenues this year could fall as much as $44 million.
Tekelec Headquarters
Tekelec faces class-action lawsuit alleging stock fraud
The Morrisville-based maker of telecommunications whose chief executive officer resigned this week says it will fight the suit "vigorously."
Tekelec Headquarters
Tekelec CEO resigns, gets $2.5M severance
The networking gear and software firm says Frank Plastina stepped down Tuesday but will serve as a consultant for the next year. Board member Krish Prabhu takes over as interim CEO.
Tekelec CEO Frank Plastina
Tekelec closes up 11% as CEO leaves, revenue forecast cut
One analyst believes investors are optimistic a new CEO will help accelerate growth.
Tantalus grows executive team to continue expansion
Michael Julian and Bob Hannough become vice presidents for business development and sales, respectively.
Tekelec profit falls, missing Street expectations
The telecommunications software and hardware manufacturer had been expected to report a profit. It also reduces financial guidance.
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