Updated October 20, 2011
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.
Updated October 5, 2011
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.
August 4, 2011
The telecommunications firm, its stock at a 52-week low, reports revenues of $96.8 million and an 8-cent per share profit.
Updated June 1, 2011
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
Updated May 18, 2011
The telecommunications gear and software company says Hubert de Pesquidoux will succeed Mark Floyd.
May 5, 2011
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.
Updated May 5, 2011
Tekelec is expected to announce major layoffs this morning as the Morrisville company deals with falling revenue and rising operating costs.
February 16, 2011
The networking gear and software company continues to reshape internally after a turbulent start to 2011.
Updated February 11, 2011
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.
Updated February 10, 2011
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.
January 7, 2011
The Morrisville-based maker of telecommunications whose chief executive officer resigned this week says it will fight the suit "vigorously."
Updated January 6, 2011
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
Updated January 6, 2011
One analyst believes investors are optimistic a new CEO will help accelerate growth.
December 23, 2010
Michael Julian and Bob Hannough become vice presidents for business development and sales, respectively.
November 4, 2010
The telecommunications software and hardware manufacturer had been expected to report a profit. It also reduces financial guidance.