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Posts tagged “Tekelec”

November 8, 2011

Premium Lock Copy of Tekelec shares soar above $780M buyout price

Tekelec's HQ 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.

November 8, 2011

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

Tekelec 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.

Updated November 7, 2011

Premium Lock Tekelec shares soar above $780M buyout price

Tekelec's HQ 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.

Updated November 7, 2011

Premium Lock $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 Frank Plastina with Tekelec gear

Updated October 20, 2011

Premium Lock 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 Tekelec's HQ

Updated October 5, 2011

Premium Lock Extreme Networks makes RTP its engineering HQ

Extreme Networks 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

Premium Lock Tekelec reports 12% decline in revenue but beats Street expectations

Tekelec 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

Premium Lock 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 Ron de Lange

Updated May 18, 2011

Premium Lock Tekelec names former Alcatel-Lucent exec as board chairman

Tekelec Headquarters The telecommunications gear and software company says Hubert de Pesquidoux will succeed Mark Floyd.

May 5, 2011

Premium Lock Tekelec plans to cut up to 15 percent of workforce

Tekelec Headquarters 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

Premium Lock Tekelec reportedly to announce layoffs Thursday

Tekelec Headquarters Tekelec is expected to announce major layoffs this morning as the Morrisville company deals with falling revenue and rising operating costs.

Tags: Tekelec
February 16, 2011

Premium Lock Tekelec expands board; current chair not seeking re-election

Tekelec The networking gear and software company continues to reshape internally after a turbulent start to 2011.

Tags: Tekelec
Updated February 11, 2011

Premium Lock Tekelec faces another suit after shares plummet 29%

Tekelec 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.

Tags: Tekelec
Updated February 10, 2011

Premium Lock 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 Headquarters

January 7, 2011

Premium Lock 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 Headquarters

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