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Local Tech Wire

MORRISVILLE, N.C. – Shares in telecom software and network equipment manufacturer (Nasdaq: TKLC) plunged 20 percent in morning trading Thursday after the company announced quarterly earnings, two acquisitions and revised revenue forecasts.

Tekelec reported earnings of 26 cents per share before the markets opened. That was 1 cent higher than analysts polled by Thomson Reuters had expected.

However, shares fell 20 percent to $14.09, or $3.46, in late morning trading.

By just before 2 p.m., shares rallied a bit to $14.27, but were still down $3.28‎ (-18.69 percent) for the day.

By the close, shares finished at $14.10, off $3.45‎ or 19.7 percent.

Some 6.75 million shares were traded – 10 times the daily average.

Its 52-week high is $19.89, its year-low $13.75.

The company also said it was buying two network communications software firms, Camiant and Blueslice Networks. According to Tekelec, the acquisitions will make it “the only player in the industry” that can “blend and capture” a wide variety of communications data, including mobile messaging.

Tekelec closed on the Blueslice deal on Wednesday.

“With these acquisitions, Tekelec will help shape the definition of next-generation core networks as global service providers evolve to all-Internet protocol (IP) architectures such as long-term evolution (LTE) and IP multimedia subsystem (IMS),” Tekelec said in a statement. Tekelec is a global leader in messaging and number management technology.

Tekelec will pay $130 million in cash for Camiant.

Camiant, which is based in Marlborough, Mass., has more than 100 employees. Its customers include Verizon, Vodafone, Sprint, Comcast and Cox Communications.

The company also is working with Verizon in deployment of its 4G (fourth generation wireless broadband) network.

Bluesclice, which is privately held and based in Montreal, employs some 50 people. Tekelec paid $35 million for Blueslice plus another $3.5 million in cash and stock based on achievement of business milestones.

"Tekelec is now the only player in the industry with a portfolio solely focused on scaling the intelligence layer of all-IP networks. Camiant’s and Blueslice’s histories of innovation, market leadership, and software-centric business models enhance our ability to enable service providers to manage network complexity and enhance the user experience,” Tekelec Chief Executive Officer Frank Plastina said in a statement.

For more about the acquisitions,

Earnings report

Tekelec reported revenues of $116 million for the most recent quarter, a decline of 1 percent from a year ago. Orders in the quarter declined 17 percent to $56.7 million.

Its order backlog is $308.4 million, down from $373.6 million in the previous quarter.

Earnings increased, however, by 8 percent with a profit of $13.7 million.

For 2010, Tekelec forecast revenues of between $465 million and $480 million with a profit of between 95 cents and $1.10.

Thomson Reuters reported that analysts had expected $480.1 million in revenue and a $1.13 per share profit.

For the financial report,

(For a transcript of Plastina’s conference call with analysts, )