Science & Technology
Science and Technology
Science and Technology
Mon, November 16, 2009
Sun, November 15, 2009
Fri, November 13, 2009
Tekelec Wins 2009 NCTA 21 Award for "Public Company of the Year"
MORRISVILLE, NC--(Marketwire - November 13, 2009) - [ Tekelec ] (
This recognition follows Tekelec last month being named to the prestigious Forbes ranking of [ "America's 200 Best Small Companies" ] for the second consecutive year. Both honors were based on Tekelec's financial performance, such as stock price, profit, return on equity, sustained growth and solid operating results. Other finalists in "Public Company of the Year" category were Cornerstone Therapeutics, Credit Suisse and Red Hat.
"We are always honored to be recognized for delivering shareholder value, and it is especially rewarding in today's economy," said Frank Plastina, Tekelec's president and chief executive officer. "We are proud to support NCTA's mission to promote technology throughout the state and beyond with other market-leading companies."
Though the telecommunications sector has suffered from the economic downturn, Tekelec had record full year revenues in 2008, and has achieved a year-to-date revenue increase in 2009. The growth is due to operators' needs to cost-effectively support and monitor the increasing use of global communications, such as the mobile Internet and text messages. Tekelec enables communications for more than one billion mobile, Internet and land-line subscribers in more than 100 countries.
The NCTA 21 Awards are recognized as the state's most prestigious technology awards, celebrating innovation and excellence in North Carolina. This annual showcase honors companies and individuals in 21 categories who represent the best and brightest in technology and business across North Carolina.
About Tekelec
Tekelec, a global leader in core multimedia session control, mobile messaging and network intelligence, ensures scalable, secure and highly available communications. The company's market-leading signaling solutions enable the interworking of different network applications, technologies and protocols, providing a smooth transition to next-generation networks. Tekelec has more than 20 offices around the world serving customers in more than 100 countries, with corporate headquarters located near Research Triangle Park in Morrisville, N.C., U.S.A. For more information, please visit [ www.tekelec.com ].
About NCTA
The North Carolina Technology Association's mission is "Making North Carolina #1 in Technology and Technology #1 in North Carolina." The organization does this through three main focus areas: executive engagement, public affairs, and knowledge workforce. For more information, visit our website at [ www.nctechnology.org ].
FORWARD-LOOKING STATEMENTS
Certain statements made in this press release are forward looking, reflect the Company's current intent, belief or expectations and involve certain risks and uncertainties. The Company's actual future performance may differ materially from such expectations as a result of important risk factors, which include, in addition to those identified in the Company's 2008 Form 10-K, 2009 First, Second and Third Quarter Form 10-Qs and its other filings with the Securities and Exchange Commission, the effect of the current or escalating economic crisis including the impact of credit availability and currency fluctuations on overall capital spending by our customers, the current or further detrimental changes in general economic, social, or political conditions in the countries in which we operate, the timeliness and functional competitiveness of our product releases, the timing of our recognition of revenues and changes to the accounting rules related thereto, our ability to maintain OEM, partner, and vendor support and supply relationships, the extent to which any customer outsourcing to our competitors and supplier consolidation increase the influence of competitors on our customers' purchases, business interruptions at the Company, its suppliers or customers resulting from the recent or subsequent flu pandemics, our ability to compete with other manufacturers that have lower cost bases than ours and/or are partially supported by foreign governments or employ other unfair trade practices, our ability to integrate acquisitions, our ability to protect intellectual property rights or the risk of infringing and litigating with others regarding their intellectual property rights, and changes in the market price of the Company's common stock. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
