Tekelec (NASDAQ:TKLC) has been named as one of America's 200 Best Small Companies by Forbes magazine in its annual list of public companies with sales between $5 million and $750 million. The Forbes ranking comes weeks after Standard & Poor's added Tekelec to its S&P SmallCap 600. The S&P selection was based on financial criteria including financial viability, liquidity, adequate float size and market capitalization between $250 million and $1.5 billion.
Forbes' evaluation is based on return on equity, sales growth and profit growth over the past 12 months and also over five years. In addition, magazine staff compared companies' stock performance with their industry peers, and required companies to have a minimum stock price of $5 as of Sept. 29, 2008.
"The Tekelec team has worked diligently to build a company that is based on operational excellence and innovation, said Frank Plastina, president and chief executive officer, Tekelec. I am pleased to see Tekelec employees be recognized for their ongoing efforts to deliver value to our customers and our shareholders."
Tekelec enables more than one billion people to communicate over mobile phone, mobile Internet and land-line connections, with customers spanning 68 countries. Demand for Tekelec's solutions is being driven by the need to support the global rise in network traffic, including text messages and worldwide cellular expansion. The company has added 37 new customers in the last seven quarters, expanding its market share in the world's emerging economies.
About Tekelec
Tekelec leverages its global leadership in core multimedia session control and network intelligence to ensure scalable, secure and highly available communications. The company's leading signaling solutions enable the interworking of different network applications, technologies and protocols, providing a smooth transition to next-generation networks. Corporate headquarters are located near Research Triangle Park in Morrisville, N.C., U.S.A., with research and development facilities and sales offices throughout the world. For more information, please visit www.tekelec.com.
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 2007 Form 10-K, First Quarter 2008 Form 10-Q, Second Quarter 2008 Form 10-Q and its other filings with the Securities and Exchange Commission, the effect of the current economic crisis on overall telecommunications spending by our customers, further changes in general economic conditions and unexpected changes in economic, social, or political conditions in the countries in which we operate, the timeliness and functional competitiveness of our product releases, our ability to maintain OEM, partner, and vendor support and supply relationships, our ability to compete with other manufacturers that have lower cost bases than ours and/or are partially subsidized by foreign governments or employ other unfair trade practices, changes in the market price of the Company's common stock and reductions in telecommunications carrier capital spending. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.