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Tekelec Attributes Net Loss to Restructuring Charge

May 02, 2000

Tekelec in Calabasas reported a net loss for the first quarter ended March 31 of $1.8 million compared to net income of $492,000 for the same period last year. Revenues rose to $60.1 million from $32.7 million. The decrease in income was in part due to a restructuring charge of $1.8 million in the first quarter the company said.

Tekelec supplies signaling and control systems and designs network switching and diagnostic solutions for the integration of wire and wireless communication systems.

For the Record
Los Angeles Times Tuesday May 9, 2000 Valley Edition Metro Part B Page 7 Zones Desk 1 inches; 23 words Type of Material: Correction
Tekelec earnings--A May 2 business brief misstated the reason for Tekelec's first-quarter loss. The company said the loss was related to its acquisition of IEX Corp.

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