Bit by bit departure as switch maker leaves L.A. without fanfare.WITH little fanfare, telecom equipment maker Tekelec Tekelec, Inc. (NASDAQ:TKLC), (founded 1979 in California, now headquartered in Morrisville, North Carolina, USA) is an industry leader building smart carrier networks through an innovative combination of signaling, switching, and applications. has been pulling out of L.A., bit by bit. Headquartered in Calabasas until a few months ago, the switch-maker had started moving to Morrisville, N.C. about a year ago. First to go were the manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , followed by accounting and finance. Company executives moved over the summer. There are now 600 employees in Morrisville, N.C. and about 40 left in Calabasas. The company expects to complete the move by year-end. Tekelec has 1,500 employees nationwide. The company changed its letterhead in August to reflect the new Dixieland address. At its height, the Calabasas office had 145 employees. "It made financial sense," said spokeswoman Joni King Brooks, in explaining the move. The company had two business units in Morrisville and lots of space. "It's got to be more economical to be North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , compared with Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, ," she said. As a telecom switch-maker in an age of skyrocketing voice over Internet protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. installations, Tekelec has led its market for three of the past four quarters, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. market research firm Dittberner Associates, with a 32 percent market share for the second quarter ended June 30. The company reported second-quarter net income of $5.6 million, compared with a loss of $304,000 for the like period a year earlier. Revenue was $133 million, up from $95.6 million. Staff reporter Hilary Potkewitz can be reached at (323) 549-5225, ext. 226, or by e-mail at hpotkewitz@labusinessjournal.com. |
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