Tekelec sells its network diagnostics unit. (Media & Technology).Network switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. maker Tekelec has sold its network diagnostics (1) Software routines that test hardware components (memory, keyboard, disks, etc.). Diagnostics are often stored in ROM chips and activated on startup. (2) Error messages in a programmer's source code that refer to statements or syntax that the compiler or assembler unit to Mountain View-based Catapult catapult (kăt`əpŭlt'), mechanism used to throw missiles in ancient and medieval warfare. At first, catapults were specifically designed to shoot spears or other missiles at a low trajectory (see bow and arrow). Communications Corp. for about $59.8 million. Mike Margolis, Tekelec's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said the sale will solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. the Calabasas-based company's financial position. "The sale allows Tekelec to focus on the significant opportunities in our core business, while also providing added liquidity to our already strong balance sheet," he said. For the quarter ending June 30, Tekelec reported $4.5 million in net income on $80 million in total revenue, compared to a year earlier when it posted a $4.6 million loss on $70.9 million in revenue. Margolis said the company will continue to focus on its core network switching systems, which include media and signaling controllers that allow messaging, wireless and data transmission functions, all of which make up about 70 percent of its sales. Tekelec also develops software for managing call center operations. Business Journal reporter Carlos Martinez may be reached at (818) 676-1750 ext. 17 or by e-mail at cmartinez@sfvbj.com. |
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