CALABASAS, Calif.--(BUSINESS WIRE)--July 24, 2003--Tekelec (Nasdaq:TKLC - News) today announced that Marty Kaplan has joined its Board of Directors.
Mr. Kaplan formerly served as the Chairman of the Board of Santera Systems, prior to the closing of its transaction with Tekelec. He previously served as Executive Vice
President of SBC, where he was responsible for the integration of SBC Communications with Pacific Bell, Southern New England Telephone and Ameritech. He also acted
in a broad range of strategic executive roles at Pacific Bell, including President of the Network Services Group and Chief Technology, Quality, and Re-Engineering Officer.
During his career, Mr. Kaplan has been a member of numerous Boards of Directors, including Bellcore/Telcordia for ten years, and currently serves as Chairman of the Board
of JDS Uniphase. Mr. Kaplan earned a B.S. in engineering from the California Institute of Technology.
Frederick M. Lax, President and CEO of Tekelec, commented, "We are delighted to have a telecom industry veteran and person with such a distinguished track record
as Marty Kaplan joining our Board. Marty will help guide Tekelec's efforts as we work to become a leading next-generation switching provider. His industry knowledge and
perspective will be enormously beneficial to the company."
About Tekelec
Tekelec is a leading developer of telecommunications signaling solutions, packet-telephony infrastructure, network monitoring technology, and value-added applications.
Tekelec's innovative solutions are widely deployed in traditional and next-generation wireline and wireless networks and contact centers worldwide. Corporate headquarters
are located in Calabasas, Calif., 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 news release are forward looking, reflect the Company's current intent, belief or expectations and involve certain risks and uncertainties.
There can be no assurance that the Company's actual future performance will meet the Company's expectations. As discussed in the Company's 2002 Annual Report on
Form 10-K and other filings with the SEC, the Company's future operating results are difficult to predict and subject to significant fluctuations. Factors that may cause future
results to differ materially from the Company's current expectations include, among others: overall telecommunications spending, changes in general economic conditions,
the timing of significant orders and shipments, the lengthy sales cycle for the Company's products, the timing of the convergence of voice and data networks, the ability of
carriers to utilize excess capacity of signaling infrastructure and related products in the network, the capital spending patterns of customers, the dependence on wireless
customers for a significant percentage and growth of the Company's revenues, the success or failure of strategic alliances or acquisitions, the timely development and
introduction of new products and services, product mix, the geographic mix of the Company's revenues and the associated impact on gross margins, market acceptance of
new products and technologies, carrier deployment of intelligent network services, the ability of our customers to obtain financing, the level and timing of research and
development expenditures, regulatory changes, and the expansion of the Company's marketing and support organizations, both domestically and internationally. The
Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
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