Tekelec Reports Loss on Sharp Revenue Drop
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Tekelec, a Calabasas maker of telecommunications testing equipment, reported a large first-quarter loss on a sharp drop in revenue.
In the three months that ended March 31, Tekelec lost $3.33 million, while its revenue fell 20% to $11.2 million. The company earned $478,000 on $14 million in revenue in the comparable period in 1992.
The company attributed the lower results to a decline in orders from the domestic market.
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