Tekelec Gets Nasdaq Delisting Notice

Tekelec, a maker of telecommunications equipment, on Thursday said it received notice from the Nasdaq this week that its shares may be delisted because the company didn’t file its 2005 annual report on time.

Tekelec, makers of an VoIP platform, confirmed to Comms Business Magazine that their only outlet in the UK was Voicenet Solutions who are providing a channel offering on the platform.

Tekelec plans to request a hearing with a Nasdaq panel regarding its late filing. The stock cannot be delisted before the panel reviews the request, but Tekelec said there can be no assurance that the panel will allow it to remain listed.

Last Friday, Tekelec said it missed the March 16 filing deadline and wouldn’t be able to file by the end of the month. The company has said it is working to file it as soon as possible.

In February, the company said it would restate results for fiscal 2003 and 2004, as well as the first nine months of 2005 to reclassify certain customer service costs.

Tekelec shares fell 3 cents to $13.16 in morning trading on the Nasdaq.

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