Key Developments For Tollgrade Communications Inc
Tollgrade Communications Inc (TLGD.O) (Nasdaq)
Tollgrade Communications, Inc. Issues Q4 2009 Revenue Outlook
Tollgrade Communications, Inc. announced that for the fourth quarter of 2009, it expects revenue to be in the range of $11.5 million to $13.5 million and the Company is striving to achieve profitability in the quarter.
Tollgrade Communications, Inc. Appoints Michael D. Bornak As Interim CFO-Form 8-K
Tollgrade Communications, Inc. reported in its Form 8-K that effective September 17, 2009, the Company engaged Michael D. Bornak, as its interim Chief Financial Officer (CFO), to serve for a period of three months, unless extended by mutual agreement.
Tollgrade Communications, Inc. Introduces Stratum Service Assurance Platform For Testing Triple Play Services For Telecom Operators
Tollgrade Communications, Inc. announced the launch of its new service assurance platform solution, called Stratum. Stratum is being introduced to telecom providers to help integrate new IP-based network testing initiatives with existing platforms, thus providing integrated test analysis across a variety of access technologies. Stratum will support multiple data inputs from a customer's network and test resources, including Tollgrade's existing 4TEL, Celerity and LoopCare software platforms and test probes, and perform combinational expert system analysis of faults in the access network to enable more effective dispatching of field resources.
Tollgrade Communications, Inc. Issues Q3 2009 Revenue Outlook
Tollgrade Communications, Inc. announced that for the third quarter of 2009, it expects revenue to be in the range of $10 million to $12 million.
Tollgrade Communications, Inc. Renews Three Multi-Year Software Services Agreements With Major Telecom Operators Representing $21 Million in Total Revenue
Tollgrade Communications, Inc. announced that it has renewed three multi-year software services agreements with existing Tier 1 telecom operators in the United States and Europe. Among the three major telecom customers, one has agreed to a five-year extension of their existing agreement, while two other customers have signed three-year extensions to their agreements. Collectively, these multi-year commitments represent approximately $21 million in total revenue over their combined terms. These contracts include software and hardware maintenance support and professional on-call services that are important to the operation of a telecom operator's test system. The agreements provide Tollgrade with a predictable revenue stream and backlog for its software maintenance and services product line.
