Public & Investors

Tollgrade Features New Cheetah CMD-EL End-of-line Monitoring Point and CQM IP Test Element for Digital Call Quality at SCTE Cable-Tec 2008, June 24-27
Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, will feature for the first time at the Cable-Tec EXPO two new solutions for cable operators – CMD-EL™, a DOCSIS®-based end-of-line RF monitor that provides real-time measurement data to aid in diagnosing network faults and intermittent performance issues, and CQM™ (or Call Quality Manager), a network-based IP test element that enables cable operators to pre-qualify, verify provisioning  and remotely troubleshoot a variety of digital voice services.

Tollgrade Communications Honored by AT&T as Outstanding Supplier
June 17, 2008 – Commitment to excellence over the past year has earned Tollgrade Communications, Inc. (NASDAQ: TLGD), recognition as an outstanding supplier to affiliates of AT&T Inc. (NYSE: T), one of the world’s leading data, voice, wireless and Internet services providers.

Tollgrade Features Latest Broadband Service Assurance Solutions at NxtComm in Las Vegas, June 17-19
June 11, 2008 - Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the telecom and cable industries, today announced that it will feature the company’s latest broadband service assurance solutions – the new DigiTest® ICE™ broadband service assurance probe for remote low-line-count DSLAM locations, and the LDU 50, a proven physical layer test probe solution for central offices and remote cabinets – at NXTComm 2008 in Las Vegas, June 17-19, 2008. Both products – DigiTest ICE and LDU 50 – will be featured at Booth 4724 at the Las Vegas Convention Center.

Annual Shareholder Meeting
Download the 2008 Tollgrade Communications Annual Shareholder Meeting Presentation (PDF 4.5MB)

WEBCAST ALERT
Tollgrade Annual Shareholder Meeting
Tuesday, May 13, 3:00 PM ET
Click to register.

TOLLGRADE REPORTS FIRST QUARTER 2008 RESULTS
April 30, 2008 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of service assurance products and solutions, today reported revenue of $13.2 million and a loss per share of ($0.49) for the first quarter ended March 29, 2008. The Company previously announced on April 10, 2008 that revenue and per share results for the first quarter of 2008 would fall below the guidance ranges that were provided on January 30. These first quarter results include the impact of non-cash charges for impairment of certain intangible assets and inventory, and stock-based compensation expense, including credits for expenses provided in prior periods, as well as restructuring and severance expenses. For the first quarter of 2008, these charges affected loss per share by ($0.33), resulting in a non-GAAP loss per share of ($0.16) for the first quarter of 2008. In comparison, revenue and earnings per share for the first quarter of 2007 were $13.0 million and $0.01, respectively, and similar charges in the first quarter of 2007 affected per share results by ($0.03), resulting in non-GAAP earnings per share of $0.04 for the first quarter of 2007.

Tollgrade Updates First Quarter 2008 Expected Results
Financial Advisor Retained to Assess Strategic Options
April 10, 2008 - Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading global supplier of test and measurement solutions, today announced that revenue for its first quarter ending March 29, 2008, will be $13.2 million, below the lower end of revenue estimates provided by the Company on January 30, 2008, when it estimated that revenue could range from $13.5 million to $16 million. Also, the Company expects the loss per share to be greater than the estimated loss per share range of ($0.14) to ($0.05).

Separately, the Company announced that it has engaged Needham & Company, LLC as its financial advisor to assist in its ongoing review of strategic business opportunities to enhance shareholder value. As part of this review, the Board intends to consider a full range of possible directions.

Tollgrade Reports Fourth Quarter 2007 Results and Initiates Strategy and Realigns Resources for Growth Opportunities
January 30, 2008 - Tollgrade Communications, Inc. (NASDAQ: TLGD) today reported revenues of $18.8 million and a loss per share of ($2.14) for the fourth quarter ended December 31, 2007.  These fourth quarter results include the impact of non-cash charges for impairment of intangible assets and goodwill, the establishment of a valuation allowance against certain tax assets not expected to be realized in the future, as well as restructuring, severance and stock-based compensation expenses.  In comparison, for the fourth quarter of 2006, revenues were $16.6 million with earnings per share of $0.12.

TOLLGRADE ANNOUNCES KEY MANAGEMENT APPOINTMENTS IN SALES, MARKETING AND PROFESSIONAL SERVICES
January 28, 2008 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leader in centralized network service assurance products, services and solutions, has named three executives to oversee global management functions in sales, telecom and cable marketing and professional services.

TOLLGRADE JOINS GRIDWISE™ ALLIANCE OF SMART GRID TECHNOLOGY COMPANIES
January 25, 2008 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leader in centralized network service assurance products, services and solutions, has joined the national consortium GridWise™ Alliance. Tollgrade is among more than 40 leading U.S. companies and organizations that are participating in the Alliance’s collective effort to transform the nation’s electric power and distribution systems.

TOLLGRADE FOURTH QUARTER 2007 EARNINGS RESULTS CONFERENCE CALL SCHEDULED FOR THURSDAY, JANUARY 31, 2008 AT 9:00 AM ET
January 21, 2008 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the fourth quarter of 2007 on Thursday, January 31, 2008 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: 412-858-4600). Please reference Tollgrade's Fourth Quarter 2007 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=45344.

TOLLGRADE PROMOTES JOSEPH FERRARA TO PRESIDENT AND CEO
11-16-07 - Tollgrade Communications, Inc. (Nasdaq: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, announced today that Joseph Ferrara, 41, Senior Vice President of Marketing and Sales, was promoted to the position of President and Chief Executive Officer, effective immediately. In addition, Mr. Ferrara was also named as a director on the Company’s Board of Directors.

TOLLGRADE REPORTS THIRD QUARTER 2007 REVENUE OF $20.6 MILLION
Third Quarter Results Within Guidance Range
10-24-07 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today reported revenues of $20.6 million and earnings per share of $0.11 on a GAAP basis and $0.13 on a non-GAAP basis for the third quarter ended September 29, 2007.

TOLLGRADE THIRD QUARTER 2007 EARNINGS RESULTS CONFERENCE CALL SCHEDULED FOR THURSDAY, OCTOBER 25, 2007 AT 9:00 A.M. ET

10-15-07 –Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the third quarter of 2007 on Thursday, October 25, 2007 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: 412-858-4600). Please reference Tollgrade's Third Quarter 2007 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address:  
http://www.videonewswire.com/event.asp?id=43143

ZARLINK AND TOLLGRADE COLLABORATE ON SIMPLIFIED SOLUTION FOR THE COMMUNICATION INFRASTRUCTURE BY OFFERING SYSTEM-LEVEL INTEGRATED LINE-TEST

10-05-07– Zarlink Semiconductor Inc. (NYSE/TSX:ZL) today announced an interoperability and co-marketing agreement with Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the telecom industry, to create a single solution for identifying, isolating and resolving packet and TDM voice network performance issues.

TOLLGRADE EXHIBITS AT BROADBAND WORLD FORUM EUROPE IN BERLIN
LDU 50 and DigiTest®  ICE™ Are Featured IP Service Assurance Products

10-2-07 – Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, will for the first time, exhibit at the World Broadband Forum Europe in Berlin from October 8 - 11, 2007.

TOLLGRADE COMPLETES ACQUISITION OF BROADBAND TEST DIVISION OF TERADYNE
Expands Tollgrade’s Global Footprint of Broadband Network Testing
August 1, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, announced today that it has completed its acquisition of the Broadband Test Division of Teradyne, Inc. (NYSE: TER).

TOLLGRADE NAMES JOSEPH FERRARA SENIOR VICE PRESIDENT MARKETING & SALES

August 1, 2007– Tollgrade Communications, Inc. (Nasdaq: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, announced today that Joseph Ferrara, a former Ericsson and Marconi executive, has joined the company as Senior Vice President of Marketing and Sales.

TOLLGRADE ANNOUNCES STOCK REPURCHASE PROGRAM

JULY 26, 2007 – Tollgrade Communications, Inc. (Nasdaq: TLGD) today announced that its Board of Directors has approved a program for the repurchase of up to 1,000,000 shares of the Company's common stock through December 31, 2007. As of June 30, 2007, the Company had approximately 13,263,000 shares of common stock outstanding.

TOLLGRADE REPORTS SECOND QUARTER 2007 RESULTS

July 18, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today reported revenues of $14.2 million and earnings per share of $0.03 on a GAAP basis and $0.06 on a non-GAAP basis for the second quarter ended June 30, 2007. In comparison, for the second quarter of 2006, revenues were $16.3 million and earnings per share were a loss of $(0.01) on a GAAP basis and breakeven on a non-GAAP basis.

TOLLGRADE SECOND QUARTER 2007 EARNINGS RESULTS CONFERENCE CALL SCHEDULED FOR THURSDAY, JULY 19, 2007 AT 9:00 A.M. ET

July 9, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the second quarter of 2007 on Thursday, July 19, 2007 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: 412-858-4600). Please reference Tollgrade's Second Quarter 2007 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address:  http://www.videonewswire.com/event.asp?id=40816

TOLLGRADE UPDATES SECOND QUARTER 2007 EXPECTED RESULTS

June 21, 2007 - Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it currently expects that its revenue and earnings for the second quarter ending June 30, 2007, will be near the low end of the range of estimates provided by the Company on April 25, 2007. Those estimates indicated that revenue could range from $15 million to $19 million for the second quarter, with earnings per share ranging from $0.07 to $0.19. This is primarily caused by certain international project implementation issues, which are delaying the receipt by the Company of customer acceptances for such project during the current quarter.

TOLLGRADE ANNOUNCES INDUSTRY’S FIRST EMBEDDED DOCSIS®-BASED FIBER NODE TRANSPONDER
AT CABLE-TEC EXPO 2007

June 20, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, today introduced the industry’s first Embedded DOCSIS®-based Node Transponder platform. A demonstration will be held at Booth #356 at SCTE Cable-Tec EXPO 2007, being held this week in Orlando, Florida.

TOLLGRADE INTRODUCES DIGITEST® “ICE” IP SERVICE ASSURANCE PROBE AT NXTCOMM 2007

June 19, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, today introduced the company’s new DigiTest® ICE™ IP Service Assurance Probe for remote low-line-count DSLAM locations. Tollgrade’s ICE product will be featured at Booth 7537 at NXTComm in Chicago, June 19-21, 2007. DigiTest ICE delivers a full suite of metallic, xDSL and multi-layered IP service assurance applications that have been optimized for remote low-line-count DSLAMs.

TOLLGRADE COMMUNICATIONS HONORED BY AT&T AS OUTSTANDING SUPPLIER

June 18, 2007 – Commitment to excellence over the past year has earned Tollgrade Communications (Nasdaq: TLGD), a leading supplier of network service assurance for the telecom and cable industries, recognition as an outstanding supplier to AT&T, Inc. (NYSE: T), one of the world’s leading data, voice, wireless and Internet services providers.

TOLLGRADE INTRODUCES DOCSIS®-BASED BROADBAND WIRELESS ACCESS POINT AT CABLE-TEC EXPO 2007

June 13, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, announced today the introduction of its most recent product development, the company’s DOCSIS®-based broadband wireless access point, the HyFi™1100. The HyFi 1100 is an economical solution that is intended to enable Cable Operators to leverage their existing Hybrid Fiber Coax (HFC) network to provide broadband wireless services for city-wide Hotzone and Municipal Wi-Fi applications. The HyFi 1100 will be featured at Booth 356 at SCTE Cable-Tec EXPO 2007, being held next week in Orlando, Florida.

TOLLGRADE TO ACQUIRE BROADBAND TEST DIVISION OF TERADYNE, INC.
Acquisition of Software, Hardware and Professional Services Expands Global Footprint of Broadband Network Testing

May 31, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it has reached a definitive agreement to acquire the assets of the Broadband Test Division of Teradyne, Inc. (NYSE: TER). The Teradyne Broadband Test Division will add a significant European presence of customers for which Teradyne currently provides traditional POTS and DSL testing solutions. Tollgrade will acquire substantially all the assets of this business for $12 million in cash, plus the assumption of specified liabilities, subject to adjustment for certain items. Completion of the acquisition is subject to customary closing conditions, and is expected to occur in the third quarter of 2007. Tollgrade preliminarily expects that the acquisition will be accretive to GAAP earnings per share in fiscal year 2007, and could add up to $10 million to 2007 revenues.

WEBCAST ALERT

Tollgrade Annual Meeting of Shareholders

Wednesday, May 16, 3:00 PM ET

Click to register.

Click here to view slides presented by

Mark Peterson, Tollgrade CEO

TOLLGRADE REPORTS FIRST QUARTER 2007 RESULTS WITHIN GUIDANCE

April 25, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today reported revenue of $13.0 million and earnings per share of $0.01 for the first quarter ended March 31, 2007. These results include a per share charge of $(0.03) for the restructuring initiatives announced on July 27, 2006 and stock-based compensation expense. Excluding this charge, non-GAAP earnings per share for the first quarter ended March 31, 2007 were $0.04. In comparison, revenue and earnings per share for the first quarter of 2006 were $17.6 million and $0.00 earnings per share on a GAAP and non-GAAP basis. Revenue and earnings per share for the first quarter of 2007 were within the range of estimates the Company provided on January 31, 2007, which indicated revenue could range from $12 million to $15 million and earnings per share on a GAAP basis could range from a loss of $(0.03) to income of $0.08.

TOLLGRADE FIRST QUARTER 2007 EARNINGS RESULTS CONFERENCE CALL SCHEDULED FOR THURSDAY, APRIL 26, 2007 AT 9:00 A.M. ET
April 12, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the first quarter of 2007 on Thursday, April 26, 2007 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: 412-858-4600). Please reference Tollgrade's First Quarter 2007 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=39040

TOLLGRADE REPORTS FOURTH QUARTER 2006 RESULTS

AT HIGH END OF EARNINGS GUIDANCE

January 31, 2007 - Tollgrade Communications, Inc. (NASDAQ: TLGD) today reported revenue of $16.6 million and earnings per share of $0.12 for the fourth quarter ended December 31, 2006. These results include a per share charge of $(0.02) for the cost of restructuring initiatives announced on July 27, 2006. Excluding this charge, non-GAAP earnings for the fourth quarter ended December 31, 2006 were $0.14 per share. In comparison, revenue and earnings per share for the fourth quarter of 2005 were $18.2 million and $0.14, respectively. Revenue and earnings per share for the fourth quarter of 2006 were within the range of estimates the Company provided on October 25, 2006, which indicated sales could range from $14.5 million to $18.5 million, and earnings per share could range from $0.02 to $0.13 on a GAAP basis and from $0.03 to $0.14 on a non-GAAP basis.

TOLLGRADE FOURTH QUARTER 2006 EARNINGS RESULTS CONFERENCE CALL SCHEDULED FOR THURSDAY,
FEBRUARY 1, 2007 AT 9:00 A.M. ET

January 22, 2007 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the fourth quarter of 2006 on Thursday, February 1, 2007 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: 412-858-4600). Please reference Tollgrade's Fourth Quarter Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=37526