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Tollgrade Reports Second Quarter 2008 Results
Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today reported revenue of $14.6 million and a loss per share of ($0.02) for the second quarter ended June 28, 2008. These results include the effects of non-cash charges for stock-based compensation and restructuring expenses, which amounted to $0.02 per share. Excluding these charges, non-GAAP earnings performance for the second quarter 2008 was break-even. In comparison, on a GAAP basis, revenue and earnings per share for the second quarter ended June 30, 2007 were $14.2 million and $0.03, respectively, while earnings per share on a non-GAAP basis for the second quarter ended June 30, 2007, were $0.06.

Tollgrade Second Quarter 2008 Results Conference Call Scheduled for Thursday, July 24, 2008, at 9:00 A.M. ET
Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the second quarter of 2008 on Thursday, July 24, 2008 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600). Please reference Tollgrade's Second Quarter 2008 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=49768

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.

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.

DOE Selects Projects for up to $50 Million of Federal Funding to Modernize the Nation’s Electricity Grid
Demonstration Projects Aim at 15 Percent Reduction of U.S. Peak Load Electricity Demand
Washington, DC... Allegheny Power will develop the “West Virginia Super Circuit” in conjunction with West Virginia University (WVU) Research Park, WVU Advanced Power and Electricity Research Center, North Carolina State University, Research and Development Solutions, Augusta Systems, Inc., and Tollgrade Communications.  They will improve distribution system performance, reliability, and security of electric supply through the integration of distributed resources and advanced technologies. (Duration: 5 years; Cost: $5.4 million federal/4 million non-federal)
(excerpt, read the whole release here)

Tollgrade First Quarter 2008 Results Conference Call Scheduled for Thursday, May 1, 2008 at 9:00 am
April 18, 2008 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the first quarter of 2008 on Thursday, May 1, 2008 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600). Please reference Tollgrade's First Quarter 2008 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=47857

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 Annoucnes Key Management Appointments in Sales, Markting 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 A.M. 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 Launches Distribution Grid Monitoring Product Line At Power Industry Event In Tampa January 22 – 24
January 15, 2008 - Tollgrade Communications, Inc. (Nasdaq: TLGD) today announced the launch of a new centralized remote monitoring system, called LightHouse™, as an innovative means for electric power utilities to deploy technology to provide real-time grid intelligence, immediately detect faults, help to minimize the impact of outages and optimize utilization of assets, with a goal to improve overall efficiency of energy delivery.

Tollgrade Promotes Joseph Ferarra 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

8-1-07 – 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

8-1-07 – Tollgrade Communications, Inc. (Nasdaq: TLGD), a leading supplier of network service assurance products for the cable and telecom industries, announced today that Joseph Ferrara, a former Ericsson and Marconi executive, has joined the company as Senior Vice President of Marketing and Sales.

Tollgrade Announces Stock Repurchase Program

7-26-07 – 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

7-18-07 – 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.

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