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Local News - Local News - November 26, 2009
Much-smaller Telect sees reason for optimism in telecom
Liberty Lake company says sales are edging up, to stay conservative on hiring

By Paul Read
Of the Journal of Business

Telect CEO Wayne Williams says the market for equipment for the telecommunications industry has stabilized, and that industry growth should be
Telect CEO Wayne Williams says the market for equipment for the telecommunications industry has stabilized, and that industry growth should be "relatively flat to up."
—Staff photo by Paul Read
No longer the shining star of high-tech manufacturing here, Liberty Lake-based Telect Inc. has settled into a new role as a scrappy fighter in the rough-and-tumble telecommunications equipment industry, and that appears to suit CEO Wayne Williams just fine.

The company, which employed roughly 2,300 at its peak in 2000, just before the dot-com bust, today employs just 430 people worldwide, and that number is down by about 300 from two years ago. Meanwhile, sales have inched up each...


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