July 30, 2014 4:47 PM ET

Communications Equipment

Company Overview of Turnstone Systems Inc.

Company Overview

Turnstone Systems, Inc. operates under the plan of dissolution and liquidation adopted in August 2003. Previously, the company provided hardware and software products for the deployment and maintenance of copper local loop services to local exchange carriers. Turnstone Systems was founded in 1998 and is headquartered in San Francisco, California.

548 Market Street

Suite 26575

San Francisco, CA 94104

United States

Founded in 1998

Phone:

408-907-1400

Key Executives for Turnstone Systems Inc.

Chief Executive Officer
Age: 41
Compensation as of Fiscal Year 2014.

Turnstone Systems Inc. Key Developments

SEC Revokes Registration Of Registered Securities Of Turnstone Systems

An Administrative Law Judge has issued an Initial Decision of Default as to Turnstone Systems, Inc. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against Turnstone Systems, Inc. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Turnstone Systems, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Steelcase Store and Turnstone Introduce 3D Office Design Tool

Steelcase Store and Turnstone unveilonline tool for planning and designing workspaces in 3D using the Unity gaming platform. The tool, which turns small business owners, office managers and home office users into interior designers, provides users with the ability to create, customize and optimize a simple workspace before spending a dime. Additional features of the online tool include: intricate and dynamic 3D models are brought to life; workers can create real-time social interaction and sharing via Facebook, Twitter or email, enabling shared creativity and co-creation; workplaces can be planned in 2D or 3D, measured in both metric and standard units; workers choose a room layout, drag-and-drop Steelcase(R) or Turnstone(R) furniture and choose the colors; and a simple click enables workers to purchase the entire drawing.

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