8-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) – April 30, 2003

TOLLGRADE COMMUNICATIONS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Pennsylvania	000-27312	25-1537134
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

493 Nixon Road
Cheswick, Pennsylvania 15024
(Address of Principal Executive Offices)               (Zip code)

Registrant’s telephone number, including area code — (412) 820-1400

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

Exhibit
Number	Description
99.1	Information furnished pursuant to Regulation FD
	(17 CFR 243.100 — 243.103)

ITEM 9. REGULATION FD DISCLOSURE

The Registrant elects to disclose under this Item 9 pursuant to Regulation FD (17 CFR 243.100 — 243.103) the information contained in Exhibit 99.1 furnished herewith, which information is incorporated in this Item 9 by reference. Such information shall not be deemed to be filed hereunder for purposes of liability under the Securities Exchange Act of 1934 or for purposes of incorporation by reference in any registration statement filed by the Registrant under the Securities Act of 1933.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TOLLGRADE COMMUNICATIONS, INC.
Date:    April 30, 2003	By:    /s/Christian L. Allison
		Christian L. Allison    Chief Executive Officer

EXHIBIT INDEX
(Pursuant to Item 601 of Regulation S-K)

Exhibit
Number	Description and Method of Filing
99.1	Information furnished pursuant to Regulation FD, filed herewith.

EX-99.1 3 j0063201exv99w1.htm EXHIBIT 99.1

Shareholder Update

Tough Times for Telecom "Prosperity is not without many fears and distastes; and adversity is not without comforts and hopes." Sir Francis Bacon

We've Been Working Hard Maintained profitability Generated operating cash Solidified market positions Won new business Focused R&D for the future

What We Do

Our Telco Solutions

Our Cable Solutions NetMentor(tm)

Sales and E.P.S. 2001 2002 SALES 82.2 58.6 $58.6 MILLION $82.2 MILLION E.P.S. $0.25 E.P.S. $1.02

In 2002 We maintained a gross profit of 56.3% We put 5.7% of revenue to the bottom line We right-sized our business We reduced our quarterly breakeven point, eliminating approximately $3.6M in annual expenses We generated $17.6M in cash from operations

Line Loss

Market Capitalization IPO 12/14/95 YE 12/31/02 East 65.3 159 $159 MILLION $65.3 MILLION

New DSL Business

DigiTest(r)

International and Independent Sales

Research & Development

Into 2003

Thank You Questions/Comments

EX-99.1

Exhibit 99.1 Information Furnished Purs to Reg FD