Exhibit 99.1

For Immediate Release:

CONTACT:

Bob Husted	Ernest Sampias
Director of Investor Relations	Chief Financial Officer
303 440 5330	303 440 5330

SPECTRALINK REPORTS FOURTH QUARTER 2006 FINANCIAL RESULTS

BOULDER, Colo. – Feb. 7, 2007 – SpectraLink Corp. (Nasdaq: SLNK), the leader in workplace wireless telephony, today reported consolidated revenue of $37.5 million for the quarter ended Dec. 31, 2006. This represents a decline of 7 percent compared with consolidated pro forma revenue for the prior-year fourth quarter. Pro forma results assume the acquisition of KIRK telecom A/S occurred on Jan. 1, 2005. The revenue shortfall was primarily attributable to a decline in domestic and international OEM sales.

Gross margin for the fourth quarter was $20.2 million compared to $24.4 million pro forma results for the fourth quarter of 2005. Gross margin for the quarter was 53.8 percent, compared to 60.7 percent for the previous year’s pro forma results.

GAAP net income for the fourth quarter of 2006 was $573 thousand or 3 cents per diluted share compared to pro forma income of $4.9 million or 25 cents pro forma per diluted share for the same period in 2005.

Non-GAAP net income for the fourth quarter of 2006, which excludes amortization of intangibles of $1.5 million, share-based compensation expense of $729 thousand and a KIRK scantel A/S inventory write-off of $304 thousand, was $3.0 million, or 15 cents per diluted share, compared to non-GAAP pro forma income of $4.5 million, or 23 cents per diluted share for the fourth quarter of 2005.

For the year ended Dec. 31, 2006, revenue was $144.8 million with GAAP net loss of $39 thousand or 0 cents per diluted share. For the same period a year ago, pro forma revenue was $137.5 million generating $8.7 million in net income and 45 cents earnings per diluted share.

Calendar year 2006 non-GAAP net income was $8.3 million resulting in 43 cents per diluted share. For the same period in 2005, non-GAAP pro forma earnings were $14.0 million, or 72 cents per

diluted share. Details of the reconciliation between GAAP and non-GAAP earnings are provided in the attached Reconciliation of Non-GAAP Measurement to GAAP financial table.

In a separate announcement, SpectraLink and Polycom, Inc. (NASDAQ: PLCM) today announced a definitive agreement whereby Polycom will acquire Spectralink. See today’s press release titled, “POLYCOM TO ACQUIRE SPECTRALINK CORPORATION FOR APPROXIMATELY $220 MILLION IN CASH” available on www.spectralink.com. This joint release provides details of today’s webcast discussing the announcement.

Non-GAAP Financial Measures

We provide all information required in accordance with GAAP, but believe that it is useful to provide non-GAAP earnings for reasons discussed below. We believe that non-GAAP earnings provide useful information to investors because it allows investors to measure and evaluate our performance without considering charges associated with our acquisition including amortization of intangible assets and the charge for in-process research and development related to the acquisition, and FAS 123R expense. Beginning in the first quarter of 2006, our non-GAAP earnings exclude the effects of FAS 123R, amortization of intangible assets, purchased in-process R&D and an inventory write-off to allow investors to evaluate our current performance in relation to our historical performance. We believe that it is in the best interest of our investors to provide this information to analysts and other users of our financial statements so that they more fully understand the results of our operations.

We use non-GAAP information internally to help our management more accurately assess our performance in the current period and in comparison to prior periods. Our use of non-GAAP earnings is intended to supplement, and not replace, our presentation of net income (loss) and other GAAP measures. Like all non-GAAP measures, non-GAAP earnings are subject to inherent limitations because they do not include all the expenses that must be included under GAAP. We compensate for the inherent limitations of non-GAAP measures by not relying exclusively on non-GAAP measures, but rather by using such information to supplement GAAP financial measures.

About SpectraLink

SpectraLink, the leader in workplace wireless telephony, delivers the power of mobile voice and messaging applications to businesses worldwide. Seamlessly integrating with VoIP and traditional telephony platforms, SpectraLink’s scalable technology provides instant access to people and

business-critical information. SpectraLink handsets free on-premises employees to be more accessible, productive and responsive. For more information, visit www.spectralink.com or call 1 800 676 5465.

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This release contains forward-looking statements that are subject to many risks and uncertainties, including the unpredictable growth in international sales; the inability to close several large orders in the sales pipeline; OEM agreements with SpectraLink that impact margins and may not result in increased future sales of SpectraLink’s products or services; adverse changes in economic and business conditions affecting SpectraLink’s customers; the intensely competitive nature of the wireless communications industry, and a customer preference to buy all telephone communications systems from a single source provider that manufactures and sells PBX or key/hybrid systems; changes in rules and regulations of the FCC; and the anticipated growth of the market for on-premises wireless telephone systems. More information about potential risk factors that could affect our results is available in SpectraLink’s filing with the Securities and Exchange Commission on Form 10-K for the year ended Dec. 31, 2005, and subsequent Form 10-Q filings.

SpectraLink Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands)

(Unaudited)

	December 31, 2006			December 31, 2005
ASSETS
Current Assets:
Cash and cash equivalents	$	15,080		$	16,703
Cash held in escrow for acquisition		—			55,148
Investment in marketable securities		5,639			14,088
Trade accounts receivable, net of allowance of $206 and $343, respectively		26,095			22,574
Net inventories		18,409			8,940
Deferred income taxes		2,041			1,626
Prepaids and other		1,823			1,201
Total current assets		69,087			120,280
Property and equipment, net of accumulated depreciation of $14,321 and $11,110, respectively		14,127			8,422
Intangible assets, net of accumulated amortization of $5,133 and $272, respectively		33,016			318
Goodwill		26,525			—
Other non-current assets		586			1,772
Total assets	$	143,341		$	130,792
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	4,522		$	1,478
Accrued payroll, commissions and employee benefits		6,564			4,500
Other accrued expenses and liabilities		9,989			6,380
Deferred revenue		10,066			7,503
Current portion long-term debt		6,000			15,000
Total current liabilities		37,141			34,861
Long-term debt		7,550			18,050
Long-term deferred tax liabilities		7,930			—
Other long-term liabilities		1,268			900
Total liabilities		53,889			53,811
Commitments and contingencies
Stockholders’ equity:
Preferred stock, 5,000 shares authorized, none issued and outstanding		—			—
Common stock, $0.01 par value, 50,000 shares authorized, 24,249 and 23,838 shares issued, respectively, and 19,517 and 19,106 shares outstanding, respectively		242			238
Additional paid-in capital		88,191			81,751
Retained earnings		32,344			32,383
Other comprehensive income		6,066			—
Treasury stock, 4,732 shares, at cost		(37,391	)		(37,391	)
Total stockholders’ equity		89,452			76,981
Total liabilities and stockholders’ equity	$	143,341		$	130,792

SpectraLink Corporation and Subsidiary

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

	Three Months Ended December 31,									Twelve Months Ended December 31,
	2006 Actual			2005 Pro forma(1)			2005 Actual			2006 Actual			2005 Pro forma(1)			2005 Actual
Sales:
Product sales	$	29,557		$	33,463		$	23,788		$	114,201		$	113,868		$	74,812
Service sales		7,956			6,843			6,525			30,571			23,671			22,962
Net sales		37,513			40,306			30,313			144,772			137,539			97,774
Cost of sales:
Cost of product sales		13,276			12,360			7,472			48,022			42,320			22,107
Cost of services sales		4,073			3,498			3,443			15,609			12,263			12,166
Total cost of sales		17,349			15,858			10,915			63,631			54,583			34,273
Gross margin		20,164			24,448			19,398			81,141			82,956			63,501
Operating expenses:
Research and development		4,127			5,065			3,631			20,527			16,359			11,279
Marketing and selling		8,711			9,539			8,035			35,249			32,177			27,272
General and administrative		3,894			2,878			1,989			15,174			10,911			6,772
Acquired in-process research and development		—			—			—			2,021			2,021			—
Amortization of intangible assets		1,478			1,117			29			4,863			4,466			83
Total operating expenses		18,210			18,599			13,684			77,834			65,934			45,406
Income from operations:		1,954			5,849			5,714			3,307			17,022			18,095
Other (expense) income, net
Interest (expense) income, net		(224	)		(490	)		228			(1,468	)		(1,701	)		1,359
Other (expense) income, net		(32	)		(115	)		(226	)		56			(146	)		(369	)
Total other (expense) income, net		(256	)		(605	)		2			(1,412	)		(1,847	)		990
Income before income taxes		1,698			5,244			5,716			1,895			15,175			19,085
Income tax expense		(1,125	)		(374	)		(2,115	)		(1,934	)		(6,434	)		(7,061	)
Net income (loss)	$	573		$	4,870		$	3,601		$	(39	)	$	8,741		$	12,024
Basic earnings (loss) per share	$	0.03		$	0.26		$	0.19		$	—		$	0.46		$	0.63
Basic weighted average shares outstanding		19,440			19,030			19,030			19,370			19,061			19,061
Diluted earnings (loss) per share	$	0.03		$	0.25		$	0.19		$	—		$	0.45		$	0.62
Diluted weighted average shares		19,570			19,320			19,320			19,370			19,370			19,370

(1) Our pro forma results assume the acquisition of KIRK telecom occurred on Jan. 1, 2005.

SpectraLink Corporation and Subsidiary

Condensed Non-GAAP Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

	Three Months Ended December 31,						Twelve Months ended December 31,
	2006 (Actual)			2005 (Pro forma)(1)			2006 (Actual)			2005 (Pro forma)(1)
Sales:
Product sales	$	29,557		$	33,463		$	114,201		$	113,868
Service sales		7,956			6,843			30,571			23,671
Net sales		37,513			40,306			144,772			137,539
Cost of sales:
Cost of product sales		12,917			12,360			47,549			42,320
Cost of services sales		4,073			3,498			15,609			12,263
Total cost of sales		16,990			15,858			63,158			54,583
Gross margin		20,523			24,448			81,614			82,956
Operating expenses:
Research and development		3,993			5,065			19,781			16,359
Marketing and selling		8,568			9,539			34,736			32,177
General and administrative		3,497			2,878			13,287			10,911
Acquired in-process research and development		—			—			—			—
Amortization of intangible assets		—			—			—			—
Total operating expenses		16,058			17,482			67,804			59,447
Income from operations:		4,465			6,966			13,810			23,509
Other (expense) income, net
Interest (expense) income, net		(224	)		(490	)		(1,468	)		(1,701	)
Other (expense) income, net		(32	)		(115	)		56			(146	)
Total other (expense) income, net		(256	)		(605	)		(1,412	)		(1,847	)
Non-GAAP earnings before income taxes		4,209			6,361			12,398			21,662
Income tax expense		(1,243	)		(1,853	)		(4,052	)		(7,690	)
Non-GAAP earnings after taxes	$	2,966		$	4,508		$	8,346		$	13,972
Non-GAAP earnings per share—basic	$	0.15		$	0.24		$	0.43		$	0.73
Basic weighted average shares outstanding		19,440			19,030			19,370			19,061
Non-GAAP earnings per share—diluted	$	0.15		$	0.23		$	0.43		$	0.72
Diluted weighted average shares		19,570			19,320			19,480			19,370

(1) Our pro forma results assume the acquisition of KIRK telecom occurred on Jan. 1, 2005.

SpectraLink Corporation and Subsidiaries

Reconciliation of Non-GAAP Measurement to GAAP

(In thousands, except per share amounts)

(Unaudited)

	Three months ended December 31,						Twelve months ended December 31,
	2006			2005			2006			2005
	(Actual)			(Pro forma)(1)			(Actual)			(Pro forma)(1)
GAAP income before income taxes	$	1,698		$	5,244		$	1,895		$	15,175
Adjustments:
Acquired in-process research and development		—			—			2,021			2,021
Amortization of intangible assets		1,478			1,117			4,863			4,466
Share-based compensation expense		729			—			3,315			—
Scantel inventory write-off		304			—			304			—
Non-GAAP earnings before income taxes		4,209			6,361			12,398			21,662
Tax expense		(1,243	)		(1,853	)		(4,052	)		(7,690	)
Non-GAAP earnings after taxes	$	2,966		$	4,508		$	8,346		$	13,972
Non-GAAP earnings after taxes per share – diluted	$	0.15		$	0.23		$	0.43		$	0.72
Weighted average shares outstanding – diluted		19,570			19,320			19,480			19,370

(1) Our pro forma results assume the acquisition of KIRK telecom occurred on Jan. 1, 2005.

	Three Months Ended December 31,						Twelve Months ended December 31,
	2006			2005			2006			2005
	(Actual)			(Pro forma)(1)			(Actual)			(Pro forma)(1)
Non-GAAP Adjustments:
Cost of sales:
FAS 123R stock based compensation	$	55		$	—		$	169		$	—
Operating expenses:
Research and development
FAS 123R stock based compensation		134			—			746			—
Marketing and selling
FAS 123R stock based compensation		143			—			513			—
General and administrative
FAS 123R stock based compensation		397			—			1,887			—
Write-off Scantel inventory		304			—			304			—
Acquired in-process research and development		—			—			2,021			2,021
Amortization of intangible assets		1,478			1,117			4,863			4,466
Total non-GAAP adjustments		2,511			1,117			10,503			6,487
Income tax impact of non-GAAP adjustments		(118	)		(1,479	)		(2,118	)		(1,256	)
After-tax impact of non-GAAP adjustments	$	2,393		$	(362	)	$	8,385		$	5,231

(1) Our pro forma results assume the acquisition of KIRK telecom occurred on Jan. 1, 2005.

Use of Non-GAAP Financial Information

To supplement our consolidated financial statements presented on a GAAP basis, SpectraLink uses non-GAAP measures of operating results, net income (loss) and earnings (loss) per share, which are adjusted to exclude certain costs, expenses, gains and losses we believe appropriate to enhance an overall understanding of our past financial performance and also our prospects for the future. These adjustments to our GAAP results are made with the intent of providing investors and other interested parties a more complete understanding of SpectraLink’s underlying operational results and trends and our marketplace performance. For example, the non-GAAP results are an indication of our baseline performance before gains, losses or other charges that are considered by management to be outside of our core operating results and are excluded by management for purposes of internal budgets and making operational decisions. In addition, these adjusted non-GAAP results are among the primary indicators management uses as a basis for our planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income or diluted earnings per share prepared in accordance with generally accepted accounting principles in the United States.