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Technology Stocks : Silicom Ltd (SILCF)

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From: JakeStraw	11/16/2009 8:49:53 AM
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Security Market Giant Ramps up Its Business with Silicom: Becomes Million-Dollar-a-Year Customer for Silicom's 10GB Fiber Adapter finance.yahoo.com Monday November 16, 2009 KFAR SAVA, Israel--(BUSINESS WIRE)--Silicom Ltd. (NASDAQ:SILCs)(TASE:SILC) today announced that an existing client, a dominant player in the global security industry, has ramped up its orders significantly over the past few months, reaching a rate of approximately one million dollars on an annualized basis. The increase in orders is due primarily to the customer’s selection of a customized version of Silicom’s high-performance 10 gigabit, fiber network interface card as its standard 10 Gigabit connectivity solution for its new firewall appliance. “The dramatic scale-up of our business with this market giant - especially through its selection of products in the 10 gigabit line - and its transformation into a million dollar customer is a milestone achievement with significant strategic as well as financial importance for our Company,” commented Shaike Orbach, Silicom’s President and CEO. “The financial significance is obvious – it boosts our current sales while giving us the potential for even more significant growth in the future. From a strategic point of view, the large-scale adoption of our 10 Gigabit product by such a high-profile market player confirms the 10Gbp opportunity, giving us incentive to focus on these advanced, high-margin product lines as a potential growth driver.”

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