Metalink Listed in the Fabless Semiconductor Association's BAS/FSA Fabless Stock Index; Metalink Positioned as Leader in the Fabless Semiconductor Industry
TEL AVIV, Israel, Jan 25, 2000 (BUSINESS WIRE) -- Metalink Ltd. (Nasdaq:MTLK), a fabless semiconductor company and leading manufacturer of high performance, symmetric digital subscriber line (DSL) chip sets, announced today its inclusion in the BAS/FSA Fabless Stock Index (FABLS).
Launched jointly by Banc America Securities (BAS) and the Fabless Semiconductor Association (FSA), FABLS monitors the stock movements of publicly traded fabless semiconductor companies with market capitalization's greater than $100 million. This composite captures the dynamic growth of an emerging breed of semiconductor company, one that leverages its own design skills while outsourcing its manufacturing.
"Metalink is a great addition to the BAS/FSA Fabless Stock Index which -- at a year-to-date growth of 235 percent -- continues to prove that fabless is the best performing and fastest growing segment in the semiconductor industry," said Debbie Scoggin, vice president of marketing, FSA. "Furthermore, Metalink represents the hot communications market, comprising a large segment of fabless companies today."
On May 15, 1998, FABLS was set with a benchmark value of 100 and is maintained real-time by Bridge Information Systems. The Index is price-weighted and represents the purchase of equal share amounts of each listed company (i.e. 100 shares of stock); therefore, it reflects equal price movements in the stocks, without regard for market capitalization.
"We are pleased to be a part of the BAS/FSA Fabless Stock Index and consider this an exciting milestone for Metalink," stated J. Francois Crepin, president, Metalink. "Being recognized for our stock's performance, while becoming more involved with the growing fabless community, gives us the opportunity to work with an increasing network of partners to facilitate the exchange of information and commerce within our market space."
FABLS can be viewed through the FSA's Web site at www.fsa.org.
About Metalink, Ltd.: Metalink Ltd., a fabless semiconductor company, develops and markets high performance DSL chip sets used by telecommunications equipment makers. Metalink is a pure-play Digital Subscriber Line (DSL) leader providing network equipment vendors with DSL-based chipsets that solve network bandwidth access bottlenecks cost effectively. The company's top level algorithmic designers along with its leadership in U.S. and European Telecommunications Standards bodies, has helped establish Metalink as a leader in the field of high-end, pure-play DSL technology. Metalink's headquarters is located at 24 Habarzel Street, Ramat Hachayal, Tel Aviv, 69710 Israel, Tel: 972-3-645-4333, Fax: 972-3-648-8022. Metalink's U.S. headquarters and mixed-signal design center is located at 2941 Sunrise Blvd., Suite 120, Rancho Cordova, CA 95742 Tel: 916/636-9480, Fax: 916/636-9485. For more information please visit Metalink's Web site at www.metalink.co.il.
About the FSA: The Fabless Semiconductor Association (FSA) is an industry organization with a singular goal: to establish fabless as a key business model in the semiconductor industry. The FSA was founded in 1994 by industry leaders looking to achieve an optimal balance between wafer demand and capacity for fabless companies. Since then, the FSA's mission has been clear: to support the fabless business model by encouraging an ongoing, symbiotic relationship between fabless semiconductor companies and suppliers. The FSA can be reached on the World Wide Web at www.fsa.org.
This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements are set forth from time to time in Metalink's filings with the Securities and Exchange Commission, including Metalink's Form F-1.
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