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Technology Stocks : Silicom Ltd (SILCF)

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From: JakeStraw	1/22/2009 8:58:44 AM
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Milestone Order for Silicom: Mainstream Sale to Tier-1 Server Manufacturer finance.yahoo.com Thursday January 22, 2009, 6:34 am EST KFAR SAVA, Israel--(BUSINESS WIRE)--Silicom Ltd. (NASDAQ:SILC) (TASE:SILC) today announced that one of the world’s three largest server manufacturers has placed a $1.1 million order for Silicom’s Multiport Gigabit Ethernet Server Adapters for use in a specific project. In accordance with the customer’s requirements, the adapters have been customized to fit the specific implementation environment, and are scheduled to be delivered during the next two months. “We are extremely proud and pleased to have been selected by this Tier-1 manufacturer, and believe that the order’s long-term strategic importance for Silicom extends far beyond its financial contribution,” commented Shaike Orbach, Silicom’s President and CEO. “Before making its choice, the customer carried out comprehensive financial and technological due diligence. We believe the fact that we ‘passed’ on all fronts represents a strong third-party confirmation of our business platform and our capabilities.

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