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To: Maya who wrote (45240)	9/23/1999 1:55:00 PM
From: Black-Scholes	Respond to of 50808

Issued by GALT last night at 7:30 E.T.. I guess GALT KNOWS their chips weren't in "the oven" when the quake hit. Almost 100% of GALTS chips come from TSM. 9/22/99 - Galileo Technology Ltd. Expects No Q3 Impact From Taiwan Earthquake SAN JOSE, Calif., Sep 22, 1999 (BUSINESS WIRE) -- Galileo Technology Ltd. (Nasdaq:GALT) today stated that based on initial information that it has obtained from Taiwan Semiconductor Manufacturing Company (TSMC) and ASE Test, Inc., it does not expect Monday's earthquake in Taiwan to have any impact on its revenue or earnings for the quarter ending September 30, 1999. George Hervey, Galileo Technology CFO, stated, "We have already received from our suppliers all of the products necessary to meet our revenue and earnings goals for Q3. In addition over the last several months, in response to strong customer demand for our products and longer leadtimes from TSMC we have increased our work in process and on hand inventory levels which provides us with sufficient availability entering Q4." > About Galileo Technology Ltd. Galileo Technology Ltd., a market leader in complex data communications systems on silicon, is one of the semiconductor industry's fastest growing suppliers of complex, high performance, integrated circuit devices. Galileo's products include single-chip Ethernet switches, high-performance system controllers for RISC processors and WAN coprocessors. Galileo's products form the heart of many advanced data communications systems built by leading OEMs, such as Cisco Systems, D-Link, Hewlett Packard, Intel, Lucent Technologies, Nbase Communications and Nortel Networks. Galileo employs more than 230 people worldwide with business headquarters in San Jose, Calif. and R&D headquarters in Manof, Israel. Any forward-looking statements contained in this document reflect management's current intentions and expectations. Actual future results could vary materially depending on certain risks and uncertainties, including dependence on new product development, customer acceptance and competition and other risk factors listed in the company's most recent report on form 20-F on file with the SEC. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Galileo Technology George A. Hervey, 408/367-1400 x228 galileot.com