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Technology Stocks : Silicom Ltd (SILCF) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Nizam who wrote (20)	12/9/1999 1:28:00 PM
From: Return to Sender	Respond to of 120

Profitable Linux and wireless stock! Silicom Reports First Nine Months and Third Quarter 1999 Operating Results KFAR-SAVA, Israel--(BUSINESS WIRE)--Oct. 28th, 1999--Silicom Ltd. (NASDAQ: SILCF - news) today reported that first nine months 1999 revenues increased by 5 percent to US$4.41 million from US$4.20 million during the first nine months of 1998. Net income for the first nine months of 1999 increased to US$ 435,000 or 11 cents per share compared to US$ 108,000 or 3 cents per share for the comparable period last year. Revenues for the third quarter of 1999 were US$ 1.22 million, compared to US$ 1.45 million in the third quarter of 1998. Net income in the third quarter of 1999 was US$ 46,000, or 1 cent per share, compared to US$ 6,000, or no cent per share, for the comparable period last year. During the third quarter of 1999 the company shipped evaluation units of its new family of broad-band Internet access and home networking products to potential worldwide OEM customers. Last week the company announced that a leading European manufacturer of mobile networking products placed a first 2,000 units order for the Silicom USB Ethernet adapter (U2E). ''Broad-band Internet access and Home networking are very exiting markets for Silicom'', said Avi Eizenman, president and CEO of Silicom. ''We are very encouraged to receive this purchase order from a high potential OEM customer so early after announcing our new So Easy product line''. ''Our cash reserves as of September 30, 1999 amount to US$ 6.7 million compared to US$ 5.7 million at December 31, 1998'', added Ilan Erez, VP Finance and CFO of Silicom. ''Silicom plans to use these growing cash reserves to fulfill its strategic plan to become a leading supplier of home networking and broad band Internet access technology and Intellectual Property (IP). For that purpose Silicom is now developing a new USB to Ethernet / HPNA controller IC and unique software drivers for enhanced operating systems support at a lower product cost.'' Silicom Ltd. is a leading provider of high performance connectivity solutions. The Company offers a broad line of single and multi-function USB, PC Card and CardBus products with support for Home networking, Fast Ethernet, Ethernet, Token Ring, 56Kbps modem, USB and RS-232. Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control, which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission. biz.yahoo.com