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dubi,
I think its so cool you are able to respond, seems, simultaneously. smile.
ddbl
Thanks for your kind words Ddbl,
While i can perfectly understand your 'stomach-problems'
in regards RDVWF, i do not think selling CTCH in order
to buy SILC is a good idea.
Mind you, i myself hold them both, and imho CTCH will
outpace SILC in 6 months by far.
Short term though, SILC is an attractive buy and adding
point.
As always, my best of estimate and opinion, however, i
have been wrong in the past a few times.
:(
I'll certainly watch ACSEF.
Warm regards from Jaffa,
Dubi
good morning here, dubi. Up drinking coffee, everyone asleep and work on the horizon....
No, can't stomache Radview, yet. Terrible financing news, mjo, but they don't regard us as a viable concern. 3 and 4 pennies! I will be watching.
I noticed, from Ihub 2 people came up with RITT, bought in and labeled it a "no brainer"...hardly. The chart is horrible. Think I'll wait a tad longer here too.
http://www.investorshub.com/boards/read_msg.asp?message_id=9387778
http://www.investorshub.com/boards/read_msg.asp?message_id=9388068
http://stockcharts.com/def/servlet/SC.web?c=ritt,uu[h,a]daclyyay[dc][ph.02,.20!d20,2][vc60][iUc20!La...
I just may sell my CTCH today and get more SILC. S/B blockbuster rev growth and maybe a split or special dividend to reward sh hldrs...think?
watch for ACSEF to retrace some recent gains..I want in again in the low 4's
later dubi,
God love ya,
ddbl
Ddbl,
I work double shifts, due to TASE & US markets
not being parallelly operational.
:(
Btw was it you buying into RDVWF ?
Regards,
Dubi
P.S. Yaniv has not surfaced yet, i wonder why ?
dubi, I was just going to post this...gosh, you're quick!
I am still digesting the news (offering), not as astute as some, but I try harder. Don't seem as dilutive as before, or at least "the way I felt", before.
...Any excersise of options in the future (2008), would add additional proceeds to the company. Cool/
don't forget 40% insiders here. they're not selling and their shares are not included in the offering.
I'll split a "unit" with ya, no?
seems US sharehlds, will benifit. imjo,
jolly opinion,
ddbl
Silicom Completes Public Dutch Auction of Shares & Option Certificates (Series 1) in Israel
1/25/2006 8:46:01 AM
KFAR SAVA, Israel, Jan 25, 2006 (BUSINESS WIRE) -- Silicom Ltd. (NASDAQ and TASE: SILC) today announced that it has completed a public Dutch auction in connection with an oversubscribed underwritten offering of Ordinary Shares ("Shares") and Option Certificates (Series 1) ("Option Certificates") in Israel.
As such, Silicom will issue a total of 10,000 units at a price of NIS 2771.20 (approximately $600) per unit, with each unit comprising 80 Shares and 40 Option Certificates. Each Option Certificate will be exercisable into one Share until January 31, 2008 at an exercise price of $8.63 per Share. Silicom expects to list the Shares and Option Certificates on the Tel Aviv Stock Exchange during the next few days.
Net proceeds to the Company from the offering are expected to total approximately $6 million at the time of the sale, and any exercise of Option Certificates in the future would contribute additional proceeds to the Company.
Neither the Shares, Option Certificates nor the Shares issuable upon exercise of the Option Certificates have been registered under the U.S. Securities Act of 1933, as amended. They may not be offered or sold to U.S. Persons or in the United States absent registration or an applicable exemption from registration requirements.
About Silicom
Silicom Ltd. is an industry-leading provider of high-performance network connectivity solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet server adapters and innovative BYPASS adapters designed to increase throughput and availability of security appliances and other mission-critical gateway applications. Silicom also offers a broad range of customizable PC Cards, PCI cards and USB products. For more information, please visit: www.silicom.co.il.
All brands, names, or trademarks mentioned in this document are the property of their respective owners.
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. The Company disclaims any duty to update such statements.
SOURCE: Silicom Ltd.
Dubi
dubi, help me understand..
this would seem dilutive to shareholders, no?
I understand it is only in Israel and insider shares are not on the block. But, I cannot place the corralation, as to good/bad or referenced to it never happening at all. Maybe we spike higher in the US, if the public grab up shares, i.e demand? Please keep your eye on this for me. as always, peace to you,
ddbl
silicom definately is stepping up big time. I am in awe, most of the time of the resiliance of SP. And happy too, generally.
O/T,
Vatican City using Israeli telecoms technology
17.1.06 | 11:33 By TheMarker
The Telephone Service of the Vatican State has deployed Israeli technology made by RAD Data Communications.
The service, which handles the study, installation and management of telecommunications infrastructure in Vatican City, Rome, chose to deploy a series of Ethernet access solutions from RAD Data Communications, which makes access solutions and network transitions for service providers and enterprises.
"The devices have more than satisfied our requirements," reported an official of the Vatican Telephone Service. "They have demonstrated a high degree of reliability, and the configuration parameters indicate maximum flexibility and functionality."
RAD's ETX-102 and ETX-202 Ethernet media converters, its Egate-20 channelized Ethernet gateway and RICi-E1 intelligent converter are being used to transport Ethernet service over the Holy See's fiber optic telecommunications network.
Although the Vatican did not disclose the precise nature of their application, the RAD products that are deployed are typically used for purposes of service termination and demarcation.
This allows the operator to maintain a distinct separation of traffic from different customers and offer services such as interoffice LAN connectivity, Internet access and virtual private networks (VPNs).
This approach extends the service provider's reach over fiber while facilitating management of differentiated services up to the customer premises.
The RAD products were supplied and integrated by C.I.E. Telematica, RAD's authorized distributor in Italy.
http://www.haaretz.com/hasen/spages/671428.html
Dubi
Thanks ddbl,
SILC now at 3868 points +2.17%.Will end higher imho.
I suggest you take a good look at GILTF, especially
now #msg-9275300.
Have not yet heard of Yaniv yet.
Regards,
Dubi
yer a GEM, dubi. Nice post, sir. EM
Silicom wraps up institutional phase of TASE offering
17.1.06 | 09:55 By Nathan Sheva
Silicom (Nasdaq, TASE: SILC) yesterday wrapped up an NIS 18 million offering to institutional investors, three weeks after dual-listing its stock in Tel Aviv.
The company, which belongs to the Tel Aviv-based RAD hi-tech group, means to raise a total of NIS 27 million through selling shares and options.
Clal Finance Batucha handled the offering together with Excellence-Nessuah Underwriting and Meitav Underwriting.
Silicom offered institutional investors three types of bundled shares and options. The winner was the first type, which was not the most lucrative for the company. Investors received a package with shares sold at an 8% discount to their market price and free options at a ratio of 2:1 - one option per two shares.
Orders for this bundle type exceeded 30% of demand.
The offering to the general public will apparently take place next week.
Silicom, which develops communications cards, did very well in 2005 after entering agreements with several of the world's biggest hardware and information security providers. Its stock rose more than 200% in 2005, though it dived 10% this year.
For the first nine months of 2005 it reported a 160% increase in revenues to $7.8 million, and a net profit of $849,000 or 20 cents per share, after losing $1.2 million in the same period of 2004.
http://www.haaretz.com/hasen/spages/671406.html
Dubi
nice move today :)
I see the next leg up ~ 8.50 ish
http://stockcharts.com/def/servlet/SC.web?c=silc,uu[h,a]daclyyay[db][ph.02,.20!d20,2][vc60][iUc20!La...
good day all,
ddbl
OT: I missed out on the Silicom run but here is another Israel company with major news today. CRNT; IHUB Board; http://investorshub.com/boards/board.asp?board_id=4995
Ceragon Networks Ltd.
24 Raoul Wallenberg Street
Tel Aviv, 69719
Fax: 972 3 645 5499
Web Site: http://www.ceragon.com
Shares Outstanding: 26.29M
Float: 20,532,490
% Held by Insiders4: N/A
% Held by Institutions4: 21.50%
Total Cash (mrq): 18.52M
Total Cash Per Share (mrq): 0.704
==========================
Ceragon Networks, Ltd. engages in the development, manufacture, and marketing of broadband wireless network equipment for cellular operators, fixed operators, and private networks and enterprises, such as universities, financial institutions, corporate campuses, governments, and hospitals. Its product consists of a compact antenna, an outdoor unit, an indoor unit, and a simple network management protocol-based proprietary network management software. The company sells its products through distributors, resellers, third party integrators, and original equipment manufacturers in the United States, Europe, Asia, and other countries. Ceragon Networks was founded by Shraga Katz in 1996. It was formerly known as Giganet, Ltd. and changed its name to Ceragon Networks, Ltd. in 2000. The company is headquartered in Tel Aviv, Israel.
Hi ddbl,
The rule of the thumb is of course is short term negative
impact.
However there are exceptions to the rule, especially when
there is need of better liquidity of stock.
All in all SILC is on right tracks, so no need to worry.
Regards,
Dubi
good/bad/indifferent? Me thinks, bad short term. Placement means dilution, no? Does this support my position of a 3:2 forward spit sometime this year? Hmmmm. I appreciate any clarification, here, midas.
as always,
ddbl
Silicom Files Draft Prospectus for Public Offering on the TASE
1/3/2006 12:12:01 PM
KFAR SAVA, Israel, Jan 03, 2006 (BUSINESS WIRE) -- Silicom Ltd. (SILCF)(SILCF) today announced that it has filed a draft prospectus with the Israeli Securities Authority and the Tel Aviv Stock Exchange in connection with a possible underwritten offering to the public in Israel either of Ordinary Shares or of a combination of Ordinary Shares and options convertible into Ordinary Shares. The offering would be made by Silicom only, and not by any selling shareholder. If the offering is completed, Silicom currently intends to raise up to a maximum amount of approximately $10 million from the offering, depending on market conditions. No final decision on an offering has been made and any offering is subject to the final approval of Silicom's Board of Directors and to the publishing of a final prospectus with the approval of the Israeli Securities Authority.
The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available.
Silicom Ltd. is an industry-leading provider of high-performance network connectivity solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet server adapters and innovative BYPASS adapters designed to increase throughput and availability of security appliances and other mission-critical gateway applications. Silicom also offers a broad range of customizable PC Cards, PCI cards and USB products. For more information, please visit: www.silicom.co.il.
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. The Company disclaims any duty to update such statements.
SOURCE: Silicom Ltd
Dubi
Oooops,
Silicom Announces Nasdaq Ticker Symbol Change to ''SILC''
1/3/2006 5:37:01 AM
KFAR SAVA, Israel, Jan 03, 2006 (BUSINESS WIRE) -- Silicom Ltd. (SILCF) announced today that the ticker symbol on Nasdaq for the Company's ordinary shares will be changed from SILCF to SILC effective today at the opening of trade. As such, the Company's shares will commence trading under the new SILC ticker symbol today, Tuesday, January 3rd, at 9:30 AM.
Silicom Ltd. is an industry-leading provider of high-performance network connectivity solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet server adapters and innovative BYPASS adapters designed to increase throughput and availability of security appliances and other mission-critical gateway applications. Silicom also offers a broad range of customizable PC Cards, PCI cards and USB products. For more information, please visit: www.silicom.co.il.
Regards,
Dubi
Hi ddbl,
No symbol change, still good ol' SILCF.
It is already traded in TASE, now at
40.40 NIS, up 0.4%
Btw, You can request Yahoo establish a board,
although it takes 2 months minimum, plus a lot
of nagging.
I have done so for OTIV, now am nagging them
for a SFUN board.
Regards,
Dubi
thanx, dubi man. IS there a symbol change?
SILC is what Yahoo has. No board either.
:(
TIA, ddbl
Check out New Year Wishes
http://llerrah.com/newyearwishes.htm
Regards,
Dubi
Silicom,
now, we'll have to fill the gap at 8, in my view.
however, we have more than ddbl'ed in 8 weeks! Trading has become predictable. Earnings, not TA, will carry us forward. Thats why the RSI showing overbought, doesn't worry me. At 8, we move out of that category. I thought 8 would be a good closing for the year, from around 2.75!
That's around 290%
and we ended the year at 8.64!!
I look forward to another coonsecutive qtr of revenue growth, and I trust mngmt to continue the earnings parade.
I predict a 3:2 sometime spring - summer, just my view, don't get all worked up or overly excited either :)
A PE of 40, would mean a sp of around 9.50 in Feb
http://stockcharts.com/def/servlet/SC.web?c=SILCF,uu[h,a]waclyyay[dd][pd6,2!h.045,.20][vc60][iUb14!L...
GLTA here
and thosse not here..I'll C/P a version on the I hub for Israeli stocker pickers!
Happy New year, too!
ddbl
The companys'addition to TASE will certainly
boost liquidity and of course stimulate interest
and 'blind money' due into it, as will be included
in several indexes.
Regards,
Dubi
new support 8.50 Zohars' shares are gone, imo. We move higher.
See the last time the (+)ADX crossed. Yummy...
http://stockcharts.com/def/servlet/SC.web?c=silcf,uu[h,a]daclyyay[db][pc13!d20,2][vc60][iUl14!La12,2...
GLTA,
ddbl
OT: board, I am having a rough time getting DD on this company. Wondering if I am wasting mt time or what? Can't post on the Israeli board, so I'll ask here :)
HCTL
http://www.hctech.com/
they were delistd once, had a huge gain recently, from sale.
but, great partners. I don't get it and I want some shares at these prices...
thoughts?
now go spend some $ ~ Happy Channuka all here and those not here.
ddbl
dubi-man, incredible run. my 3rd year and running. Me thinks Portfolio mgrs want to show they own it, on their books bye years end. Well, maybe...
Also the Israeli TASE listing helped. I thought we'd get resistance at 5.5 and we zoomed thru that. Next resistance, for me anyway, was/is 7.25...don't blink!
click that chart again, on post7 or 8, I forget. It'll spark ya. GLTY, ddbl
Silicom to dual-list in Tel Aviv after 200% leap in share price this year
22.12.05 | 15:26 By Omri Cohen
Silicom (Nasdaq: SILCF) stock has risen 200% this year, lifting the company's market capitalization to $32 million at full dilution. Now the small company from Givat Shmuel is taking the step of dual-listing on the Tel Aviv Stock Exchange.
The company, which specializes in developing communication gateways, had an excellent year, signing agreements with some of the world's biggest manufacturers of data security hardware and software.
For the first nine months of 2005 Silicom reported a 160% leap in revenues year over year to $7.8 million and a net profit of $849,000, or 20 cents per share. In the parallel period it had lost $1.2 million.
The company does not release the names of its clients, generally, but market sources believe the list includes Nokia, HP, Check Point Software Technologies (NASDAQ: CHKP) and Juniper. Silicom belongs to Yehuda and Zohar Zisapel's group of companies.
On December 12, Silicom announced that a typically unnamed repeat "tier-1 security industry customer" ordered Multiport Gigabit Ethernet adapters for a different line of its security appliances. Silicom says the deal should reach $2 million over a year. Earlier in the year Silicom was awarded a design win from the customer.
http://www.haaretz.com/hasen/spages/661347.html
Dubi
SILCF is indeed one of my major misses.
Back in 2002 i had lots of it at a few
cents each.
:(
GLTY,
Dubi
IMO, if the BB's narrow into the new year, or in other words, if we build our base in the 7.10 - 7.40'ish range, watch out. We will rocket to 9'ish, then build a new base :)>
dancin' in the streets,
ddbl
http://stockcharts.com/def/servlet/SC.web?c=silcf,uu[h,a]daclyyay[db][pb50!d20,2][vc60][iUc20!La12,2...
Silicom's Tier-1 Security Industry Customer Selects Silicom Cards for Additional Line of Security Appliances
Monday December 12, 6:20 am ET
Customer's 12-Month Order Forecast: $2M
KFAR SAVA, Israel--(BUSINESS WIRE)--Dec. 12, 2005--Silicom Ltd. (NASDAQ:SILCF - News) today announced that it has been selected by one of its Tier-One security industry customers to supply Multiport Gigabit Ethernet adapters for a different line of its security appliances. According to the customer's sales forecast for this specific line of security appliances, its requirements for Silicom's adapters will reach approximately $2 million over a 12-month period. Of this, the customer has already placed initial orders amounting to $200,000.
After achieving its Design Win with this major manufacturer earlier this year, Silicom and the customer engaged in an intensive working relationship during which the Company proved its ability to deliver significant quantities of high-quality products on time. This demonstration of both technological and organizational excellence was a key factor that led the customer to again select Silicom.
"We are proud to be ramping up our relationship with this prestigious manufacturer, an achievement that proves the quality of our products as well as our ability as an organization to satisfy our customers," said Mr. Shaike Orbach, President and CEO of Silicom.
"Our Design Win business model continues to prove its power. Besides paving the way to an ongoing flow of orders, each Design Win makes it easier for us to secure additional business from our current customers' organizations, continually building the total revenue potential of each customer.
Silicom Ltd. is an industry-leading provider of high-performance network connectivity solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet server adapters and innovative BYPASS adapters designed to increase throughput and availability of security appliances and other mission-critical gateway applications. Silicom also offers a broad range of customizable PC Cards, PCI cards and USB products. For more information, please visit: www.silicom.co.il.
http://biz.yahoo.com/bw/051212/20051212005434.html?.v=1
Dubi
The number one share in the global recovery, Silicom Connectivity Solutions Ltd. (Nasdaq: SILCF), which increased its value 37-fold since hitting bottom in October 2002, is still soaring. What’s interesting is that it has all happened on not particularly large trading volume. Because I know very well some of those who bought the share at $0.20-1 three years ago, I asked some of them why they weren’t selling. They answered me with a question: “Are you selling?” No, I didn’t sell, because the share has been rising like crazy without anybody knowing which giant companies are buying Silicom’s bypass adaptor. The job of this device is to prevent loss of data in the event of a malfunction in flow, such as a short circuit.
If this is how the share goes up without anyone knowing who the all the company’s customers are, things will surely get even better when the secret becomes known. The company announced a new customer again yesterday, one of the biggest in the IT sector, and the share leaped. Imagine what will happen when people learn that Silicom’s customers are companies the size of HP-Hewlett Packard (NYSE: HPQ). The truth is I misled my friends who bought the share a little bit. I stick to a system that says that when you buy 2,000 shares at $0.20 a share, and the share suddenly rises sharply, it’s worthwhile selling 1,000 shares at $4-5 in order to make back the principal of my investment, so that my remaining 1,000 shares will have been acquired “for free”. I ask just one thing of you, dear readers don’t jump on the bandwagon now without examining why you jump. That way, you won’t break an arm or a leg.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000034277&fid=1052
Dubi
Momentum Continues: Fortune-100 Manufacturer Selects Silicom BYPASS Adapters for SAN Accelerator Appliances
11/28/2005 6:25:01 AM
KFAR SAVA, Israel, Nov 28, 2005 (BUSINESS WIRE) -- Silicom Ltd. (SILCF) today announced that one of the world's largest IT companies has selected Silicom's BYPASS Gigabit Adapters for use in its Storage Area Network (SAN)/Data Center data acceleration appliances. The manufacturer will offer Silicom's BYPASS adaptors as a configuration option in its acceleration appliances, answering the market need for "fail-safe" features to assure data availability even in times of power outage or appliance malfunction.
The manufacturer expects to begin offering BYPASS-enabled systems commercially in early 2006.
"We are delighted to add one of the world's largest and most prestigious industry players to our growing list of customers, a testament to the added value and superior cost-performance of our adapters," said Shaike Orbach, President and CEO of Silicom. "Although the bulk of our Design Wins have come from the security appliance industry, the SAN industry and other rapidly-growing segments are high-potential markets that we have only begun to address.
"As a superb solution for the needs of today's hot Data Center market, we believe our customer's data acceleration product will achieve strong sales, translating into incremental revenues for Silicom."
Silicom Ltd. is an industry-leading provider of high-performance server/appliances networking solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet, copper and fiber-optic, server adapters and innovative BYPASS adapters designed to increase throughput and availability of server-based systems, security appliances and other mission-critical gateway applications. Silicom also offers a broad range of its traditional PC Cards, PCI cards and USB products. For more information, please visit: www.silicom.co.il.
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. The Company disclaims any duty to update such statements.
SOURCE: Silicom Ltd.
Dubi
For companies like Top Image, Eltek (Nasdaq: ELTK), Commtouch Software Ltd. (Nasdaq: CTCH), Silicom Connectivity Solutions Ltd. (Nasdaq: SILCF), and Mind CTI (Nasdaq: MNDO; TASE: MNDO), monitoring them at the current stage of their business life spans should come only after the companies make sales. All the other parameters involve streamlining, which they’re all doing anyway. If sales are rising, and the management of these companies believes that their future is before them, then they’re all worthwhile investments. Top Image is not interesting just because of a deal of the kind just announced. Top Image is interesting mostly because of its technology and its sector. Incidentally, growth in all the companies I mentioned is organic. Yes, Mind CTI acquired a company, but it was a strategic acquisition, and its effect on the company’s cash was fairly small. Organic growth indicates a direction. Top Image is operating in a rapidly growing field, and it’s now all in the hands of CEO Ido Schechter and the company’s very experienced board of directors. There’s no reason why the Top Image shouldn’t make a breakthrough.
I’ll wind up with G. Willi-Food International (Nasdaq: WILCF; TASE: WLFD). Quietly, with no fuss, the share has risen 30% since the beginning of the month. Its results have improved significantly, and the company is starting to distribute dividends. That’s excellent news, but it’s not enough to make the share zoom like that. What could the reason be? I believe that the company’s management hasn’t given up on the idea of acquiring a US distributor. The US kosher food market is too good and attractive for the Williger brothers to give up on. Furthermore, during their first due diligence process, they became familiar with the fleshpot that goes by the name of the US ethnic food market. Their first effort failed, rightly so as far as management was concerned, because they found too many problems in the course of due diligence. The US does not lack food marketing companies, and a little birdie from New York whispered to me that another round is underway now. Knowing the owners as I do, it’s hard for me to believe that the acquisition won’t go through.
Published by Globes [online] - www.globes.co.il - on November 24, 2005
http://www.globes.co.il/serveen/globes/docview.asp?did=1000032903&fid=1052
Dubi
Earnings report is just simply too good to ignore. Big momentum should start to come in. The market cap is ONLY $16M
Silicom Reports 129% YOY Revenue Growth for Q3, All-Time Record Sales of $7.8M and $0.20 Per Share Net Profit for 9-Month Period; Momentum Continues to Build: 30 Design Wins, 7th Consecutive Quarter of Revenue Growth, 3rd Straight Profitable Quarter
Silicom Ltd. (NASDAQ:SILCF) today reported financial results for the third quarter and nine months ended September 30, 2005.
Revenues for the third quarter of 2005 were $2,832,000, an increase of 129% compared with $1,235,000 for the third quarter of 2004. This is Silicom's seventh consecutive quarter of rising revenues and represents sequential growth of 7% compared with the sales for the second quarter of 2005. Net income for the quarter was $384,000, or $0.09 per share (basic and diluted), compared with a net loss of ($207,000), or ($0.05) per share (basic and diluted), for the third quarter of 2004. This is the Company's third consecutive profitable quarter and represents 22% sequential growth compared with net income for the second quarter of 2005.
Revenues for the nine months ended September 30, 2005 rose to an all-time high of $7,750,000, an increase of 160% compared with $2,978,000 for the first nine months of 2004. These are the highest revenues ever recorded by the Company for any 3-quarter period. Net profit for the nine-month period was $849,000, or $0.20 per share (basic and diluted), compared to a net loss of ($1,153,000), or ($0.27) per share (basic and diluted) for the first nine months of 2004.
Commenting on the results, Shaike Orbach, President and CEO, said, "We are very pleased with the Company's continued strong momentum as demonstrated by seven consecutive quarters of top-line growth accompanied by improvement in the bottom line. For the nine-month period, our revenues are the highest they have been in our history, while our quarterly revenues are at their strongest level since 1997. This performance demonstrates the revenue-generating power of an increasing number of continuously maturing Design Wins for our multi-port and BYPASS adapters, which have accumulated to 30 over the last two years, each with the potential to generate an ongoing flow of orders over the next few years.
"With a sales pipeline consisting of many additional potential customers, we continue to focus on achieving Design Wins from developers and manufacturers operating in the fast-growing market segments of security appliances, data storage and other applications. In this fertile niche, we have established a strong presence which is helping us close additional Design Wins, each of which with the potential to contribute revenues on top of those generated by our current Design Wins. Overall, we are very satisfied by our progress and optimistic as we look towards the future."
Silicom Ltd. is an industry-leading provider of high-performance server/appliances networking solutions. The Company's flagship products include a variety of multi-port Gigabit Ethernet, copper and fiber-optic, server adapters and innovative BYPASS adapters designed to increase throughput and availability of server-based systems, security appliances and other mission-critical gateway applications. Silicom also offers a broad range of its traditional PC Cards, PCI cards and USB products. For more information, please visit: www.silicom.co.il.
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. The Company disclaims any duty to update such statements.
--------------------------------------------------------------------------------
Silicom Ltd. Consolidated Summary of Results
(Unaudited)
U.S. dollars, in thousands, except for per share amounts
Three-month period Nine-month period
ended September 30, ended September 30,
2005 2004 2005 2004
========== ========== ========== ===========
Sales $2,832 $1,235 $7,750 $2,978
Cost of sales 1,688 770 4,652 2,045
---------- ---------- ---------- -----------
Gross profit 1,144 465 3,098 933
---------- ---------- ---------- -----------
Research and development
costs, gross 395 414 1,163 1,222
Less - royalty bearing
participations (27) (75) (71) (103)
---------- ---------- ---------- -----------
Research and development
costs, net 368 339 1,092 1,119
Selling and marketing
expenses 216 182 662 513
General and administrative 165 150 511 458
---------- ---------- ---------- -----------
749 671 2,265 2,090
---------- ---------- ---------- -----------
Operating income (Loss) 395 (206) 833 (1,157)
Financial income
(expenses), net (11) (1) 16 4
---------- ---------- ---------- -----------
Income (Loss) before taxes
on income 384 (207) 849 (1,153)
Taxes on income --- --- --- ---
---------- ---------- ---------- -----------
Net income (Loss) $384 $(207) $849 $(1,153)
========== ========== ========== ===========
Basic income (Loss) per
share $0.09 $(0.05) $0.20 $(0.27)
========== ========== ========== ===========
Weighted average number of
shares outstanding -
Basic EPS (in thousands) 4,276 4,199 4,241 4,199
========== ========== ========== ===========
Diluted income (Loss) per
share $0.09 $(0.05) $0.20 $(0.27)
========== ========== ========== ===========
Weighted average number of
shares outstanding -
Diluted EPS (in
thousands) 4,402 4,199 4,349 4,199
========== ========== ========== ===========
Silicom Ltd. Consolidated Balance Sheets
(U.S. dollars, in thousands)
September 30, December 31,
2005 2004
(Unaudited) (Audited)
=============== ===============
Assets
Current assets
Cash and cash equivalents $1,707 $1,086
Short term investments - 519
Trade receivables 1,566 741
Other receivables 367 337
Inventories 3,125 1,994
--------------- ---------------
6,765 4,677
Severance pay fund 561 559
Property and equipment, net 229 232
Other assets 50 57
--------------- ---------------
Total assets $7,605 $5,525
=============== ===============
Liabilities and shareholder's equity
Current liabilities
Trade payables 1,677 1,008
Other payables and accrued liabilities 892 522
--------------- ---------------
Total current liabilities 2,569 1,530
Liability for severance pay 963 957
--------------- ---------------
Total liabilities 3,532 2,487
--------------- ---------------
Shareholders' Equity
Share capital and additional
paid in capital 5,838 5,652
Treasury stock (38) (38)
Retained earnings (deficit) (1,727) (2,576)
--------------- ---------------
4,073 3,038
--------------- ---------------
Total liabilities and
shareholders equity $7,605 $5,525
=============== ===============
Silicom Ltd.
Eran Gilad, +972-9-764-4555
erang@silicom.co.il
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