Silicom Ltd. (SILCF)

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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

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