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Comms chips

Metalink Reports Q3

YAKUM, Israel -- Metalink Ltd. (NASDAQ: MTLK), a provider of high-performance wireless and wireline broadband communication silicon solutions, today announced results for the third quarter ended September 30, 2006.

Financial Results
Revenues for the third quarter of 2006 were $4.2 million compared to $3.5 million in the second quarter of 2006 and $4.1 million in the third quarter of 2005. Gross margin for the third quarter of 2006 was 54% compared to 44% in the second quarter of 2006 and 54% in the third quarter of 2005.

Net loss for the third quarter of 2006 was $3.9 million, or $(0.20) per share, compared to $4.3 million, or $(0.22) per share, for the second quarter of 2006, and $3.6 million, or $(0.18) per share, for the third quarter of 2005. Net loss for the third quarter of 2006 includes stock-based compensation expenses of $0.29 million recorded as a result of the implementation of SFAS 123(R).

Metalink’s cash, cash equivalents and short and long-term investments at the end of the third quarter of 2006 were $31.4 million compared to $33.3 million at the end of the second quarter of 2006.

Metalink Ltd. (Nasdaq: MTLK)

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