UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2004
Metalink Ltd.
(Translation of registrant's name into English)
Yakum Business Park, Yakum 60972, Israel
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F __
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes __ No X
The following are included in this Report on Form 6-K:
1. Press release dated September 27, 2004.
The information contained in this Report on Form 6-K is hereby incorporated by
reference into the Registration Statement on Forms F-3 No. 333-104147, and No.
333-13806.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
METALINK LTD. Date: September 27, 2004
By /s/ OFER LAVIE
Ofer Lavie
Chief Financial Officer
[METALINK LOGO]
Contacts:
Ofer Lavie
Chief Financial Officer
Metalink Ltd.
Tel: 972-9-960-5555
Fax: 972-9-960-5399
Ranen Cohen-Orgad
Director of Investor Relations
Metalink Ltd.
Tel: 972-9-9605450
Fax: 972-9-9605399
ranenc@metalinkBB.com
METALINK UPDATES REVENUE OUTLOOK FOR THE THIRD QUARTER
Yakum, Israel, September 27, 2004 - Metalink Ltd. (NASDAQ: MTLK), a global
provider and developer of high performance wireline and wireless broadband
communication silicon solutions, today announced revised third quarter revenue
estimates.
Metalink expects 2004 third quarter revenue to be in the range of $4.7 million
to $5.0 million, an increase of about 40% compared to the third quarter of 2003,
and an approximate 19% decrease compared to the second quarter of 2004. Final
results for the quarter will be issued on Wednesday, October 27, 2004 and
discussed during Metalink's conference call that day.
"The lower than expected revenue is primarily due to a continuation of trials by
Japanese carriers beyond previous indications from our customers, and to a
lesser extent, a greater than anticipated seasonality effect in Europe. While we
are disappointed with the slower than expected ramp up in Japan and its
consequences with respect to our third quarter revenue, we continue to view
Japan's VDSL market as a very important growth opportunity for us in 2004 and
beyond. We remain optimistic that our superior 100Mbps VDSL technology combined
with our strong partners in Japan will allow us to capitalize on this
opportunity," said Tzvi Shukhman, Metalink's Chairman and CEO.
About Metalink
Metalink Ltd. is a global provider and developer of high performance wireline
and wireless broadband communication silicon solutions for telecommunication,
networking and home broadband equipment makers. Metalink's silicon solutions
address key elements of the "broadband home" market through cost effective, very
high-speed delivery of broadband applications over public, home and enterprise
networks.
Metalink's carrier broadband DSL products enable network operators to offer
broadband services over any copper infrastructure. Leading OEMs and operators in
Asia, North America and Europe have chosen to deploy Metalink's VDSL, SHDSL, and
HDSLx products. Metalink's VDSL product line includes VDSLPlus(TM), the best
performing technology for delivery of 100 Mbps over traditional telephony-grade
copper, and Total-VDSL(TM), the most scalable DSL technology enabling
performance of over 50 Mbps at short reach and up to 5 km DSL service.
Metalink's VDSL products are fully compliant with the recently adopted ITU-T
G.993.1-2004 VDSL recommendation.
Metalink's broadband home products address key elements of delivering a new
broadband experience to and in the home environment. The products address
advanced services and home distribution. WLANPlus(TM) - a MIMO-based
high-throughput Wireless LAN technology, is designed to comply with the emerging
802.11n standard and enables speeds exceeding 200 Mbps. A wire-speed residential
gateway addressing service providers need to offer a full service set to their
broadband subscribers complements the home products offering. Metalink, a
fabless semiconductor company, is headquartered in Yakum, Israel and has
subsidiaries in Folsom, California and in Seoul, South Korea, and offices in
Yokohama, Japan, and Atlanta, Georgia. Further information is available at
http://www.MetalinkBB.com.
This press release contains "forward looking" information within the meaning of
the United States securities laws that involve risks and uncertainties that
could cause actual results to differ materially from those in the forward
looking statements. Additional factors that could cause actual results to differ
materially from these forward-looking statements are set forth from time to time
in Metalink's filings with the Securities and Exchange Commission, including
Metalink's Annual Report in Form F-20. Readers are cautioned not to place undue
reliance on forward-looking statements. The Company undertakes no obligation to
republish or revise forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrences of
unanticipated events. The Company cannot guarantee future results, events, and
levels of activity, performance, or achievements. The Company does not assume a
duty to update or revise any of the forward-looking statements as a result of
new information, future events or otherwise.