MTLK Metalink, Ltd. (MM)

YAKUM, Israel, March 31 /PRNewswire-FirstCall/ -- Metalink Ltd. (NASDAQ: MTLK), a global provider and developer of high-performance wireless and wireline broadband communication silicon solutions, today announced a plan to significantly reduce its operating expenses. The company will reduce its operating expenses, excluding stock based compensation expenses, from approximately $9 million in the fourth quarter of 2007 to approximately $8 million in the third quarter of 2008 and $7 million in the fourth quarter of 2008. Commenting on the plan, Metalink's CEO, Tzvika Shukhman, said, "Over the past six years, Metalink has focused its efforts on developing 802.11n-compliant chipsets that enable robust High-Definition video steaming throughout the home. Due to slower-than-expected development of the service provider video over 802.11n market the company accelerated its entry in the retail wireless router market, with best of breed 802.11n offering. We significantly increased our investments in this area, with the objective to align and complete our offering to better address this large market opportunity. Having accomplished our objective we are lowering our burn rate to reduce the time to profitability. We will continue to aggressively invest in our existing product line with a focus on market share gain and rapid revenues ramp. We will also invest in the development of our next generation offering," concluded Shukhman. About Metalink Metalink Ltd. (NASDAQ:MTLK) is a leading provider of high performance wireless and wireline broadband communication silicon solutions. Metalink's WLAN and DSL technologies are designed to enable true broadband connectivity in every home, and its products revolutionize the broadband experience by facilitating the convergence of telecommunication, networking and entertainment. Metalink's WLANPlus(TM) is a high-throughput, 802.11n-draft-compliant wireless LAN technology optimized for the networked home entertainment environment. Featuring advanced MIMO technology and full support of QoS, and operating in both 2.4GHz and 5GHz bands, WLANPlus enables multi-room networking of multiple high-definition video streams. In addition, Metalink offers a broad range of symmetric DSL and VDSL products used by operators as a cost-effective network upgrade to support triple-play services. Headquartered in Yakum, Israel, the company has design centers in USA (Atlanta, GA) and Taiwan, and sales offices in USA (Atlanta, GA), South Korea, Japan, China and Taiwan. Further information is available at http://www.mtlk.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. Yuval Ruhama CFO Metalink Ltd. Tel: +972-9-9605395 Fax: +972-9-9605544 Mor Abraham Marketing Communications Manager Metalink Ltd. Tel: +972-9-9605406 Fax: +972-9-9605544 DATASOURCE: Metalink Ltd CONTACT: Yuval Ruhama, CFO, Metalink Ltd., Tel: +972-9-9605395, Fax: +972-9-9605544, ; Mor Abraham, Marketing Communications Manager, Metalink Ltd., Tel: +972-9-9605406, Fax: +972-9-9605544,

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