Metalink Ltd - Report of Foreign Issuer (6-K)



 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 March 2008

 Commission file number: 0-30394

 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 if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [_]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): [_]

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]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ____________

The information contained in this Report on Form 6-K is hereby incorporated by
reference into the registrant's Registration Statements on Form F-3 File Nos.
333-145431, 333-104147 and 333-13806 and on Form S-8, File Nos. 333-121901,
333-12064, 333-88172, 333-112755 and 333-149657.



The following are included in this Report on Form 6-K:

1. Press release dated March 31, 2008.



 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: March 31, 2008 By: /s/ Yuval Ruhama
 --------------------
 Yuval Ruhama
 Chief Financial Officer




Yuval Ruhama Mor Abraham
CFO Marketing Communications Manager
Metalink Ltd. Metalink Ltd.
Tel: 972-9-9605395 Tel: 972-9-9605406
Fax: 972-9-9605544 Fax: 972-9-9605544
yuvalr@mtlk.com amor@mtlk.com


 METALINK UNVEILS OPERATING EXPENSE REDUCTION PLAN

YAKUM, ISRAEL, MARCH 31, 2008 - 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.

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