Thursday, July 24, 2008

Metalink Considers its Strategic Options, Including Possible Sale

Metalink, a supplier of DSL and 802.11n silicon solutions, said it is evaluating number of strategic and financial options for the future, including a potential sale of the company. In parallel, Metalink is implementing measures to reduce its ongoing operating expenses. Metalink is also actively involved in capital raising activities, including through a private placement. This is Metalink's second cost reduction plan, following a plan which was announced in March 2008. The current plan aims to reduce operating expenses to approximately $6.5 million in the fourth quarter of 2008 (excluding one time charges, such as restructuring and severance costs, and stock-based compensation expenses).http://www.mtlk.com

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