Metalink Makes An Announcement of Phenomenal Significance

| About: Metalink Ltd. (MTLK)

I have written in the past about Sigma's connection with Metalink Ltd. (OTCQB:MTLK), when I referred to Sigma's meteoric climb in IPTV chips for the digital home as an example of what could happen to Metalink once it begins selling its own advanced WiFi chips for the wireless, digital home.

On Monday, Metalink made a seemingly procedural announcement in which it said that its chipset had received WiFi certified 802.11n draft 2.0 Certification. The significance of this is actually phenomenal, since it amounts to a green light for the company to begin sales. The announcement constituted an endorsement of the technological superiority of its chipset in high-speed wireless relay of video content within the home, compared with that of its competitors.

I believe the company will record its first significant sales in the fourth quarter, with an orders backlog from the third quarter, which started on Sunday.

MTLK 1-yr chart:


Published originally by Globes [online], Israel business news -
© Copyright of Globes Publisher Itonut (1983) Ltd. 2006. Republished on Seeking Alpha with full permission.