YAKUM, Israel -- Fabless chip supplier Metalink Ltd. today said it expects to report 40% sequential growth in revenues for the fourth of 2001, compared to $1.2 million in Q3. Revenues are expected to reach $1.7 million for the period, ended Dec. 31, according to Israeli communications chip company.
"Despite the general economic downturn, the visibly with some of our customers has improved during the quarter," said Tzvi Shukhman, chairman and CEO of Metalink. The chief executive said Metalink scored major design wins for its digital subscriber line products serving very-high-bit-rate DSL (VDSL) and symmetric high-bit-data-rate DSL (SHDSL) at Lucent, Next Level and Siemens.
Metalink said its book-to-bill ratio for the fourth quarter was expected to be "well over" parity. The company said its cash and cash equivalents at the end of the quarter were at $90 million.
In Q4 of 2000, Metalink posted $7.4 million in sales and earnings of $0.04 per share. With communications chips sales in a downturn, the company posted a loss of $0.24 per share in Q3 on revenues of $1.2 million. Wall Street analysts have been expecting Metalink to report a loss of $0.24 per share in the just-ended Q4 period, according to First Call/Thomson Financial.