This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Another Milestone For Silicom’s SETAC: Tier 1 Server Manufacturer To Offer SETAC To Its Appliance Customers

Silicom Ltd. (NASDAQ:SILC)(TASE:SILC) today announced that a Tier 1 server manufacturer will begin offering appliances which integrate Silicom’s SETAC Server To Appliance Converter with one of the popular models of its standard servers. This will allow the manufacturer’s customers to use the manufacturer’s top quality servers as highly-flexible customized network appliances.

The SETAC-based appliances will be offered by the manufacturer’s OEM Group, a professional team which maintains contact with the majority of the appliance market’s relevant customers. As a result, Silicom expects to benefit from a dramatic increase in SETAC market awareness and sales activities, which it believes will gradually translate into growth of its revenues.

In addition to the manufacturer’s OEM group, the appliances will also be sold by one of the manufacturer’s strategic partners, a global provider of purpose-built platforms and appliances that will also carry out the actual conversion of the manufacturer’s servers to SETAC-based appliances. This global provider will assume responsibility for ongoing support of the SETAC portion of the appliances, while the manufacturer itself will provide worldwide support of the basic server, an important asset for SETAC-based appliances.

“It is hard to overstate the importance of this milestone achievement for the development of our SETAC business,” commented Shaike Orbach, Silicom’s President and CEO. “From an exposure point of view, the SETAC will be moving into the spotlight, benefiting from the marketing efforts and recommendations of the manufacturer’s OEM Group and its customization partner. We believe that over the long term this will translate into significantly increased sales while positioning us to continue accumulating important market wins, gradually transforming the SETAC into the important revenue growth driver that we predicted it would become when we launched it.”

##

About Silicom

Silicom Ltd. is an industry-leading provider of high-performance networking solutions designed to increase the throughput and availability of networking appliances and server-based systems.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs