Silicom Ltd. reports receipt of $1.8M order
Silicom Ltd. (Nasdaq: SILC) this morning said it received a $1.8 million order from one of China’s largest domestic server companies, representing its first significant penetration into the vast Chinese market.
The order is for production quantities of Silicom’s fiber multi-port Gigabit Ethernet adapters and is scheduled for delivery during the first quarter.
“China’s rapid growth represents a huge new opportunity for Silicom, especially the fact that its server usage is growing in step with the phenomenal development of its telecom, transportation, banking and other sectors,” Silicom’s president and CEO, Shaike Orbach, commented in a press release. “In fact, according to CCID Consulting, more than half a million x86 servers were sold in China in 2007, with additional strong growth projected for 2008.”
Shares of Silicom Ltd. (SILC) gained 9.29%, or $1.36, to $16 in pre-market. Shares of Silicom Ltd. have been trading in the rage of $9.28 to $28.24 for the past 52 weeks.
