YAKUM, Israel-Metalink Ltd. announced executive management changes even as it said it will lower its earlier guidance for the first quarter of 2005.
The company, which makes chip solutions for wireless and wireline business, said it cannot release a definitive figure for the market a week before the end of the quarter.
“Nevertheless, we are making this announcement because it is clear to us that a few Asian orders for our chipsets have been pushed out, and consequently we will come in below the original guidance we provided a quarter ago,” said Tzvika Shukhman, chairman and chief executive officer of the company.
Metalink also said it has appointed Yuval Ruhama as vice president of finance, replacing Ofer Lavie, who is leaving the company. It also appointed Yaniv Dinur as vice president of international sales, replacing Ronen Avron.
