Metalink Ltd. Approves a Plan to Distribute Up to $3.5 Million in Cash

Metalink Ltd. is a fabless semiconductor company. The Company's broadband silicon solutions enable streaming video, voice and data transmission and delivery throughout communication networks across the world. The Company subcontracts its semiconductor wafer manufacturing, packaging and testing to semiconductor manufacturing companies in Taiwan. The Company focuses on considering strategic alternatives, including a possible business combination, other strategic transaction with a domestic or foreign, private or public operating entity or a going private transaction, including with any of its affiliates, and voluntary liquidation. The Company's products include digital subscriber line (DSL). A typical DSL chip set consists of an analog front-end (AFE) device and a digital device.