SANTA CLARA, CA. and YOKNEAM, ISRAEL – May 28, 2008 – Mellanox® Technologies, Ltd. (NASDAQ: MLNX; TASE: MLNX), a leading supplier of semiconductor-based, server and storage interconnect products,today announced that Eyal Waldman, chairman, president and CEO has adopted a stock trading plan to sell a portion of his shares of the company in an orderly manner. Mr. Waldman’s plan is adopted is in accordance with the guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934.
Rule 10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information. Using these plans, insiders may gradually diversify their investment portfolios and spread stock trades over a period of time regardless of any material, non-public information they may receive after adopting their plans. In accordance with 10b5-1 rules, Mr. Waldman will have no discretion over sales under his plan.
Under Mr. Waldman’s plan, Waldo 2 Holdings, a general partnership of which Mr. Waldman is a general partner, may sell up to 252,000 shares, subject to satisfaction of certain conditions. If the conditions are met, sales under the plan may commence on October 1, 2008 and would be completed by September 30, 2009. The 252,000 shares available for sale under the plan represent approximately 8.36% of the total number of ordinary company shares held by Mr. Waldman, including shares subject to stock options which are exercisable while the plan is in effect. The sales by Mr. Waldman under his plan are intended to diversify his holdings and to help meet estate planning goals. All transactions under the plan will be disclosed through Form 144 and Form 4 filings with the Securities and Exchange Commission as required by applicable securities laws.
Mellanox Technologies is a leading supplier of semiconductor-based, interconnect products to world-class server, storage, and infrastructure OEMs servicing Fortune 500 data centers, the world’s most powerful supercomputers, and mission critical embedded applications. The company’s Virtual Protocol Interconnect™ (VPI) enables standard communication protocols to operate over any converged network (InfiniBand, Ethernet, Data Center Ethernet) with the same software solution. Utilizing proven networking, clustering, storage, virtualization and RDMA acceleration engines, VPI optimizes application performance, power consumption, workload agility, and total system efficiency while future-proofing IT infrastructure.
Founded in 1999, Mellanox Technologies is headquartered in Santa Clara, California and Yokneam, Israel. For more information, visit Mellanox at www.mellanox.com.
Mellanox, ConnectX, InfiniBlast, InfiniBridge, InfiniHost, InfiniRISC, InfiniScale, and InfiniPCI are registered trademarks of Mellanox Technologies, Ltd. Virtual Protocol Interconnect is a trademark of Mellanox Technologies, Ltd. All other trademarks are property of their respective owners.
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