| 2018-03-13 16:24:07|
SILC 16:24 03/13 03/13/18
Silicom announces cancelation of contract awarded by top-10 player
Silicom announced that the top-10 Cloud player that awarded Silicom its largest-ever design win has decided to abort the new cloud infrastructure architecture for which it had ordered the Silicom 100-Gigabit-Switch-Fabric-On-A-NIC product. In communicating its decision, the customer indicated that the cancellation was unrelated to Silicom's product, development or support, which was flawless; rather, its decision to abort the configuration was based on issues and challenges faced at a much higher level of the new Cloud architecture. Silicom has open POs related to the cancelled program that are due for delivery within the Q1 and Q2. The Company is now evaluating the impact of the news on the results of these quarters, as well as on its future results.