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Mellanox Advances as CEO Forecasts Revenue Increase

Jan. 5 (Bloomberg) -- Mellanox Technologies Ltd. climbed to the highest level in more than eight months as Chief Executive Officer Eyal Waldman said the purchase of Voltaire Ltd. may boost sales 10-fold within the “coming years.”

The shares of the maker of data-center adapters and software increased 3.9 percent to 97 shekels at the 4:30 p.m. close in Tel Aviv, the highest since April 26. The stock gained 3.3 percent in New York yesterday.

Yokneam Elit-Israel based Mellanox agreed in November to buy Voltaire for about $218 million. As a result, sales could reach $1.5 billion within the coming years, Waldman said without being more specific. He forecasts 2010 sales of as much as $154 million for Mellanox and up to $70 million for Voltaire.

To contact the reporter on this story: Ronit Goodman in Tel Aviv at rgoodman9@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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