Results for the third quarter: Revenues for the third quarter of 2008 were $811,000 compared with $3.9 million for the third quarter of 2007. Net loss for the period was $(3.0) million, or $(0.13) per share, compared to $(5.2) million, or $(0.24) per share, for the third quarter of 2007. Net loss for the third quarter of 2008 includes stock-based compensation expenses of $0.7 million.

Results for the nine months: For the first nine months of 2008, revenues were $4.1 million, compared to $8.8 million for the first nine months of 2007. Net loss for the first nine months of 2008 was $(19.5) million, or $(0.83) per share, compared to a net loss of $(15.8) million, or $(0.77) per share, for the first nine months of 2007.

Cash status: Metalink's net cash, cash equivalents, short and long-term investments as of September 30, 2008 were $7.5 million. During the third quarter, the Company received a $3.5 million short-term secured loan from an institutional investor. According to the loan agreement, the Company may request an additional loan of up to $4.5 million. Full details regarding the loan terms can be referenced in the Company's press release dated September 9, 2008, and in the Company's filings with the SEC.

Comments of Management

Commenting on the results, Mr. Tzvi Shukhman, Metalink's CEO, said, "We are pleased with our success at implementing our restructuring plan, an initiative that has enabled us to narrow our operating expenses dramatically. We have done so while focusing the Company on Carrier Class 802.11n markets, the industry segment which has the strongest need for our differentiating best-of-breed performance. This focus has generated successful trials and pilot deployments of our solutions with leading service operators, as well as design wins with a number of world class vendors of STBs (Set Top Boxes), RGs (Residential Gateways) and routers. We believe these developments are paving the way toward significant shipments in the latter part of 2009. In parallel, we continue to make progress in the development of our Generation 3 products in line with our plan to further expand our technology leadership.

"We are increasingly optimistic that the combination of our lean operations, best-of-breed technology and excellent team will allow us to maximize shareholders' value as we assess our strategic options," concluded Mr. Shukhman.

About Metalink

Metalink Ltd. (NASDAQ: MTLK) is a provider of high performance broadband communication silicon solutions. Metalink's WLAN and DSL technologies are designed to enable true broadband connectivity in every home, and its products revolutionize the broadband experience by facilitating the convergence of telecommunication, networking and entertainment.

Metalink's WLANPlus(TM) is a high-throughput, 802.11n-draft-compliant wireless LAN technology optimized for the networked home entertainment environment. Featuring advanced MIMO technology and full support of QoS, and operating in both 2.4GHz and 5GHz bands, WLANPlus enables multi-room networking of multiple high-definition video streams. In addition, Metalink offers a broad range of symmetric DSL and VDSL products used by operators as a cost-effective network upgrade to support triple-play services.

Further information is available at http://www.MTLK.com

Safe Harbor Statement

This press release contains "forward looking statements" within the meaning of the United States securities laws. Words such as "aim," "expect," "estimate," "project," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believe," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. For example, when we discuss our expectation regarding strategic options, we are using a forward looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to: our need to raise additional funds in order for us to implement our current business plan, including our liquidity requirements, which funds may not be available to us; our inability to satisfy Nasdaq's requirements for continued listing; any unforeseen developmental or technological difficulties with regard to our products; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; and the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism. Additional factors that could cause actual results to differ materially from these forward-looking statements are set forth from time to time in Metalink's filings with the Securities and Exchange Commission, including Metalink's Annual Report in Form F-20. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. The Company cannot guarantee future results, events, and levels of activity, performance, or achievements.

                                  METALINK LTD.
                           CONSOLIDATED BALANCE SHEETS


                                              September 30,     December 31,
                                           ----------------- ----------------
                                                  2008              2007
                                           ----------------- ----------------
                                               (Unaudited)
                                           -----------------
                                            (in thousands, except share data)
                                           ----------------------------------
    ASSETS
    Current assets
    Cash and cash equivalents               $   4,424          $   7,291
    Short-term investments                      2,541             17,233
    Trade accounts receivable                     645                677
    Other receivables                           2,048              2,284
    Prepaid expenses                              306                456
    Deferred charges                              300                  -
    Inventories                                 2,982              1,765
                                           ----------         ----------
    Total current assets                       13,246             29,706
                                           ----------         ----------
    Long-term investments                         738              2,200
                                           ----------         ----------
    Severance pay fund                          1,615              2,534
                                           ----------         ----------
    Property and equipment, net                 4,018              4,182
                                           ----------         ----------
                                           ----------         ----------
                                            $  19,617          $  38,622
                                           ----------         ----------
                                           ----------         ----------

    LIABILITIES AND SHAREHOLDERS' EQUITY
    Current liabilities
    Short-term bank credit                  $     173          $       -
    Trade accounts payable                        645              1,564
    Other payables and accrued expenses         3,061              4,979
    Short-term loan                             1,756                  -
    Warrants to issue shares                    1,046                  -
                                           ----------         ----------
    Total current liabilities                   6,681              6,543
                                           ----------         ----------
    Accrued severance pay                       2,549              3,748
                                           ----------         ----------
    Shareholders' equity
    Ordinary shares of NIS 0.1 par value
    (Authorized - 50,000,000 shares, issued
    and outstanding 24,389,232 and
    24,377,232 shares as of September 30,
    2008 and December 31, 2007,
    respectively)                                701                 701
    Additional paid-in capital               156,349             154,703
    Accumulated other comprehensive income
    (loss)                                      (76)                  48
    Accumulated deficit                    (136,702)           (117,236)
                                           ----------         ----------
                                              20,272              38,216
                                           ----------         ----------
    Treasury stock, at cost; 898,500 as of
    September 30, 2008 and December 31,
    2007                                     (9,885)             (9,885)
                                           ----------         ----------
    Total shareholders' equity                10,387              28,331
                                           ----------         ----------
    Total liabilities and shareholders'
    equity                                  $ 19,617           $  38,622
                                           ----------         ----------
                                           ----------         ----------


                                  METALINK LTD.
                      CONSOLIDATED STATEMENTS OF OPERATIONS

                                  Three months ended      Nine months ended
                                     September 30,          September 30,
                                  --------------------- ---------------------
                                    2008         2007       2008       2007
                                  --------     --------   --------   --------
                                      (Unaudited)            (Unaudited)
                                  --------------------- ---------------------
                              (in thousands, except share and per share data)

    Revenues                   $     811    $   3,907 $    4,144 $    8,793
    Cost of revenues:
    Costs and expenses               304        1,644      1,708      4,050
    Royalties to the Government
    of Israel                         27          115        132        255
                                  ------       ------     ------     ------
    Total cost of revenues           331        1,759      1,840      4,305
                                  ------       ------     ------     ------
                                  ------       ------     ------     ------
    Gross profit                     480        2,148      2,304      4,488
                                  ------       ------     ------     ------
    Operating expenses:
    Gross research and
    development                    4,329        6,461     19,384     17,184
    Less - Royalty bearing and
    other grants                   1,591          698      2,527      1,788
                                  ------       ------     ------     ------
    Research and development,
    net                            2,738        5,763     16,857     15,396
                                  ------       ------     ------     ------
    Selling and marketing            976        1,272      4,086      3,979
    General and administrative       615          637      2,058      1,781
                                  ------       ------     ------     ------
    Total operating expenses       4,329        7,672     23,001     21,156
                                  ------       ------     ------     ------
                                  ------       ------     ------     ------

    Operating loss               (3,849)      (5,524)   (20,697)   (16,668)

    Financial income, net            813          311      1,231        880
                                  ------       ------     ------     ------
    Net loss                   $ (3,036)    $ (5,213) $ (19,466) $ (15,788)
                                  ------       ------     ------     ------
                                  ------       ------     ------     ------
    Loss per ordinary share:
    Basic                      $  (0.13)    $  (0.24) $   (0.83) $   (0.77)
                                  ------       ------     ------     ------
                                  ------       ------     ------     ------
    Diluted                    $  (0.13)    $  (0.24) $   (0.83) $   (0.77)
                                  ------       ------     ------     ------
                                  ------       ------     ------     ------

    Shares used in computing
    loss per
    ordinary share:

    Basic                     23,490,732   22,118,592 23,489,497 20,617,413
                              ----------   ---------- ---------- ----------
                              ----------   ---------- ---------- ----------
    Diluted                   23,490,732   22,118,592 23,489,497 20,617,413
                              ----------   ---------- ---------- ----------
                              ----------   ---------- ---------- ----------




    Contact:
    Yuval Ruhama
    CFO
    Metalink Ltd.
    Tel: 972-9-9605395
    Fax: 972-9-9605544
    yuvalr@MTLK.com

SOURCE Metalink Ltd

Current WiMAX devices range from mobile handhelds, PCMCIA cards, USB dongles and laptop computers with embedded WiMAX chips. This breadth of devices allows consumers to customize their mobile requirements whether they are at home, at the office, at the cottage or on the road.

Rather than being constrained by the geographic limitations of WiFi, WiMAX allows operators to blanket an entire city or region to offer completely seamless connectivity.

Look can demonstrate this disruptive technology using a state of the art WiMAX demonstration vehicle located at its head office in Milton, Ontario. Passengers can view high quality television with an interactive guide, view video on demand (VOD), place voice calls, browse the internet, and achieve internet speeds capable of 6 Megabits per second while traveling at highway speeds. Other devices such as handhelds and WiMAX embedded laptops are also available for demonstration.

Look believes that WiMAX will give consumers an unparalleled experience that is currently not offered by any mobile or cellular operator in Canada. Look's unique combination of its mobile broadcast license, along with its approximately 100 MHz of spectrum in the 2.6 to 2.7GHz band, allows Mobile WiMAX to become a reality in Canada today.

About WiMAX

WiMAX is a broadband wireless access technology that enables connectivity through wireless networks for fixed, nomadic or mobile use in urban, suburban and rural areas. The technology offers a cost-effective broadband access alternative where DSL is unavailable for technical or economical reasons or a last-mile alternative to unbundling for operators who are offering a combination of voice and broadband access for next generation of wireless devices.

WiMAX, WiMAX Forum, the WiMAX Forum logo, WiMAX Forum Certified, and the WiMAX Forum Certified logo are trademarks of the WiMAX Forum. All other trademarks are the properties of their respective owners.

    <<
    About Unique Broadband Systems, Inc.
    ------------------------------------

    UBS is a publicly listed Canadian company that has a 51.7 per cent fully
diluted economic interest in Look Communications Inc. and other assets. With
its licensed spectrum through its subsidiary, Look, UBS is a Canadian digital
television broadcaster and broadband wireless service provider. The Company's
website may be found at www.uniquebroadband.com.

    About Look Communications Inc.
    ------------------------------
    >>

Look's mission is to be an M(3) - Mobile Multi Media - information, communications and entertainment service provider in Ontario and Québec. Look currently delivers a full range of communications services, including high-speed and dial-up Internet access, Web applications, digital television distribution and superior customer service to both the business and residential markets. Look's shares are listed on the TSX Venture Exchange under the symbols "LOK" for Multiple Voting Shares and "LOK.A" for Subordinate Voting Shares. Look's website may be found at www.look.ca.

    <<
    Caution Regarding Forward-Looking Information
    ---------------------------------------------
    >>

The corporate information contained in this release includes forward-looking statements regarding future events and the future performance of the Company that involve risks and uncertainties that could cause actual results to differ materially. Assumptions used in the preparation of such information, although considered reasonable by Look at the time of preparation, may prove to be incorrect. The actual results achieved may vary from the information provided herein and the variations may be material. Consequently, there is no representation by the Company that actual results achieved will be the same in whole or in part as those forecasts.

    <<
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    >>

%SEDAR: 00010550E

SOURCE: Unique Broadband Systems, Inc.

Peter Block, Investor and media relations, E-mail: irinfo@uniquebroadband.com, (647)
259-3284

Additional enabling technologies being highlighted by Calix include the following:

-- Set-top boxes from Cisco and Motorola that support MPEG-4 AVC and VC-1 SD and HD content

-- Video service quality management solutions from Broadcom and Comtrend, including the PhyR video error correction solution, delivered over VDSL2

-- Advanced network management solutions from ClearAccess and Xangati that provide key operational efficiency enhancements in conjunction with the Calix Management System (CMS) through enabling TR-69 and rapid problem isolation functionality

-- A comprehensive solutions environment enabled via the Calix C7 and the Calix E5 family of platforms that makes possible the delivery of the most advanced IP services over any protocol and any physical media

The end-to-end ecosystem delivering the IPTV and advanced network management demonstrations will include products from a number of Calix Compatible interoperability partners and industry leaders including Broadcom, Cisco, ClearAccess, Comtrend, Microsoft Corp., Motorola, and Xangati. Service providers seeking to establish clear services differentiation are increasingly looking to these leaders for a superior IPTV user experience, and to fiber to the premises (FTTP) and advanced DSL solutions delivered via the Calix Unified Access Infrastructure to provide the bandwidth and quality of service required to deliver such applications.

Teresa Mastrangelo, principal analyst with Broadbandtrends.com, said, "North American service providers need to upgrade their networks to meet the evolving service demands of their customers, and need to leverage every tool in their arsenal to effectively and efficiently meet these demands. The Calix Unified Access Infrastructure provides all of the options necessary for the delivery of advanced services by North American service providers. Couple this with a demonstration of a user experience that spans the broadcast, recorded, on-demand, and interactive needs of consumers and you see a vision for the delivery of a clearly differentiated subscriber service offering."

According to Geoff Burke, Calix director of field marketing, "This TelcoTV demonstration of Mediaroom creates a clear picture of how service providers are redefining the integrated home experience. Combine these services with the Calix Unified Access Infrastructure, which provides service providers with the right-size, flexible solutions to transform their networks to deliver these advanced services, and you have a clear answer for communications service providers looking for ways to compete and win."

About Calix

Calix is the largest telecom equipment supplier focused solely on access solutions for broadband service delivery. Service providers deploy Calix access systems to enable a rich set of information, communication, and entertainment services and to expand their revenue base beyond connectivity. Calix access innovation helps service providers transform their networks from circuit to packet, narrowband to broadband, and copper to fiber. Calix has deployed millions of ports and tens of thousands of systems into hundreds of service provider networks throughout North America. For more information, visit the Calix website at www.calix.com.

This press release may contain forward-looking statements that are based upon management's current expectations and are inherently uncertain. Forward-looking statements are based upon information available to us as of the date of this release and we assume no obligation to revise or update any such forward looking statement to reflect any event or circumstance after the date of this release. Actual results and the timing of events could differ materially from current expectations.

SOURCE: Calix

Engage PR 
Neila Matheny, 805-886-7761 
nmatheny@engagepr.com

About Metalink

Metalink Ltd. (NASDAQ: MTLK) is a leading provider of high performance broadband communication silicon solutions. Metalink's WLAN and DSL technologies are designed to enable true broadband connectivity in every home, and its products revolutionize the broadband experience by facilitating the convergence of telecommunication, networking and entertainment.

Metalink's WLANPlus(TM) is a high-throughput, 802.11n-draft-compliant wireless LAN technology optimized for the networked home entertainment environment. Featuring advanced MIMO technology and full support of QoS, and operating in both 2.4GHz and 5GHz bands, WLANPlus enables multi-room networking of multiple high-definition video streams. In addition, Metalink offers a broad range of symmetric DSL and VDSL products used by operators as a cost-effective network upgrade to support triple-play services.

Further information is available at http://www.MTLK.com

Safe Harbor Statement

This press release contains "forward looking statements" within the meaning of the United States securities laws. Words such as "aim," "expect," "estimate," "project," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believe," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. For example, when we discuss our expectation regarding future revenues or the review of strategic options, we are using a forward looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to: our need to raise additional funds in order for us to implement our current business plan, including our liquidity requirements, which funds may not be available to us; any unforeseen developmental or technological difficulties with regard to our products; changes in the competitive landscape, including new competitors or the impact of competitive pricing and products; and the impact on revenues of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism. Additional factors that could cause actual results to differ materially from these forward-looking statements are set forth from time to time in Metalink's filings with the Securities and Exchange Commission, including Metalink's Annual Report in Form F-20. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. The Company cannot guarantee future results, events, and levels of activity, performance, or achievements.

    Yuval Ruhama,
    CFO,
    Metalink Ltd.,
    Tel: +972-9-9605395,
    Fax: +972-9-9605544,
    yuvalr@MTLK.com .

SOURCE Metalink Ltd