Plunges after loss of largest cloud customer

Silicom

13/03/2018 20:49

** Shares of Israel-based cloud computing firm  SILC.O  down
28 pct at $29.40 in after-hours trading
    ** Co says its largest cloud customer decided to cancel the
new cloud infrastructure architecture for which it had ordered
Silicom's products 
    ** " While we are obviously disappointed with the customer's
decision, we are encouraged by the technological success of the
highly complex product that we developed for them," - CEO Shaike
Orbach 
    ** SILC says the cancellation was unrelated to its products
 urn:newsml:reuters.com:*:nPn7CN9Gqa
    ** Up to Tuesday's close, stock had fallen 42 pct YTD

 (Reporting by Laharee Chatterjee)
 ((Messaging:
Laharee.Chatterjee.thomsonreuters.com@reuters.net))