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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001178913-04-000938.txt : 20040707
<SEC-HEADER>0001178913-04-000938.hdr.sgml : 20040707
<ACCEPTANCE-DATETIME>20040707070326
ACCESSION NUMBER:		0001178913-04-000938
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040707
FILED AS OF DATE:		20040707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILICOM LTD
		CENTRAL INDEX KEY:			0000916793
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER COMMUNICATIONS EQUIPMENT [3576]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23288
		FILM NUMBER:		04903516

	BUSINESS ADDRESS:	
		STREET 1:		08 HANAGAR ST
		CITY:			KFAR-SAVA ISRAEL
		STATE:			L3
		ZIP:			44000
		BUSINESS PHONE:		97297644555

	MAIL ADDRESS:	
		STREET 1:		P.O.BOX 2164
		CITY:			KFAR-SAVA
		STATE:			L3
		ZIP:			44000
</SEC-HEADER>
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<TYPE>6-K
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     <!-- Control Number: 40870                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Silicom Ltd                                                      -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>6-K</TITLE>
</HEAD>
<BODY>
<!-- MARKER FORMAT-SHEET="Scotch Rule Top-TNR" FSL="Workstation" -->
<HR ALIGN=LEFT WIDTH=100%  SIZE=4 NOSHADE STYLE="margin-top: -5px">
<HR ALIGN=LEFT WIDTH=100%  SIZE=1 NOSHADE STYLE="margin-top: -10px">
<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>SECURITIES AND
EXCHANGE COMMISSION</B> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>WASHINGTON, D.C. 20549 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 6-K </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>REPORT OF FOREIGN
PRIVATE ISSUER </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>PURSUANT TO RULE
13a-16 OR 15d-16 OF </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>THE SECURITIES
EXCHANGE ACT OF 1934 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><I>For the month of July,
2004</I></B> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Footnote Rule-TNR" FSL="Workstation" -->
<HR SIZE="1" NOSHADE WIDTH="15%" ALIGN="CENTER">

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5>SILICOM LTD. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Translation of Registrant&#146;s name into English) </FONT></P>

<!-- MARKER FORMAT-SHEET="Footnote Rule-TNR" FSL="Workstation" -->
<HR SIZE="1" NOSHADE WIDTH="15%" ALIGN="CENTER">

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>8 Hanagar St., P.O.Box
2164, Kfar-Sava 44425, Israel </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of Principal
Executive Offices) </FONT></P>

<!-- MARKER FORMAT-SHEET="Footnote Rule-TNR" FSL="Workstation" -->
<HR SIZE="1" NOSHADE WIDTH="15%" ALIGN="CENTER">

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </FONT></P>

<h1 align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form 20-F <FONT size="3" face="Wingdings">x
</font>         Form 40-F <FONT size="3" face="Wingdings">o
</font></FONT></h1>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark whether the registrant
by furnishing the information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934: </FONT></P>

<h1 align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Yes <FONT size="3" face="Wingdings">o
</font>               No <FONT size="3" face="Wingdings">x</font></FONT></h1>

<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Signature </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized. </FONT></P>




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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SILICOM  Ltd.<BR>
(Registrant)<BR><BR>
<BR>BY: /S/ Ilan Erez<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Ilan Erez<BR>Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: July
7<SUP>th</SUP>, 2004 </FONT></P>


<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><IMG SRC="logo.gif"></FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FOR IMMEDIATE RELEASE </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Sub 3 Left-TNR" FSL="Workstation" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>SILICOM
ADDS SSL ENCRYPTION TECHNOLOGY TO <BR>SECURITY APPLIANCE PRODUCT LINE</B></U> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Sub 1 Left-TNR" FSL="Workstation" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&#151;
To Cooperate With NetSecureOne In Development, Manufacturing, Marketing And Sales of SSL
Acceleration<BR>
Products, Receives Initial Purchase Order &#151;  </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&nbsp;KFAR
SAVA, Israel &#150; July 7, 2004 &#150; Silicom Ltd. (NASDAQ:SILCF)</B> today announced that
it has received an initial purchase order from NetSecureOne, a global provider of web
security and encryption solutions. This 250-card order is the first activity under the
framework of an agreement recently signed between the two companies under which Silicom
will cooperate with NetSecureOne in the marketing of current NetSecureOne&#146;s
NSCrypto&#153; SSL encryption cards, function as NetSecureOne&#146;s manufacturing partner
for these products, and mutually explore additional products involving the technologies of
both companies. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetSecureOne&#146;s
NSCrypto&#153; encryption boards are typically deployed in security appliances
side-by-side with Silicom&#146;s advanced connectivity adapters, both of which deliver a
throughput and performance boost to mission-critical systems. NetSecureOne&#146;s boards
work by offloading data encryption tasks from server CPUs, while Silicom&#146;s Multiport
Gigabit Ethernet adapters enhance network connectivity options, increasing data transfer
potential speeds and offloading checksum and TCP segmentation tasks. Having added
NetSecureOne&#146;s encryption technology to its product portfolio, Silicom is now
positioned as a one-stop-shop provider of comprehensive security appliance
performance-enhancement solutions. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Throughout
the agreement&#146;s term, NetSecureOne will grant Silicom the exclusive right to sell
NSCrypto&#153; boards in the U.S. and other geographic regions, and to manufacture the
cards that it sells. In addition, the intention of the parties is that Silicom will become
NetSecureOne&#146;s manufacturing partner for NSCrypto&#153; boards as well as other
products which the parties may decide to launch jointly. </FONT></P>

<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;As
a best-in-class SSL encryption product line and an excellent complement to our Security
Appliance connectivity solutions, we are proud to add NSCrypto&#153; technology to our
product portfolio,&#148; said Shaike Orbach, Silicom&#146;s President and CEO. &#147;We
believe our positioning as a one-stop-provider of specialized performance-enhancement
solutions will give us an advantage in our efforts to penetrate major OEM security
appliance manufacturers and other target customers. In addition, we are pleased to have
received the first purchase order for these high end cards and to begin manufacturing
them, a development that will increase our strategic depth and that may have a positive
impact on our revenues.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent Lv 0- TNR" FSL="Workstation" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.
          Jerome Fougerat, President and CEO of NetSecureOne, added, &#147;This is a
          winning deal on all fronts. By taking advantage of Silicom&#146;s marketing
          reach, we hope to expand the sales of our NSCrypto&#153; cards. At the same
          time, having Silicom, a firm with exceptional networking and manufacturing
          expertise, as a partner will accelerate our ability to jointly launch innovative
          new solutions and reduce the manufacturing costs of both current and potential
          products.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Footnote Rule-TNR" FSL="Workstation" -->
<HR SIZE="1" NOSHADE WIDTH="15%" ALIGN="CENTER">

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<p ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>About Silicom </B></U><BR>
Silicom Ltd. is an industry-leading
provider of communications connectivity solutions and advanced enabling technologies,
making it the preferred time-to-market and performance partner to many of the
industry&#146;s significant players. With core expertise in high performance, innovative
technologies for networking and operating systems, the Company develops high-performance
networking solutions for manufacturers of storage, Internet traffic management, security,
and other types of server-based systems characterized by multi-port high-performance
environments. Silicom also offers an extensive range of PC Cards, PCI cards and USB
products. For more information, please visit <U>www.silicom.co.il</U>. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<p ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>About NetSecureOne </B></U><BR>
Created in 1998, NetSecureOne is a
France-based specialist in integrated hardware- and software-based security systems for
Web Application Security (WAS) and Security Log Analysis and Management (Security
Information Management, or SIM). Its fast-ROI interoperable products include NSWeb&#153;,
NSBox&#153; , and NSCrypto&#153; for assuring the security of Web/HTTP applications;
NSMail&#153; for protecting message servers; NSLog for monitoring, analyzing, controlling
and correlating network security event logs; and NSSign&#153; for controlling file
integrity on critical servers. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For more information, please visit
<U>www.netsecureone.com.</U> </FONT></P>

<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Statements in this press release
which are not historical data are forward-looking statements which involve known and
unknown risks, uncertainties, or other factors not under the Company&#146;s control, which
may cause actual results, performance, or achievements of the Company to be materially
different from the results, performance, or other expectations implied by these
forward-looking statements. These factors include, but are not limited to, those detailed
in the Company&#146;s periodic filings with the Securities and Exchange Commission. The
Company disclaims any duty to update such statements. </FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Contacts:<BR>
Ilan Erez<BR>
Silicom<BR>
+972-9-764-4555<BR>
ilane@silicom.co.il</B> </FONT>
</P>


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end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
