FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Chandra Rob   2. Issuer Name and Ticker or Trading Symbol Mellanox Technologies, Ltd. [MLNX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 535 MIDDLEFIELD ROAD, SUITE 245 3. Date of Earliest Transaction (Month/Day/Year) 11/01/2007 (Street) MENLO PARK, CA 94025 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Ordinary Shares 11/01/2007   S   42,500 (1) D $ 23.382 251,359 I See Note (2) Ordinary Shares 11/02/2007   S   9,600 (3) D $ 23.5475 241,759 (4) I See Note (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Chandra Rob 535 MIDDLEFIELD ROAD SUITE 245 MENLO PARK, CA 94025	X

Signatures

/s/ Rob Chandra		11/05/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Represents sales of (i) 15,092 ordinary shares held by Bessec Ventures V L.P., (ii) 2,550 ordinary shares held by Bessemer Venture Investors III L.P., (iii) 13,383 ordinary shares held by Bessemer Venture Partners V L.P., (iv) 5,100 ordinary shares held by BIP 2001 L.P., (v) 6,006 ordinary shares held by BVE 2001 (Q) LLC and (vi) 369 ordinary shares held by BVE 2001 LLC.
(2)	Ordinary shares are held by Bessec Ventures V L.P., Bessemer Venture Partners V L.P., BVE 2001 (Q) LLC, BIP 2001 L.P., Bessemer Venture Investors III L.P. and BVE 2001 LLC, respectively. The general partner of each of the Bessemer-related entities that owns ordinary shares of the Issuer is Deer V & Co. LLC. Robert Goodman, Robin S. Chandra, J. Edmund Colloton and David J. Cowan are the managing members of Deer V & Co. LLC and share voting and dispositive power over the ordinary shares of the Issuer held by the Bessemer-related entities. Mr. Chandra disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
(3)	Represents sales of (i) 3,409 ordinary shares held by Bessec Ventures V L.P., (ii) 576 ordinary shares held by Bessemer Venture Investors III L.P., (iii) 3,023 ordinary shares held by Bessemer Venture Partners V L.P., (iv) 1,152 ordinary shares held by BIP 2001 L.P., (v) 1,357 ordinary shares held by BVE 2001 (Q) LLC and (vi) 83 ordinary shares held by BVE 2001 LLC.
(4)	Includes (i) 85,850 ordinary shares held by Bessec Ventures V L.P., (ii) 14,504 ordinary shares held by Bessemer Venture Investors III L.P., (iii) 76,131 ordinary shares held by Bessemer Venture Partners V L.P., (iv) 29,011 ordinary shares held by BIP 2001 L.P., (v) 34,167 ordinary shares held by BVE 2001 (Q) LLC and (vi) 2,096 ordinary shares held by BVE 2001 LLC.

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