February 21, 2007

PCTEL Posts $20.7 Million in Fourth Quarter Revenue

$86.6 Million in 2006 Revenue

CHICAGO, Feb 21, 2007 (BUSINESS WIRE) -- PCTEL, Inc. (NASDAQ:PCTI), a leader in wireless broadband solutions, announced results for the fourth quarter ended December 31, 2006 and for the entire year. Financial highlights of the quarter were:

-- $86.6 million in 2006 revenue compared to $77.7 million in 2005. 2006 revenues include a one-time intellectual property settlement of $7.0 million.

-- $20.7 million in revenue for the quarter, a decrease of 9 percent over the same period last year. Sales of scanners and software experienced strong growth, while antenna products declined.

-- $17.6 million in revenue for the quarter from the Broadband Technology Group. An increase in scanner sales was offset by lower antenna revenue resulting in a decrease of 10 percent compared to the fourth quarter last year. Revenue for the year was down 1 percent from 2005.

-- $2.6 million in revenue for the quarter from the Mobility Solutions Group. This is an increase of 7 percent over the fourth quarter last year. Revenue for the year was up 41 percent over 2005.

-- $0.5 million in licensing revenue for the quarter, a decrease of $0.4 million from the fourth quarter last year. Licensing revenue for the year was $8.7 million, included a $7.0 million one-time intellectual property settlement, compared to $2.3 million in the prior year.

-- GAAP net loss of $(10.0) million for the year, or $(0.48) per diluted share. This compares to a $(3.7) million net loss or $(0.18) per share in 2005. 2006 included $20.7 million of intangible impairments and restructuring expenses both related to the closure of its manufacturing operations in Ireland.

-- GAAP net income of $6.6 million for the quarter, or $0.30 per diluted share, compared to $(0.2) million net loss, or $(0.01) per share for the same period in 2005. The fourth quarter 2006 and the year included a one time favorable non cash adjustment of $5.2 million to the company's income tax accrual.

-- Non-GAAP net income for the year was $13.6 million or $0.63 per diluted share compared to $4.4 million or $0.21 per diluted share in the prior year. The Company's reporting of non-GAAP income excludes expenses for restructuring, stock based compensation, amortization and impairment of intangible assets and goodwill related to the Company's acquisitions, and the reversal of a non cash income tax accrual.

-- Non-GAAP net income of $3.3 million for the quarter, or $0.15 per diluted share compared to $2.2 million of net income, or $0.11 per share for the same period in 2005.

-- $69.9 million of cash net of debt at December 31, 2006, an increase of $0.5 million from the third quarter this year. The company repurchased 0.2 million shares in the quarter for $2.1 million under its share repurchase plan. The shares were purchased at an average price of $9.40.

"Our operating results reflect stronger gross margins out of the Broadband Technology Group, continued growth of the Mobility Solutions Group software business, and the success of our scanning receivers in the carrier market," said Marty Singer, PCTEL's Chairman and CEO. "In 2007, we anticipate that stronger antenna sales will complement our growth in scanners and software. We are excited about the traction that the Mobility Solutions Group has achieved globally and the dominance of our scanning solutions in the OEM test and measurement market. PCTEL should benefit from the deployment of high-bandwidth wireless networks and an increase in worldwide cellular data and IMS subscribers," added Singer.

PCTEL's management team will discuss the company's results and its recent reorganization during its scheduled earnings teleconference today at 6:15 PM EST.

CONFERENCE CALL / WEBCAST

The company will hold a conference call at 6:15 PM EST (5:15 PM CST) today, Wednesday, February 21, 2007 with Marty Singer, Chairman and Chief Executive Officer, and John Schoen, Chief Financial Officer. PCTEL will not be responding to inquiries regarding its financial results until the conference call. The session can be accessed by calling (800) 289-0533 (U.S. / Canada) or (913) 981-5525 (international).

To listen via the Internet, please visit, www.pctel.com, or http://investor.pctel.com/eventdetail.cfm?eventid=34784

REPLAY: A replay will be available for two weeks after the call on PCTEL's web site at www.pctel.com or by calling (888) 203-1112 (U.S. / Canada) or (719) 457-0820 (international) access code: 2126423.

About PCTEL

PCTEL, Inc. (Nasdaq:PCTI), which is headquartered in Chicago, is a global leader in wireless broadband solutions. The company's Broadband Technology Group (BTG) includes Antenna Products and RF Solutions. PCTEL's BTG designs, distributes, and supports innovative antenna solutions for public safety applications, unlicensed and licensed wireless broadband, fleet management, network timing, and other GPS applications. Its portfolio of OEM receivers, receiver based products and interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL's Mobility Solutions' software tools provide secure, access independent, remote connectivity to the Internet and IMS services for converged handsets.

The company's products are sold or licensed to wireless carriers, wireless ISPs, distributors, system integrators, wireless test and measurement companies, wireless network equipment, handset manufacturers, and government agencies. PCTEL protects its technology with a strong intellectual property portfolio and broad cross-licensing agreements. For more information, please visit the company's web site at: http://www.pctel.com.

PCTEL Safe Harbor Statement

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Specifically, the statements regarding PCTEL's expectations regarding the future growth of its broadband wireless products and software solutions are forward looking statements within the meaning of the safe harbor. These statements are based on management's current expectations and actual results may differ materially from those projected as a result of certain risks and uncertainties, including the ability to successfully grow the wireless products business and the ability to implement new technologies and obtain protection for the related intellectual property. These and other risks and uncertainties are detailed in PCTEL's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and PCTEL disclaims any obligation to update or revise the information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.

                             PCTEL, Inc.

           Consolidated Condensed Statements of Operations
       (unaudited, in thousands, except per share information)


                                   Three Months       Twelve Months
                                        Ended              Ended
                                    December 31,       December 31,
                                 ----------------- -------------------
                                    2006     2005      2006      2005
                                 -------- -------- --------- ---------

REVENUES                         $20,712  $22,794  $ 86,562  $ 77,746
COST OF REVENUES                   9,827   12,107    39,990    40,878
                                 -------- -------- --------- ---------
GROSS PROFIT                      10,885   10,687    46,572    36,868
                                 -------- -------- --------- ---------
OPERATING EXPENSES:
  Research and development         3,932    2,548    13,762    10,015
  Sales and marketing              3,322    3,388    13,287    13,074
  General and administrative       3,259    4,700    14,127    16,836
  Amortization of other
   intangible assets                 751    1,170     3,593     4,137
  Impairment of goodwill and
   intangible assets                  --       --    20,349        --
  Restructuring charges
   (benefit)                         (35)      --       389       (70)
  Gain on sale of assets and
   related royalties                (250)    (500)   (1,000)   (2,100)
                                 -------- -------- --------- ---------
       Total operating expenses   10,979   11,306    64,507    41,892
                                 -------- -------- --------- ---------
LOSS FROM OPERATIONS                 (94)    (619)  (17,935)   (5,024)
OTHER INCOME, NET                    945      502     3,303     1,546
                                 -------- -------- --------- ---------
INCOME (LOSS) BEFORE PROVISION
 (BENEFIT)                           851     (117)  (14,632)   (3,478)
BEFORE INCOME TAXES
PROVISION (BENEFIT) FOR INCOME
 TAXES                            (5,748)      39    (4,613)      235
                                 -------- -------- --------- ---------
NET INCOME (LOSS)                $ 6,599  $  (156) $(10,019) $ (3,713)
                                 ======== ======== ========= =========

Basic income (loss) per share    $  0.31  $ (0.01) $  (0.48) $  (0.18)
Shares used in computing basic
 income (loss)                    20,976   20,257    20,810    20,146
per share
Diluted income (loss) per share  $  0.30  $ (0.01) $  (0.48) $  (0.18)
Shares used in computing diluted
 income (loss)                    21,637   20,257    20,810    20,146

                              PCTEL Inc.

                Consolidated Condensed Balance Sheets
                            (in thousands)
                                            December 31,  December 31,
                                               2006          2005
                                           ------------- -------------

   ASSETS
CURRENT ASSETS:
  Cash and cash equivalents                $     70,771  $     58,307
  Restricted cash                                    --           208
  Accounts receivable, net                       14,034        13,725
  Inventories, net                                7,258         9,547
  Prepaid expenses and other assets               2,059         3,109
                                            ------------  ------------
         Total current assets                    94,122        84,896
PROPERTY AND EQUIPMENT, net                      12,357        11,190
GOODWILL                                         17,569        31,020
OTHER INTANGIBLE ASSETS, net                      7,451        16,457
OTHER ASSETS                                      1,221           941
                                           ------------- -------------
TOTAL ASSETS                               $    132,720  $    144,504
                                           ============= =============

   LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Accounts payable                                  885         2,251
  Income taxes payable                               59         5,297
  Deferred revenue                                1,025         1,944
  Accrued liabilities                             6,905         5,595
  Short term debt                                   869            --
                                           ------------- -------------
         Total current liabilities                9,743        15,087
Pension liabilities                                  --         3,046
LONG-TERM LIABILITIES                             2,284         2,344
                                           ------------- -------------
         Total liabilities                       12,027        20,477
                                           ------------- -------------

STOCKHOLDERS' EQUITY:
  Common stock                                       22            22
  Additional paid-in capital                    165,556       160,825
  Accumulated deficit                           (46,671)      (36,652)
  Accumulated other comprehensive income          1,786          (168)
                                            ------------ -------------
         Total stockholders' equity             120,693       124,027
                                           ------------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $    132,720  $    144,504
                                           ============= =============

                             PCTEL, Inc.

                  Revenue & Gross Profit by Segment
                            (in thousands)

                                   Three Months       Twelve Months
                                      Ended               Ended
                                   December 31,        December 31,
                               ------------------- -------------------

                                 2006      2005      2006      2005
                               --------- --------- -------- ----------
REVENUES:
------------------------------
Broadband Technology Group     $ 17,648  $ 19,514  $68,195  $  68,592
Mobility Solutions Group          2,602     2,432    9,793      6,922
Licensing                           472       868    8,681      2,289
Eliminations                        (10)      (20)    (107)       (57)
                               --------- --------- -------- ----------
TOTAL REVENUES                   20,712    22,794   86,562     77,746

GROSS PROFIT:
------------------------------
Broadband Technology Group     $  7,823  $  7,405  $28,173  $  27,827
Mobility Solutions Group          2,586     2,424    9,739      6,834
Licensing                           469       864    8,658      2,207
Eliminations                          7        (6)       2         --
                               --------- --------- -------- ----------
TOTAL GROSS PROFIT               10,885    10,687   46,572     36,868

GROSS PROFIT %:
------------------------------
Broadband Technology Group         44.3%     37.9%    41.3%      40.6%
Mobility Solutions Group           99.4%     99.7%    99.4%      98.7%
Licensing                          99.4%     99.5%    99.7%      96.4%
Eliminations                         --        --       --         --
                                --------  --------  -------  ---------
TOTAL GROSS PROFIT %               52.6%     46.9%    53.8%      47.4%

                             PCTEL, Inc.

 Reconciliation of Non-GAAP to GAAP Revenue & Gross Profit by Segment
----------------------------------------------------------------------
                      (unaudited, in thousands)



                                  Three Month Ended December 31, 2006
                                  ------------------------------------
                                     As       Non-GAAP          Non
                                   Reported  Adjustments (a)    GAAP
                                  --------- ------------ ---- -------
REVENUES:
--------------------------------
Broadband Technology Group          17,648                    17,648
Mobility Solutions Group             2,602                     2,602
Licensing                              472                       472
Eliminations                           (10)                      (10)
                                  ---------                   -------
TOTAL REVENUES                      20,712                    20,712
                                  ---------                   -------

GROSS PROFIT:
--------------------------------
Broadband Technology Group           7,823           73        7,896
Mobility Solutions Group             2,586                     2,586
Licensing                              469                       469
Eliminations                             7                         7
                                  --------- ------------      -------
TOTAL GROSS PROFIT                  10,885           73       10,958
                                  --------- ------------      -------

GROSS PROFIT %:
--------------------------------
Broadband Technology Group            44.3%                     44.7%
Mobility Solutions Group              99.4%                     99.4%
Licensing                             99.4%                     99.4%
Eliminations                            --                        --
                                  ---------                   -------
TOTAL GROSS PROFIT %                  52.6%                     52.9%
                                  =========                   =======




                                   Three Month Ended December 31, 2005
                                   -----------------------------------
                                      As       Non-GAAP          Non
                                    Reported  Adjustments (a)    GAAP
                                   --------- ------------ ---- -------
REVENUES:
---------------------------------
Broadband Technology Group           19,514                    19,514
Mobility Solutions Group              2,432                     2,432
Licensing                               868                       868
Eliminations                            (20)                      (20)
                                   ---------                   -------
TOTAL REVENUES                       22,794                    22,794
                                   ---------                   -------

GROSS PROFIT:
---------------------------------
Broadband Technology Group            7,405           81        7,486
Mobility Solutions Group              2,424                     2,424
Licensing                               864                       864
Eliminations                             (6)                       (6)
                                   --------- ------------      -------
TOTAL GROSS PROFIT                   10,687           81       10,768
                                   --------- ------------      -------

GROSS PROFIT %:
---------------------------------
Broadband Technology Group             37.9%                     38.4%
Mobility Solutions Group               99.7%                     99.7%
Licensing                              99.5%                     99.5%
Eliminations                             --                        --
                                   ---------                   -------
TOTAL GROSS PROFIT %                   46.9%                     47.2%
                                   =========                   =======



(a) This adjustment reflects the non-cash stock based compensation
 expense for restricted grants and stock bonuses awarded to the
 Company's employees. The adjustment for the three months ended
 December 31, 2006 also includes non-cash stock based compensation
 expense for stock options in accordance with SFAS No. 123R.

                             PCTEL, Inc.

 Reconciliation of Non-GAAP to GAAP Revenue & Gross Profit by Segment
----------------------------------------------------------------------
                      (unaudited, in thousands)



                                 Twelve Months Ended December 31, 2006
                                 -------------------------------------
                                     As        Non-GAAP          Non
                                  Reported   Adjustments  (a)   GAAP
                                 ----------- ------------ ---- -------
REVENUES:
-------------------------------
Broadband Technology Group           68,195                    68,195
Mobility Solutions Group              9,793                     9,793
Licensing                             8,681                     8,681
Eliminations                           (107)                     (107)
                                 -----------                   -------
TOTAL REVENUES                       86,562                    86,562
                                 -----------                   -------

GROSS PROFIT:
-------------------------------
Broadband Technology Group           28,173          331       28,504
Mobility Solutions Group              9,739                     9,739
Licensing                             8,658                     8,658
Eliminations                              2                         2
                                 ----------- ------------      -------
TOTAL GROSS PROFIT                   46,572          331       46,903
                                 ----------- ------------      -------

GROSS PROFIT %:
-------------------------------
Broadband Technology Group             41.3%                     41.8%
Mobility Solutions Group               99.4%                     99.4%
Licensing                              99.7%                     99.7%
Eliminations                             --                        --
                                 -----------                   -------
TOTAL GROSS PROFIT %                   53.8%                     54.2%
                                 ===========                   =======



                                     Twelve Months December 31, 2005
                                   -----------------------------------
                                      As       Non-GAAP          Non
                                    Reported  Adjustments (a)    GAAP
                                   --------- ------------ ---- -------
REVENUES:
----------------------------------
Broadband Technology Group           68,592                    68,592
Mobility Solutions Group              6,922                     6,922
Licensing                             2,289                     2,289
Eliminations                            (57)                      (57)
                                   ---------                   -------
TOTAL REVENUES                       77,746                    77,746
                                   ---------                   -------

GROSS PROFIT:
----------------------------------
Broadband Technology Group           27,827          164       27,991
Mobility Solutions Group              6,834                     6,834
Licensing                             2,207                     2,207
Eliminations                             --                        --
                                   --------- ------------      -------
TOTAL GROSS PROFIT                   36,868          164       37,032
                                   --------- ------------      -------

GROSS PROFIT %:
----------------------------------
Broadband Technology Group             40.6%                     40.8%
Mobility Solutions Group               98.7%                     98.7%
Licensing                              96.4%                     96.4%
Eliminations                             --                        --
                                   ---------                   -------
TOTAL GROSS PROFIT %                   47.4%                     47.6%
                                   =========                   =======



(a) This adjustment reflects the non-cash stock based compensation
 expense for restricted grants and stock bonuses awarded to the
 Company's employees. The adjustment for the twelve months ended
 December 31, 2006 also includes non-cash stock based compensation
 expense for stock options in accordance with SFAS No. 123R.

                             PCTEL, Inc.

     Reconciliation Of Non GAAP To GAAP Results Of Operations (a)
----------------------------------------------------------------------
                      (unaudited, in thousands)


                                  Three Month Ended December 31, 2006
                                  -----------------------------------
                                      As       Non-GAAP        Non
                                   Reported  Adjustments (a)  GAAP
                                  ---------- ------------   ---------
REVENUES                            $20,712                  $20,712
COST OF REVENUES                      9,827          (73)(b)   9,754
                                  ---------- ------------   ---------
GROSS PROFIT                         10,885           73      10,958
OPERATING EXPENSES:
  Research and development            3,932         (158)(b)   3,774
  Sales and marketing                 3,322         (227)(b)   3,095
  General and administrative          3,259         (720)(b)   2,539
  Amortization of other intangible
   assets                               751         (751)         --
  Impairment of intangible assets        --           --          --
  Restructuring charges                 (35)          35          --
  Gain on sale of assets and
   related royalties                   (250)                    (250)
                                  ---------- ------------   ---------
      Total operating expenses       10,979       (1,821)      9,158
                                  ---------- ------------   ---------
INCOME (LOSS) FROM OPERATIONS           (94)       1,894       1,800
OTHER INCOME, NET                       945                      945
                                  ---------- ------------   ---------
INCOME (LOSS) BEFORE INCOME TAXES       851        1,894       2,745
PROVISION (BENEFIT) FOR INCOME
 TAXES                               (5,748)       5,235 (c)    (513)
                                  ---------- ------------   ---------
NET INCOME (LOSS)                    $6,599      $(3,341)     $3,258
                                  ---------- ------------   ---------

Earnings (loss) per share
     Basic                            $0.31                    $0.16
     Diluted                          $0.30                    $0.15
Shares used in computing EPS (in
 thousands)
     Basic                           20,976                   20,976
     Diluted                         21,637                   21,637



                                  Three Month Ended December 31, 2005
                                  ------------------------------------
                                       As        Non-GAAP       Non
                                    Reported    Adjustments(a)  GAAP
                                  ------------ ------------   --------
REVENUES                              $22,794                 $22,794
COST OF REVENUES                       12,107          (81)(b) 12,026
                                  ------------ ------------   --------
GROSS PROFIT                           10,687           81     10,768
OPERATING EXPENSES:
  Research and development              2,548          (97)(b)  2,451
  Sales and marketing                   3,388         (240)(b)  3,148
  General and administrative            4,700         (768)     3,932
  Amortization of other intangible
   assets                               1,170       (1,170)        --
  Impairment of intangible assets          --                      --
  Restructuring charges                    --                      --
  Gain on sale of assets and
   related royalties                     (500)                   (500)
                                  ------------ ------------   --------
      Total operating expenses         11,306       (2,275)     9,031
                                  ------------ ------------   --------
INCOME (LOSS) FROM OPERATIONS            (619)       2,356      1,737
OTHER INCOME, NET                         502                     502
                                  ------------ ------------   --------
INCOME (LOSS) BEFORE INCOME TAXES        (117)       2,356      2,239
PROVISION (BENEFIT) FOR INCOME
 TAXES                                     39                      39
                                  ------------ ------------   --------
NET INCOME (LOSS)                       $(156)      $2,356     $2,200
                                  ------------ ------------   --------

Earnings (loss) per share
     Basic                             $(0.01)                  $0.11
     Diluted                           $(0.01)                  $0.11
Shares used in computing EPS (in
 thousands)
     Basic                             20,257                  20,257
     Diluted                           20,257                  20,854


(a) These adjustments reconcile the company's GAAP results of
 operations to its non-GAAP results of operations. The company
 believes that presentation of results excluding items such as non-
 cash compensation expense, amortization of intangible assets,
 impairment of intangible assets, restructuring expense, and other
 one-time adjustments provides meaningful supplemental information to
 both management and investors that is indicative of the company's
 core operating results and facilitates comparison of operating
 results across reporting periods. The company uses these non-GAAP
 measures when evaluating its financial results as well as for
 internal planning and forecasting purposes. These non-GAAP measures
 should not be viewed as a substitute for the company's GAAP results.

(b) This adjustment reflects the non-cash stock based compensation
 expense for restricted grants and stock bonuses awarded to the
 company's employees. The adjustment for the three months ended
 December 31, 2006 also includes non-cash stock based compensation
 expense for stock options in accordance with SFAS No. 123R.

(c) This adjustment reflects a one-time non-cash adjustment to the
 company's income tax accruals.

                             PCTEL, Inc.

     Reconciliation Of Non GAAP To GAAP Results Of Operations (a)
----------------------------------------------------------------------
                      (unaudited, in thousands)


                                 Twelve Months Ended December 31, 2006
                                 -------------------------------------
                                      As        Non-GAAP        Non
                                   Reported   Adjustments (a)   GAAP
                                 ------------ ------------    --------
REVENUES                             $86,562                  $86,562
COST OF REVENUES                      39,990         (331)(b)  39,659
                                 ------------ ------------    --------
GROSS PROFIT                          46,572          331      46,903
OPERATING EXPENSES:
  Research and development            13,762         (630)(b)  13,132
  Sales and marketing                 13,287         (873)(b)  12,414
  General and administrative          14,127       (2,668)(b)  11,459
  Amortization of other
   intangible assets                   3,593       (3,593)         --
  Impairment of intangible assets     20,349      (20,349)         --
  Restructuring charges (benefit)        389         (389)         --
  Gain on sale of assets and
   related royalties                  (1,000)                  (1,000)
                                 ------------ ------------    --------
           Total operating
            expenses                  64,507      (28,502)     36,005
                                 ------------ ------------    --------
INCOME (LOSS) FROM OPERATIONS        (17,935)      28,833      10,898
OTHER INCOME, NET                      3,303                    3,303
                                 ------------ ------------    --------
INCOME (LOSS) BEFORE INCOME TAXES    (14,632)      28,833      14,201
PROVISION (BENEFIT) FOR INCOME
 TAXES                                (4,613)       5,235 (c)     622
                                 ------------ ------------    --------
NET INCOME (LOSS)                   $(10,019)     $23,598     $13,579
                                 ------------ ------------    --------

Earnings (loss) per share
    Basic                             $(0.48)                   $0.65
    Diluted                           $(0.48)                   $0.63
Shares used in computing EPS (in
 thousands)
    Basic                             20,810                   20,810
    Diluted                           20,810                   21,512



                                    Twelve Months December 31, 2005
                                  -----------------------------------
                                      As       Non-GAAP        Non
                                   Reported  Adjustments (a)   GAAP
                                  ---------- ------------    --------
REVENUES                            $77,746                  $77,746
COST OF REVENUES                     40,878         (164)(b)  40,714
                                  ---------- ------------    --------
GROSS PROFIT                         36,868          164      37,032
OPERATING EXPENSES:
  Research and development           10,015         (309)(b)   9,706
  Sales and marketing                13,074         (812)(b)  12,262
  General and administrative         16,836       (2,766)(b)  14,070
  Amortization of other
   intangible assets                  4,137       (4,137)         --
  Impairment of intangible assets        --                       --
  Restructuring charges (benefit)       (70)          70          --
  Gain on sale of assets and
   related royalties                 (2,100)                  (2,100)
                                  ---------- ------------    --------
           Total operating
            expenses                 41,892       (7,954)     33,938
                                  ---------- ------------    --------
INCOME (LOSS) FROM OPERATIONS        (5,024)       8,118       3,094
OTHER INCOME, NET                     1,546                    1,546
                                  ---------- ------------    --------
INCOME (LOSS) BEFORE INCOME TAXES    (3,478)       8,118       4,640
PROVISION (BENEFIT) FOR INCOME
 TAXES                                  235                      235
                                  ---------- ------------    --------
NET INCOME (LOSS)                   $(3,713)      $8,118      $4,405
                                  ---------- ------------    --------

Earnings (loss) per share
    Basic                            $(0.18)                   $0.22
    Diluted                          $(0.18)                   $0.21
Shares used in computing EPS (in
 thousands)
    Basic                            20,146                   20,146
    Diluted                          20,146                   20,701


(a) These adjustments reconcile the company's GAAP results of
 operations to its non-GAAP results of operations. The company
 believes that presentation of results excluding items such as non-
 cash compensation expense, amortization of intangible assets,
 impairment of intangible assets, restructuring expense, and other
 one-time adjustments provides meaningful supplemental information to
 both management and investors that is indicative of the company's
 core operating results and facilitates comparison of operating
 results across reporting periods. The company uses these non-GAAP
 measures when evaluating its financial results as well as for
 internal planning and forecasting purposes. These non-GAAP measures
 should not be viewed as a substitute for the company's GAAP results.

(b) This adjustment reflects the non-cash stock based compensation
 expense for restricted grants and stock bonuses awarded to the
 company's employees. The adjustment for the twelve months ended
 December 31, 2006 also includes non-cash stock based compensation
 expense for stock options in accordance with SFAS No. 123R.

(c) This adjustment reflects a one-time non-cash adjustment to the
 company's income tax accruals.

SOURCE: PCTEL, Inc.

PCTEL, Inc.
John Schoen, 773-243-3000
CFO
or
Jack Seller, 773-243-3016
Public Relations
jack.seller@pctel.com

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