February 19, 2008

PCTEL Posts $19.1 Million in Q4 Revenue from Continuing Operations

$69.9 Million in Revenue from Continuing Operations for the Year

BLOOMINGDALE, Ill., Feb 19, 2008 (BUSINESS WIRE) -- PCTEL, Inc. (NASDAQ:PCTI), a leader in propagation and optimization solutions for the wireless industry, announced results for the fourth quarter ended December 31, 2007 and for the entire year. During the fourth quarter the company announced the sale of its Mobility Solutions software group (MSG). The transaction closed on January 4, 2008. The company's financial statements have been revised to reflect MSG as a discontinued operation.

Fourth Quarter Financial Highlights - Continuing Operations (excludes MSG)

-- $19.1 million in revenue from continuing operations for the quarter, an increase of 6 percent over the same period last year. The company posted a record quarter for scanning receiver sales.

-- Gross Profit from continuing operations of 49% versus 46 % in the same period last year.

-- GAAP Operating Profit from continuing operations of 7.7% as compared to negative (2.6) % in the same period last year.

-- Non-GAAP Operating Profit from continuing operations of 15.3% versus 6.6% in the same period last year. The Company's reporting of non-GAAP operating profit excludes expenses for restructuring, stock based compensation, amortization and impairment of intangible assets and goodwill related to the Company's acquisitions.

-- GAAP net income from continuing operations of $9.5 million for the quarter, or $0.46 per diluted share, compared to $6.4 million, or $0.30 per share for the same period in 2006. The fourth quarters of 2007 and 2006 include one-time non-cash adjustments to the company's income tax accruals and reserves of $7.9 million and $5.2 million, respectively.

-- Non-GAAP net income from continuing operations of $3.1 million for the quarter, or $0.15 per diluted share compared to $2.7 million of net income, or $0.13 per share for the same period in 2006. 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 non cash related income tax expense.

-- $65.5 million of cash and investments net of debt at December 31, 2007, an increase of $600,000 from the third quarter this year. On January 4, 2008 the MSG sale transaction closed and the company received $59.7 million in cash proceeds. The company expects to make a $20 million estimated tax payment in Q2 related to the transaction.

"The results from continuing operations suggest that we are making progress on all fronts," said Marty Singer, PCTEL's Chairman and CEO. "During the past two years, we have exited businesses that did not contribute or were not consistent with our long-term growth strategy. We believe that our sharpened focus will continue to propel growth, improve operational effectiveness, and enhance shareholder value. As we enter 2008, we anticipate continued progress with our WiMax, GPS, and SeeGull(R) product portfolios and new applications for our land mobile radio antennas," added Singer.

Fourth Quarter Financial Highlights - Discontinued Operations (MSG)

-- GAAP net loss from discontinued operations was $(171,000) in the quarter, or $(0.01) per diluted share, compared to net income of $218,000, or $0.01 per share for the same period in 2006.

-- Non-GAAP net income from discontinued operations was $414,000 in the quarter, or $0.02 per diluted share, compared to $599,000, or $0.03 per share for the same period in 2006. 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 non-cash related income tax expense.

PCTEL's management team will discuss the company's results during its scheduled earnings teleconference today at 6:15 PM EST. Management will host the call from their new corporate headquarters in Bloomingdale, Illinois.

CONFERENCE CALL / WEBCAST

The company will hold a conference call at 6:15 PM EST (5:15 PM CST) today, Tuesday February 19, 2008 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 (888) 211-4461 (U.S. / Canada) or (913) 312-0972 (international).

To listen via the Internet, please visit, www.pctel.com, or http://investor.pctel.com/events.cfm.

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: 4932970.

About PCTEL

PCTEL, Inc. (NASDAQ: PCTI), is a global leader in propagation and optimization solutions for the wireless industry. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions. PCTEL's MAXRAD(R) antenna solutions address public safety applications, unlicensed and licensed wireless broadband, fleet management, and network timing. Its portfolio includes a broad range of antennas for WiMAX, Land Mobile Radio, GPS, telemetry, RFID, WiFi, indoor cellular, and mesh networks. The company's SeeGull(R) scanning receivers, receiver-based products and CLARIFY(R) interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL's products are sold worldwide through direct and indirect channels. For more information, please visit the company's web site at: 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 sales growth and leveraging its customer base and technology investments 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 Ended        Year Ended
                               December 31,          December 31,
                           --------------------- ---------------------
                              2007       2006       2007       2006
                           ---------- ---------- ---------- ----------

REVENUES                     $19,147    $18,110    $69,888    $76,768
COST OF REVENUES               9,730      9,811     37,827     39,929
                           ---------- ---------- ---------- ----------
GROSS PROFIT                   9,417      8,299     32,061     36,839
                           ---------- ---------- ---------- ----------
OPERATING EXPENSES:
  Research and development     2,223      2,668      9,605      9,169
  Sales and marketing          2,489      2,675     10,723     10,993
  General and
   administrative              2,954      2,963     12,652     13,068
  Amortization of other
   intangible assets             408        751      1,987      3,593
  Impairment of goodwill
   and intangible assets          --         --         --     20,349
  Restructuring charges          115        (35)     2,038        389
  Gain on sale of assets
   and related royalties        (250)      (250)    (1,000)    (1,000)
                           ---------- ---------- ---------- ----------
    Total operating
     expenses                  7,939      8,772     36,005     56,561
                           ---------- ---------- ---------- ----------
INCOME (LOSS) FROM
 CONTINUING OPERATIONS         1,478       (473)    (3,944)   (19,722)
OTHER INCOME, NET                211        945      2,831      3,303
                           ---------- ---------- ---------- ----------
INCOME (LOSS) FROM
 CONTINUING OPERATIONS
 BEFORE INCOME TAXES           1,689        472     (1,113)   (16,419)
(BENEFIT) FOR INCOME TAXES    (7,838)    (5,909)    (7,226)    (5,371)
                           ---------- ---------- ---------- ----------
NET INCOME (LOSS) FROM
 CONTINUING OPERATIONS         9,527      6,381      6,113    (11,048)
                           ---------- ---------- ---------- ----------
NET INCOME (LOSS) FROM
 DISCONTINUED OPERATIONS,
 net of tax                     (171)       218        (82)     1,029
                           ---------- ---------- ---------- ----------
NET INCOME (LOSS)             $9,356     $6,599     $6,031   ($10,019)
                           ========== ========== ========== ==========

Basic Earnings per Share:
Income (Loss) from
 Continuing Operations         $0.46      $0.30      $0.29     ($0.53)
Income (Loss) Discontinued
 Operations                   ($0.01)     $0.01      $0.00      $0.05
Net Income (Loss)              $0.45      $0.31      $0.29     ($0.48)

Diluted Earnings per
 Share:
Income (Loss) from
 Continuing Operations         $0.46      $0.29      $0.29     ($0.53)
Income (Loss) Discontinued
 Operations                   ($0.01)     $0.01      $0.00      $0.05
Net Income (Loss)              $0.45      $0.30      $0.28     ($0.48)

Weighted average shares -
 Basic                        20,670     20,976     20,897     20,810
Weighted average shares -
 Diluted                      20,802     21,637     21,424     20,810

                              PCTEL Inc.
                Consolidated Condensed Balance Sheets
                      (unaudited, in thousands)

                                             December 31, December 31,
                                                 2007         2006
                                             ------------ ------------

                   ASSETS
CURRENT ASSETS:
  Cash and cash equivalents                      $26,632      $59,148
  Short-term investments                          38,943       11,623
  Accounts receivable, net                        16,082       14,034
  Inventories, net                                 9,654        7,258
  Deferred tax assets, net                         1,591           --
  Prepaid expenses and other assets                1,882        2,059
                                             ------------ ------------
    Total current assets                          94,784       94,122
PROPERTY AND EQUIPMENT, net                       12,136       11,638
GOODWILL                                          16,820       16,698
OTHER INTANGIBLE ASSETS, net                       4,318        7,451
DEFERRED TAX ASSETS, net                           6,280          103
OTHER ASSETS                                       1,022        1,054
ASSETS OF DISCONTINUED OPERATIONS                  1,806        1,654
                                             ------------ ------------
TOTAL ASSETS                                    $137,166     $132,720
                                             ============ ============

    LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
  Accounts payable                                  $956         $885
  Deferred revenue                                    49          659
  Accrued liabilities                              8,223        6,930
  Short term debt                                    107          869
                                             ------------ ------------
    Total current liabilities                      9,335        9,343
LONG-TERM LIABILITIES                              2,609        2,211
LIABILITIES OF DISCONTINUED OPERATIONS               654          473
                                             ------------ ------------
    Total liabilities                             12,598       12,027
                                             ------------ ------------

STOCKHOLDERS' EQUITY:
  Common stock                                        22           22
  Additional paid-in capital                     165,109      165,556
  Accumulated deficit                            (40,640)     (46,671)
  Accumulated other comprehensive income              77        1,786
                                             ------------ ------------
    Total stockholders' equity                   124,568      120,693
                                             ------------ ------------
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     $137,166     $132,720
                                             ============ ============

                             PCTEL, Inc.
                  Revenue & Gross Profit by Segment
                      (unaudited, in thousands)

                            Three Months Ended        Year Ended
                               December 31,          December 31,
                           --------------------- ---------------------

                              2007       2006       2007       2006
                           ---------- ---------- ---------- ----------
REVENUES:
--------------------------
Broadband Technology Group   $19,102    $17,638    $69,072    $68,087
Licensing                         45        472        816      8,681
                           ---------- ---------- ---------- ----------
TOTAL REVENUES                19,147     18,110     69,888     76,768

GROSS PROFIT:
--------------------------
Broadband Technology Group     9,375      7,830     31,262     28,181
Licensing                         42        469        799      8,658
                           ---------- ---------- ---------- ----------
TOTAL GROSS PROFIT             9,417      8,299     32,061     36,839

GROSS PROFIT %:
--------------------------
Broadband Technology Group      49.1%      44.4%      45.3%      41.4%
Licensing                       93.3%      99.4%      97.9%      99.7%
                           ---------- ---------- ---------- ----------
TOTAL GROSS PROFIT %            49.2%      45.8%      45.9%      48.0%
                           ---------- ---------- ---------- ----------

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



                                       Three Months Ended
                                       December 31, 2007
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------ --- -------------
REVENUES:
-------------------------
Broadband Technology
 Group                         $19,102                        $19,102
Licensing                           45                             45
                          ------------- ------------     -------------
TOTAL REVENUES                  19,147                         19,147
                          ------------- ------------     -------------

GROSS PROFIT:
-------------------------
Broadband Technology
 Group                           9,375            52 (a)        9,427
Licensing                           42                             42
                          ------------- ------------     -------------
TOTAL GROSS PROFIT               9,417            52            9,469
                          ------------- ------------     -------------

GROSS PROFIT %:
-------------------------
Broadband Technology
 Group                            49.1%                          49.4%
Licensing                         93.3%                          93.3%
                          -------------                  -------------
TOTAL GROSS PROFIT %              49.2%                          49.5%
                          =============                  =============

                                       Three Months Ended
                                       December 31, 2006
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------ --- -------------
REVENUES:
-------------------------
Broadband Technology
 Group                         $17,638                        $17,638
Licensing                          472                            472
                          ------------- ------------     -------------
TOTAL REVENUES                  18,110                         18,110
                          ------------- ------------     -------------

GROSS PROFIT:
-------------------------
Broadband Technology
 Group                           7,830            73 (a)        7,903
Licensing                          469                            469
                          ------------- ------------     -------------
TOTAL GROSS PROFIT               8,299            73            8,372
                          ------------- ------------     -------------

GROSS PROFIT %:
-------------------------
Broadband Technology
 Group                            44.4%                          44.8%
Licensing                         99.4%                          99.4%
                          -------------                  -------------
TOTAL GROSS PROFIT %              45.8%                          46.2%
                          =============                  =============


(a) This adjustment reflects the non-cash stock based compensation
 expense for restricted grants, stock bonuses, and stock options
 awarded to the company's employees.

                             PCTEL, Inc.

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



                                           Year Ended
                                       December 31, 2007
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------ --- -------------
REVENUES:
-------------------------
Broadband Technology
 Group                         $69,072                        $69,072
Licensing                          816                            816
                          ------------- ------------     -------------
TOTAL REVENUES                  69,888                         69,888
                          ------------- ------------     -------------

GROSS PROFIT:
-------------------------
Broadband Technology
 Group                          31,262           370 (a)       31,632
Licensing                          799                            799
                          ------------- ------------     -------------
TOTAL GROSS PROFIT              32,061           370           32,431
                          ------------- ------------     -------------

GROSS PROFIT %:
-------------------------
Broadband Technology
 Group                            45.3%                          45.8%
Licensing                         97.9%                          97.9%
                          -------------                  -------------
TOTAL GROSS PROFIT %              45.9%                          46.4%
                          =============                  =============

                                           Year Ended
                                       December 31, 2006
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------ --- -------------
REVENUES:
-------------------------
Broadband Technology
 Group                         $68,087                        $68,087
Licensing                        8,681                          8,681
                          ------------- ------------     -------------
TOTAL REVENUES                  76,768                         76,768
                          ------------- ------------     -------------

GROSS PROFIT:
-------------------------
Broadband Technology
 Group                          28,181           331 (a)       28,512
Licensing                        8,658                          8,658
                          ------------- ------------     -------------
TOTAL GROSS PROFIT              36,839           331           37,170
                          ------------- ------------     -------------

GROSS PROFIT %:
-------------------------
Broadband Technology
 Group                            41.4%                          41.9%
Licensing                         99.7%                          99.7%
                          -------------                  -------------
TOTAL GROSS PROFIT %              48.0%                          48.4%
                          =============                  =============


(a) This adjustment reflects the non-cash stock based compensation
 expense for restricted grants, stock bonuses, and stock options
 awarded to the company's employees.

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


                                       Three Months Ended
                                       December 31, 2007
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------     -------------
REVENUES                       $19,147                        $19,147
COST OF REVENUES                 9,730          (52) (b)        9,678
                          ------------- ------------     -------------
GROSS PROFIT                     9,417           52             9,469
OPERATING EXPENSES:
  Research and
   development                   2,223         (111) (b)        2,112
  Sales and marketing            2,489         (246) (b)        2,243
  General and
   administrative                2,954         (528) (b)        2,426
  Amortization of other
   intangible assets               408         (408)                -
  Restructuring charges            115         (115)                -
  Gain on sale of assets
   and related royalties          (250)                          (250)
                          ------------- ------------     -------------
    Total operating
     expenses                    7,939       (1,408)            6,531
                          ------------- ------------     -------------
INCOME (LOSS) FROM
 OPERATIONS                      1,478        1,460             2,938
OTHER INCOME, NET                  211                            211
                          ------------- ------------     -------------
INCOME (LOSS) BEFORE
 INCOME TAXES                    1,689        1,460             3,149
PROVISION (BENEFIT) FOR
 INCOME TAXES                   (7,838)       7,864                26
                          ------------- ------------     -------------
NET INCOME (LOSS) FROM
 CONTINUING OPERATIONS           9,527       (6,404)            3,123
NET INCOME (LOSS) FROM
 DISCONTINUED OPERATIONS,
 net of tax                       (171)         585               414
                          ------------- ------------     -------------
NET INCOME (LOSS)               $9,356      $(5,819)           $3,537
                          ============= ============     =============

Basic Earnings per Share:
Income (Loss) from
 Continuing Operations           $0.46                          $0.15
Income (Loss)
 Discontinued Operations        $(0.01)                         $0.02
Net Income (Loss)                $0.45                          $0.17

Diluted Earnings per
 Share:
Income (Loss) from
 Continuing Operations           $0.46                          $0.15
Income (Loss)
 Discontinued Operations        $(0.01)                         $0.02
Net Income (Loss)                $0.45                          $0.17

Weighted average shares -
 Basic                          20,670                         20,670
Weighted average shares -
 Diluted                        20,802                         20,802

                                       Three Months Ended
                                       December 31, 2006
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------     -------------
REVENUES                       $18,110                        $18,110
COST OF REVENUES                 9,811          (73) (b)        9,738
                          ------------- ------------     -------------
GROSS PROFIT                     8,299           73             8,372
OPERATING EXPENSES:
  Research and
   development                   2,668          (87) (b)        2,581
  Sales and marketing            2,675         (194) (b)        2,481
  General and
   administrative                2,963         (593) (b)        2,370
  Amortization of other
   intangible assets               751         (751)                -
  Restructuring charges            (35)          35                 -
  Gain on sale of assets
   and related royalties          (250)                          (250)
                          ------------- ------------     -------------
    Total operating
     expenses                    8,772       (1,590)            7,182
                          ------------- ------------     -------------
INCOME (LOSS) FROM
 OPERATIONS                       (473)       1,663             1,190
OTHER INCOME, NET                  945                            945
                          ------------- ------------     -------------
INCOME (LOSS) BEFORE
 INCOME TAXES                      472        1,663             2,135
PROVISION (BENEFIT) FOR
 INCOME TAXES                   (5,909)       5,384              (525)
                          ------------- ------------     -------------
NET INCOME (LOSS) FROM
 CONTINUING OPERATIONS           6,381       (3,721)            2,660
NET INCOME (LOSS) FROM
 DISCONTINUED OPERATIONS,
 net of tax                        218          381               599
                          ------------- ------------     -------------
NET INCOME (LOSS)               $6,599      $(3,340)           $3,259
                          ============= ============     =============

Basic Earnings per Share:
Income (Loss) from
 Continuing Operations           $0.30                          $0.13
Income (Loss)
 Discontinued Operations         $0.01                          $0.03
Net Income (Loss)                $0.31                          $0.16

Diluted Earnings per
 Share:
Income (Loss) from
 Continuing Operations           $0.29                          $0.12
Income (Loss)
 Discontinued Operations         $0.01                          $0.03
Net Income (Loss)                $0.30                          $0.15

Weighted average shares -
 Basic                          20,976                         20,976
Weighted average shares -
 Diluted                        21,637                         21,637


(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,
 restructuring charges, and non-cash income tax expense 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, stock bonuses, and stock options
 awarded to the company's employees.

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


                                           Year Ended
                                       December 31, 2007
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------     -------------
REVENUES                       $69,888                        $69,888
COST OF REVENUES                37,827         (370) (b)       37,457
                          ------------- ------------     -------------
GROSS PROFIT                    32,061          370            32,431
OPERATING EXPENSES:
  Research and
   development                   9,605         (454) (b)        9,151
  Sales and marketing           10,723         (650) (b)       10,073
  General and
   administrative               12,652       (2,620) (b)       10,032
  Amortization of other
   intangible assets             1,987       (1,987)                -
  Impairment of
   intangible assets                 -                              -
  Restructuring charges          2,038       (2,038)                -
  Gain on sale of assets
   and related royalties        (1,000)                        (1,000)
                          ------------- ------------     -------------
    Total operating
     expenses                   36,005       (7,749)           28,256
                          ------------- ------------     -------------
INCOME (LOSS) FROM
 OPERATIONS                     (3,944)       8,119             4,175
OTHER INCOME, NET                2,831                          2,831
                          ------------- ------------     -------------
INCOME (LOSS) BEFORE
 INCOME TAXES                   (1,113)       8,119             7,006
PROVISION (BENEFIT) FOR
 INCOME TAXES                   (7,226)       7,256                30
                          ------------- ------------     -------------
NET INCOME (LOSS) FROM
 CONTINUING OPERATIONS           6,113          863             6,976
NET INCOME (LOSS) FROM
 DISCONTINUED OPERATIONS,
 net of tax                        (82)       1,354             1,272
                          ------------- ------------     -------------
NET INCOME (LOSS)               $6,031       $2,217            $8,248
                          ============= ============     =============

Basic Earnings per Share:
Income (Loss) from
 Continuing Operations           $0.29                          $0.33
Income (Loss)
 Discontinued Operations         $0.00                          $0.06
Net Income (Loss)                $0.29                          $0.39

Diluted Earnings per
 Share:
Income (Loss) from
 Continuing Operations           $0.29                          $0.33
Income (Loss)
 Discontinued Operations         $0.00                          $0.06
Net Income (Loss)                $0.28                          $0.38

Weighted average shares -
 Basic                          20,897                         20,897
Weighted average shares -
 Diluted                        21,424                         21,424

                                           Year Ended
                                       December 31, 2006
                          --------------------------------------------
                               As         Non-GAAP            Non
                            Reported    Adjustments  (a)     GAAP
                          ------------- ------------     -------------
REVENUES                       $76,768                        $76,768
COST OF REVENUES                39,929         (331) (b)       39,598
                          ------------- ------------     -------------
GROSS PROFIT                    36,839          331            37,170
OPERATING EXPENSES:
  Research and
   development                   9,169         (388) (b)        8,781
  Sales and marketing           10,993         (761) (b)       10,232
  General and
   administrative               13,068       (2,272) (b)       10,796
  Amortization of other
   intangible assets             3,593       (3,593)                -
  Impairment of
   intangible assets            20,349      (20,349)                -
  Restructuring charges            389         (389)                -
  Gain on sale of assets
   and related royalties        (1,000)                        (1,000)
                          ------------- ------------     -------------
    Total operating
     expenses                   56,561      (27,752)           28,809
                          ------------- ------------     -------------
INCOME (LOSS) FROM
 OPERATIONS                    (19,722)      28,083             8,361
OTHER INCOME, NET                3,303                          3,303
                          ------------- ------------     -------------
INCOME (LOSS) BEFORE
 INCOME TAXES                  (16,419)      28,083            11,664
PROVISION (BENEFIT) FOR
 INCOME TAXES                   (5,371)       5,943               572
                          ------------- ------------     -------------
NET INCOME (LOSS) FROM
 CONTINUING OPERATIONS         (11,048)      22,140            11,092
NET INCOME (LOSS) FROM
 DISCONTINUED OPERATIONS,
 net of tax                      1,029        1,457             2,486
                          ------------- ------------     -------------
NET INCOME (LOSS)             $(10,019)     $23,597           $13,578
                          ============= ============     =============

Basic Earnings per Share:
Income (Loss) from
 Continuing Operations          ($0.53)                         $0.53
Income (Loss)
 Discontinued Operations         $0.05                          $0.12
Net Income (Loss)               ($0.48)                         $0.65

Diluted Earnings per
 Share:
Income (Loss) from
 Continuing Operations          ($0.53)                         $0.52
Income (Loss)
 Discontinued Operations         $0.05                          $0.12
Net Income (Loss)               ($0.48)                         $0.63

Weighted average shares -
 Basic                          20,810                         20,810
Weighted average shares -
 Diluted                        20,810                         21,512


(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,
 restructuring charges, and non-cash income tax expense 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, stock bonuses, and stock options
 awarded to the company's employees.

SOURCE: PCTEL, Inc.

PCTEL, Inc.
John Schoen
CFO
630-372-6800
or
PCTEL, Inc.
Jack Seller
Public Relations
630-372-6800
jack.seller@pctel.com
or
Summit IR Group
Mary McGowan
Investor Relations
408-404-5401
mary@summitirgroup.com

Copyright Business Wire 2008

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