Wireless Facilities (WFII)! - 500 Beiträge pro Seite

[panik]

Profile:

Wireless Facilities, Inc. is an independent provider of outsourced services for the wireless communications industry. The Company plans, designs and deploys, and manages wireless telecommunications networks. This work involves radio frequency engineering, site development, project management and the installation of radio equipment. The Company also has expanded its services to include network management, which involves day-to-day optimization and maintenance of wireless networks

[panik]

Wireless Facilities Announces Symposium to Address Trends in Wireless Industry
- WFI to Hold Exclusive Event for Finance and Investment Communities -
SAN DIEGO, Feb. 2 /PRNewswire/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - news), a global leader in the design, deployment and management of wireless telecommunications systems, is pleased to present the 2001 WFI Technology Symposium, to be held February 12 and 13 at the Hyatt Regency LaJolla in San Diego. The event will bring together industry analysts and technologists to review key trends and business metrics driving the development of next-generation wireless mobility and broadband fixed wireless networks.

The symposium will feature keynote presentations from leading industry experts including presentations from WFI; Masood Tayebi, CEO & Co-founder; Ali Fouladpouri, CTO; Scott Fox, President Network Management and Deputy Chairman of the GSM Association; Dr. Anthony Acampora, Head, Advanced Technology; and George Wozencraft, VP Telecom Strategy Group. Panel include recognized leaders from Qualcomm, Vodafone, Sprint, XO Communications, PacketVideo, Voicestream, AT&T, Broadband Research, CIBC, GE Capital, Credit Suisse First Boston, Wasatch Advisors and Morgan Stanley.


Discussion topics that will be addressed, include:
-- How the broadband market will develop and what technologies will push
it forward
-- Analyzing demand for 3G services in North America and whether or not
foreign market models will apply
-- Migration Paths to next generation mobility networks and which
applications will define 3G Services


``Projections about financial opportunities, and the future of wireless technologies abound in the industry today. The WFI Technology Symposium will provide an opportunity for investors to assess key technologies and business models that are positioned for the future of wireless and 3G networks and determine which will be most likely to prevail,`` said Thomas A. Munro, President of WFI.

The one-day conference will be followed by a half-day technology and business-modeling workshop presented by WFI`s Telecom Strategy Group. Using market analysis, competitive research, financial modeling and technology planning, TSG consultants provide strategic & business and technology assessment for both mobile wireless and broadband carriers and equipment vendors. Both the symposium and the workshop will enable finance and investment professionals to take part in interactive discussions on key issues facing the wireless industry and financial markets today.

For more information on the WFI Technology Symposium or to register, please visit our web site at www.wfinet.com.

About Wireless Facilities

A global leader in telecommunications, strategic consulting and outsourcing, Wireless Facilities, Inc. plans, designs, deploys and manages wireless networks for some of the largest cellular, mobile and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of turnkey network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to over 1,780 employees and has performed work in more than 80 countries since the Company was founded in late 1994. The Company has offices in Chicago, Seattle, Washington, D.C., Dallas, New York, Mexico City, Sao Paulo, London, Madrid, Stockholm, Gothenburg, Vienna, Frankfurt and New Delhi. News and information are available at www.wfinet.com.

Forward Looking Statement -- This news release contains certain forward-looking statements that involve risks and uncertainties. Words such as ``anticipates,`` ``expects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements. Forward looking statements include references to the Company`s belief that robust growth in the wireless industry for both mobile voice and data access will provide a strong growth component to WFI and the types of services that the Company provides. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated in these forward- looking statements. Factors that may cause such differences, include, but are not limited to: WFI`s ability to attract and retain sufficient qualified personnel, the continued growth in the outsourcing of the design, deployment and management of wireless networks; loss of key customer contracts and competition. These factors and others are more fully discussed under ``Risk Factors`` and elsewhere in the Company`s registration statement on Form S-1, the Company`s annual report on Form-10-K filed on March 30, 2000 and the Company`s Form 10-Q for the quarter ended September 30, 2000 filed on November 14, 2000 with the Securities and Exchange Commission.

For further information, please contact media, Yvonne Hunt, Manager, Marketing Communications of Wireless Facilities, Inc., 858-228-2522, [e-mail]; or Hilary McCarthy of McQuerterGroup, 858-450-0030, [e-mail], for Wireless Facilities, Inc.; or investors, Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., 858-228-2450, [e-mail].

SOURCE: Wireless Facilities, Inc.

[panik]

09.02. 19:07
Wireless Facilities - Strong Buy
--------------------------------------------------------------------------------
(©BörseGo - http://www.boerse-go.de)

Credit Suisse First Boston wiederholt das Strong Buy Rating für Wireless Facilities (WFII).

[panik]

When Date Action Firm Ratings/(Target)
Today None.
Prior 09-Feb-01 Reit CSFB Strong Buy
Prior 30-Nov-00 Reit Chase H&Q Strong Buy
Prior 29-Nov-00 Reit CSFB Strong Buy
Prior 27-Oct-00 Reit Chase H&Q Strong Buy
Prior 26-Oct-00 Reit CSFB Strong Buy


nur Strong Buys!

[panik]

Noch ein Strong Buy vom Freitag!

WFII Reiterated `Strong Buy` at Wells Fargo Van Kasper (Correct
By Michael O. Donohue
(Corrects rating to `strong buy` from `buy.`)

Princeton, New Jersey, Feb. 9 (Bloomberg Data) -- Wireless Facilities Inc. (WFII US) was reiterated ``strong buy`` by analyst John D. Froley at Wells Fargo Van Kasper. The 12-month target price is $70.00 per share.

[panik]

Wireless Facilities Secures $100 Million Credit Facility
Bank Participants Include Credit Suisse First Boston, Bank of America, Banc One and Imperial Bank
SAN DIEGO, Feb. 12 /PRNewswire/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the design, deployment and management of wireless telecommunications networks, today announced that it has secured $100 million in commercial credit facilities. Credit Suisse First Boston served as WFI`s financial advisor as well as the lead arranger. The facility is a revolving line of credit secured by the Company`s assets.

``We are pleased to have secured this substantial line of credit, which supports WFI`s overall growth strategy. A component of this strategy has included acquisitions that strengthen our geographical presence, customer relationships and technology and service offerings,`` said Thomas Munro, President of Wireless Facilities.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 1,780 employees and has performed work in 80 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

WFI and the WFI Globe logo are registered trademarks of Wireless Facilities, Inc.

For further information please contact media, Glenn Selbo, Vice President, Marketing, 858-824-2929, [e-mail], or investors, Mark Francois, Director, Investor Relations, 858-450-7304, [e-mail], both of Wireless Facilities, Inc.

SOURCE: Wireless Facilities, Inc.

[panik]

Wireless Facilities Reports Record Fourth Quarter Revenue and Profit
- Quarterly Revenue Increases 124 Percent to $80.1 Million -
SAN DIEGO, Feb. 14 /PRNewswire/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the design, deployment and management of wireless telecommunications networks, today announced financial results for the fourth quarter and fiscal year ended December 31, 2000.

Revenue for the fourth quarter increased 124 percent to $80.1 million, compared to $35.8 million in the fourth quarter of 1999. Excluding the effects of goodwill and other charges related to acquisitions, net income rose 164 percent to $12.1 million, or $0.24 per diluted share, compared to net income of $4.6 million, or $0.11 per diluted share, in the corresponding quarter a year ago.

For the full year, revenues rose 176 percent to $255.9 million, compared to $92.7 million in 1999. Excluding the effects of goodwill and other charges related to acquisitions, net income increased 251 percent to $38.9 million, or $0.77 per diluted share, compared to net income of $11.1 million, or $0.31 per share, for the full year in 1999.

``We are pleased to report our fifth consecutive quarter of increased revenues and earnings since our initial public offering in November of 1999,`` said Thomas Munro, President of WFI. ``Our financial performance this past year was driven by strong demand for our planning and deployment offerings for voice and data services and the excellent execution of our plan by our worldwide employee team.``

Commenting on the broader telecommunications industry, Mr. Munro continued by saying, ``While there have been conflicting opinions among financial analysts regarding general telecommunications infrastructure spending levels, it is our belief that the fundamentals of the wireless sector remain uniquely strong. Over the next couple of years, we expect to see the domestic expansion of mobile voice and data networks as the predominant drivers of network growth, as capacity and geographical coverage expand to keep pace with the personal communications needs of a rapidly growing subscriber population. We believe the recently concluded FCC spectrum auctions (1900MHz PCS) validate this position.``

``Additionally, in many international markets, wireless technology is leaping ahead of wireline as a means of providing basic telephone service because it is faster and less expensive to deploy. We anticipate that our international operations will continue to be among our fastest growing business segments, especially in Mexico, Brazil and Europe.``

Mr. Munro finished by saying, ``WFI continues to be active in the planning and implementation of new technologies, including mobile wireless Internet access, Third Generation (3G) mobile telephony, and fixed wireless broadband systems, all of which are in the early stages of design and deployment. WFI`s carrier clients have invested heavily in next generation wireless licenses, infrastructure and operations, and we believe that these investments will continue to drive demand for our fixed price, time certain services.``

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 2,072 employees and has performed work in 93 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Washington, D.C., London, Paris, Stockholm, Gothenburg, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

Notice Regarding Forward Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as ``anticipates,`` ``expects,`` ``projects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that the wireless industry`s fundamentals remain strong for the Company`s services and that the Company can continue to execute its business plan well in relation to the market opportunities. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause such differences, include, but are not limited to: slowdowns in telecommunications infrastructure spending which could delay network deployment and reduce demand for the Company`s services; the Company`s ability to hire and retain key personnel; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; continuing industry investment in ``third generation`` or ``3G`` deployments; competition in the marketplace which could reduce revenues and profit margins; lower customer satisfaction levels for services performed by the Company. These factors and others are more fully discussed under ``Risk Factors`` and elsewhere in the Company`s registration statement on Form S-1, the Company`s annual report on Form 10-K filed on March 30, 2000 and the Company`s Form 10-Q for the quarter ended September 30, 2000 filed on November 15, 2000 with the Securities and Exchange Commission.


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)

Three Three Twelve Twelve
Months Months Months Months
Ended Ended Ended Ended
12-00 12-99 12-00 12-99

Revenues $80,097 $35,751 $255,938 $92,689
Cost of revenues 40,955 20,144 140,141 54,270
Gross profit 39,142 15,607 115,797 38,419
Selling, general and
administrative expenses 18,759 8,497 53,506 18,684
Depreciation 1,492 89 3,292 629
Amortization of goodwill
and purchased
intangible assets 2,987 403 7,022 1,473
Operating income 15,904 6,618 51,977 17,633
Other income and
(expenses) (1,008) 402 225 (487)
Income before taxes
and minority interest 14,896 7,020 52,202 17,146
Minority interest (52) 32 (58) (338)
Income before taxes 14,844 7,052 52,144 16,808
Provision for income taxes (5,757) (2,880) (20,307) (7,202)
Net income $9,087 $4,172 $31,837 $9,606

Net income per common share:
Basic $0.21 $0.12 $0.76 $0.33
Diluted $0.18 $0.10 $0.63 $0.27

Weighted-average common
shares Outstanding:
Basic 43,116 34,939 41,826 29,126
Diluted 51,256 42,540 50,534 35,246


Net income adjusted for
acquisition charges:
Net income $9,087 $4,172 $31,837 $9,606
Amortization of goodwill
and purchased
intangible assets 2,987 403 7,022 1,473
Adjusted net income $12,074 $4,575 $38,859 $11,079

Adjusted net income per
common share:
Basic $0.28 $0.13 $0.93 $0.38
Diluted $0.24 $0.11 $0.77 $0.31

Certain amounts in 1999 financial data have been reclassified to conform
to the 2000 presentation.


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Balance Sheets
(In thousands)

December 31, December 31,
2000 1999

ASSETS
Current Assets
Cash $18,514 $34,322
Investments in marketable securities 0 37,965
Billed accounts receivable, net 74,152 23,033
Unbilled accounts receivable 44,950 9,600
Contract management receivables 20,760 13,993
Inventory 0 0
Other current assets 27,056 3,200
Total current assets 185,432 122,113
Property and equipment, net 20,036 5,069
Goodwill, net 64,727 7,098
Other assets, net 26,942 712
Total assets $297,137 $134,992

LIABILITIES AND SHAREHOLDERS` EQUITY
Current Liabilities
Accounts payable and accrued expenses $32,805 $11,389
Contract management payables 9,185 8,258
Billings in excess of costs and profits 892 5,170
Capital lease obligation 3,485 137
Line of credit and current portion of
notes payable 26,552 0
Income taxes payable 8,830 5,641
Total current liabilities 81,749 30,595
Long-term liabilities 633 909
Long-term capital lease 7,047 1,652
Other long-term liabilities 9,037 59
Total liabilities 98,466 33,215

Minority interest 58 338

Stockholders` equity 198,613 101,439

Total liabilities, minority interest
and shareholders` equity $297,137 $134,992


For further information, please contact media, Glenn Selbo, Vice President, Marketing, 858-228-2440, [e-mail], or investors, Mark Francois, Director, Investor Relations, 858-228-2450, [e-mail], both of Wireless Facilities, Inc.

SOURCE: Wireless Facilities, Inc.

[panik]

Wireless Facilities Announces New Service for Mobile Carriers to Forecast Customer Demand, Cut Costs and Reduce Time to Market
- Exactis Market Analyzer provides valuable information on competitive wireless marketplaces -
SAN DIEGO, Feb. 19 /PRNewswire/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the design, deployment and management of wireless telecommunications networks, today unveiled Exactis Market Analyzer (EMA), a service for mobile operators and carriers that assesses potential customer densities, bandwidth demand requirements and the competitive landscape before new services are deployed. EMA aids the operators in decreased time to market, reduced infrastructure costs and improved overall network efficiency. WFI has helped deploy wireless networks for some of the largest carriers worldwide since 1994.

EMA is provided by WFI`s market development group to help operators assess customer markets and demand for wireless services in the top 50 markets in the U.S. Using a patent-pending analytical tool with proprietary algorithms that analyze over 700 variables from combined databases of proprietary and published information, EMA helps operators to develop advanced customer segmentation methodologies, bandwidth demand requirements, and target customer densities down to individual buildings and streets within a given market. EMA also allows operators to assess the potential impact of competition on targeted segments and identify exploitable gaps within competitors` service offerings. By providing a multi-dimensional picture of the market, EMA helps operators to efficiently design network topologies, maximize network efficiency and decrease site acquisition time. Financial institutions may also use EMA to validate a given market for potential business ventures or investments.


EMA provides detailed information on a given service area, including:
-- Identification of targeted customer segment locations down to the
street and building levels
-- Specific target customer density
-- Project segment growth within key markets
-- Required bandwidth demand by segment and estimated demand down to the
building level
-- Known fiber locations, competitive services and potential T1/T3
locations by building
-- Service and pricing analysis by competitive offerings
-- Accurate building mapping and location analysis, 3D Orthophotos of the
city
-- Line-of-sight analysis based on Digital Elevation Modeling -- accurate
to within two meters
-- Recommended coverage areas and hub/site locations and preliminary
network design


``In the past, networks have been designed with a two dimensional model, examining only network capabilities and service offerings. Often the result has been networks that are elegantly designed, but that may not accurately meet the market needs,`` said Christa Lush, vice president, Market Development at WFI. ``Exactis Market Analyzer sets the stage for properly dimensioning networks. It looks at all the factors, including assessing customers needs and where they reside, as well as looking at the competition to develop a solution that addresses the market needs. EMA maximizes the network while reducing the risk of investment.``

``In order to succeed in today`s competitive telecommunications service market, operators need to be first and need to be efficient,`` said George Wozencraft, vice president Telecom Strategy Group at WFI. ``Exactis Market Analyzer provides the complete picture to help operators determine the optimum network infrastructure for the customers` needs the first time, increasing speed to market for planning time from six to eight months to less than three months and saving money in the process.``

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 2,000 employees and has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

Notice Regarding Forward Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as ``anticipates,`` ``expects,`` ``projects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that its Exactis Market Analyzer service offering will enable wireless carriers to maximize network planning strategies. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause such differences, include, but are not limited to: slowdowns in telecommunications infrastructure spending which could delay network deployment and reduce demand for the Company`s services; the Company`s ability to hire and retain key personnel; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; continuing industry investment in ``third generation`` or ``3G`` deployments; competition in the marketplace which could reduce revenues and profit margins; lower customer satisfaction levels for services performed by the Company. These factors and others are more fully discussed under ``Risk Factors`` and elsewhere in the Company`s registration statement on Form S-1, the Company`s annual report on Form 10-K filed on March 30, 2000 and the Company`s Form 10-Q for the quarter ended September 30, 2000 filed on November 15, 2000 with the Securities and Exchange Commission.

For further information, please contact: Media, Yvonne Hunt, Manager, Marketing Communications of Wireless Facilities, Inc., 858-228-2522, [e-mail]; or Hilary McCarthy of McQuerterGroup, 858-450-0030, [e-mail], for Wireless Facilities, Inc.; or Investors, Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., 858-228-2450, [e-mail].

SOURCE: Wireless Facilities, Inc.

[panik]

Wireless Facilities to Provide Employees With Stock Option Cancel and Regrant Program
SAN DIEGO, March 7 /PRNewswire/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - news), a global leader in the planning, design, deployment and management of wireless telecommunications networks, announced today that its Board of Directors has approved a voluntary stock option cancel and regrant program for employees.

The program is voluntary and provides employees with the opportunity to cancel all of their existing and outstanding stock options granted to them on or after September 30, 2000 and before March 30, 2001, and some or all of their existing and outstanding stock options granted to them prior to September 30, 2000, in exchange for a new option grant for an equal number of shares to be granted at a future date. The new options would be issued no earlier than six months and one day after the cancellation date. The exercise price of the new options would be based on the trading price of WFI`s common stock at the time of the new option grants.

``Clearly the success of our organization can be attributed to the hard work and dedication of our employees,`` said Masood Tayebi, chief executive officer of WFI. ``While there can be no guarantees regarding the stock price in six months, this plan does provide an opportunity to more closely align employee equity ownership goals with long-term shareholder value.``

The exchange program is being organized to comply with FASB Interpretation No. 44 ``Accounting for Certain Transactions Involving Stock Compensation.`` Accordingly, WFI anticipates that there will be no variable compensation charges to the company as a result of this stock option exchange program.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 2,000 employees worldwide and has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

WFI and the WFI Globe logo are registered trademarks of Wireless Facilities, Inc.

Forward Looking Statement -- This news release contains certain forward- looking statements that involve risks and uncertainties. Words such as ``anticipates,`` ``expects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements. Forward looking statements include the Company`s belief that the stock option exchange program will promote employee retention and that the accounting treatment of such a program will not result in any variable compensation charges. Such statements are only predictions, and the company`s actual results may differ materially from those anticipated in these forward-looking statements. Factors that may cause such differences, include, but are not limited to: the Company`s ability to attract, hire and retain sufficient numbers of key personnel needed to maintain customer contract commitments; and changes in accounting requirements. These factors and others are more fully discussed in the Company`s S-1 registration statement under ``Risk Factors`` and elsewhere in the Company`s annual report on Form 10-K filed on March 30, 2000 and the Company`s Form 10-Q for the quarter ended September 30, 2000 filed on November 15, 2000 with the Securities and Exchange Commission.

SOURCE: Wireless Facilities, Inc.

[Hirnhaut]

@panik: Deine englischen Beiträge sind einfach überragend !
Wie wäre es, wenn Du mal etwas deutsches hier reinstellst.

[panik]

ScoreBoard Selects Wireless Facilities, Inc. To Address Worldwide Mobile Operator Demands
Leading Telecommunications Experts to Provide Advanced Network Solutions and Engineering Expertise
LAS VEGAS--(BUSINESS WIRE)--March 20, 2001-- ScoreBoard, Inc. announced today that it has selected Wireless Facilities, Inc. (WFI) (NASDAQ: WFII - news) to provide advanced engineering services in support of ScoreBoard`s revolutionary business solution for mobile operators around the globe.

ScoreBoard`s solution addresses the new market realities of expensive and scarce spectrum resources, a tightened capital market, and increased consumer quality demands. In a difficult financial market, mobile operators can expect this solution to help them meet and exceed their investor and customer commitments.

WFI`s advanced radio frequency design and optimization experience with mobile telecommunications companies in North America, Europe, and Latin America enables ScoreBoard to provide its Web-enabled optimization solution to mobile operators of GSM, CDMA, TDMA and Third Generation (3G) networks throughout the world. Operators can also utilize WFI`s advanced Network Management Center (NMC) to provide network data directly into ScoreBoard`s patented process and software, giving operators the ability to eliminate capacity and call quality inefficiencies quickly and accurately.

``As the demand for ScoreBoard`s technology increases both domestically and abroad, we are confident that teaming with WFI strengthens our ability to help mobile operators leverage current assets and better utilize every capital dollar,`` said Eric Jensen, co-founder and CEO of ScoreBoard. ``WFI`s technical expertise complements our process oriented approach to network optimization and allows our customers to better manage the complete life cycle of a mobile network`s evolution.``

Spectrum optimization and advanced engineering services are only the beginning of what ScoreBoard and WFI can provide. Mobile operators worldwide will benefit from lower capital and operating expenses, increased revenue per base station, and the ability to deploy high speed data services.

``WFI has been actively involved in providing our customers with proactive management of their entire network by leveraging technology to reduce costs and increase network quality and system availability,`` said Scott Fox, president of network management and operations for WFI. ``WFI is truly excited to have been selected to provide our wireless engineering expertise to ScoreBoard and their customers in the implementation of ScoreBoard`s software solution to help solve these complex network challenges.``

ScoreBoard`s solution is based on three fundamental elements: accurate data management, rigorous analysis and implementation-ready optimization plans. By using ScoreBoard`s technology, mobile operators can maximize their existing network assets by quickly identifying and resolving capacity and call quality issues. Networks powered by ScoreBoard experience up to a 40 percent increase in average base station traffic, while significantly reducing customer complaints. Additionally, ScoreBoard gives the mobile operator an intelligent means of allocating future capital assets.

About Wireless Facilities, Inc.

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services - from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 2,000 employees worldwide and has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

About ScoreBoard, Inc.

ScoreBoard gives operators the ability to unleash the value and quality inherent in their mobile networks. ScoreBoard`s Web-enabled solutions work directly with Measured Network Data so that mobile operators can confidently isolate, identify and resolve capacity and call quality issues in their networks. The result is increased capacity, lower capital and operational costs and improved service quality. For more information, contact ScoreBoard, Inc. at +1.703.713.9755 or +1.800.462.1617, send email to [e-mail] or visit www.scoreboardinc.com.

[panik]

Wireless Facilities Reiterated `Strong Buy` at Wells Fargo VK

3/22/01 12:14 PM
Source:Bloomberg News

Princeton, New Jersey, March 22 (Bloomberg Data) -- Wireless Facilities
Inc. (WFII US) was reiterated ``strong buy`` by analyst John D. Froley at
Wells Fargo Van Kasper. The 12-month target price was cut to $18 from $70
per share.

[Bodi]

moin,

hat jemand eine ahnung, ob die herren von wfii auf der cebit vertreten sind?
denn so wie es aus den nachrichten schallt, ist wireless ja der helle wahnsinn, habe die aktie im übrigen seit nem halben jahr in der watchlist.

ciao

Bodi

[Kostolany4]

Hat jemand Ahnung, ob man sich für eine dieser Wireless-Firmen berechtigte
Hoffnung auf einen Wiederanstieg des Kurses machen kann ?

Billig wären sie jetzt ja alle drei - aber das alleine ist natürlich kein
Kaufgrund.

[Kostolany4]

Habe noch eine 4. Wireless-Aktie gefunden: Aether

[panik]

[panik]

Compaq Streamlines Location Services With Industry`s First Integrated Solution On a Single Platform; SignalSoft, SnapTrack, WFI and Compaq Team Up to Provide Wireless Operators With Turnkey Solution for FCC E9-1-1 Rules - and Enhanced Services
HOUSTON, March 27 /PRNewswire/ -- Compaq Computer Corporation (NYSE: CPQ - news) today announced a significant step forward for wireless carriers worldwide that plan to provide location-based services for their customers, especially U.S. carriers planning to deploy Phase II E9-1-1. Compaq, along with partners SignalSoft Corporation (Nasdaq: SGSF - news), SnapTrack, Inc., a subsidiary company of QUALCOMM Incorporated (Nasdaq: QCOM - news) and Wireless Facilities, Inc. (Nasdaq: WFII - news), will deliver a complete location solution, integrated on a single platform, called the Compaq Discovery Location System. This solution enables a carrier network to determine the precise physical location of a wireless customer and route the call to the nearest Public Safety Answering Point. Wireless location capability, mandated for October 2001 deployment by the Federal Communications Commission (FCC), will enable local emergency 911 response teams to know immediately where they must go to deliver aid.

The Compaq Discovery Location System will support gpsOne(TM) position- enabled handsets based on QUALCOMM`s Mobile Station Modem (MSM(TM)) family of integrated circuits. gpsOne-enabled handsets will be available in fall of 2001 through Sprint PCS and other U.S. carriers, and are expected to support E9-1-1 as well as a variety of wireless position-enabled applications.

In addition to E9-1-1 emergency services, Compaq`s Discovery Location System also provides the network infrastructure that carriers need to deliver a wide array of useful, location-based information, such as directions to and information on shops, restaurants, hotels and special events, directly to customers` wireless telephones.

The Discovery Location System is a turnkey solution that Compaq is making available immediately. Compaq has completed the prime integration and testing work, and will provide ``one stop shopping`` for carriers that need to move quickly to deploy this capability in their networks. Compaq will also provide services and support.

Industry observers forecast that by 2004 these location-based services will generate almost $10 billion per year of new revenue globally for wireless operators (ICM, Mobile Location Services, 2001). In addition, wireless customers, with location-specific information, will be more likely to initiate mobile transactions -- thus generating more revenue for wireless operators.

Mitesh Desai, vice president of Marketing and Business Development for Compaq`s telecommunications unit, Compaq Telecom, said, ``Location-based services clearly represent a huge opportunity for wireless operators. Compaq and its best-in-class partners, SignalSoft, SnapTrack and WFI, are providing a single, turnkey solution that will enable operators to meet their legal 911 obligations, and get to market quickly and efficiently with revenue-producing services -- all on one very scalable platform. It`s a very compelling proposition.``

``As carriers are facing an escalating pressure to comply with the new Phase II E911 rules, Compaq is offering a fully integrated solution that is available for immediate deployment,`` said Francesca Mabarak, Senior Analyst, The Yankee Group. She added, ``The added advantage is that the solution -- which incorporates key technology from SignalSoft, SnapTrack and WFI -- gives carriers a headstart on providing their customers with a wide array of location-based services.``

Single Platform Delivers Key Advantages for Wireless Operators

To create its Discovery Location System, Compaq has integrated key elements from partners that are industry leaders in location-based services.

SignalSoft provides the fundamental location-based operating platform, including Location Manager which operates as the Mobile Positioning Center (MPC), MAPs Geographic Information System (GIS), and associated applications such as W911, Location Sensitive Billing, and local.info(TM), providing localized content to the customer.

SnapTrack contributes its SnapSmart(TM) Position Determining Entity (PDE) software, which uses a handset-based Global Positioning System (GPS) receiver in conjunction with innovative Wireless Assisted GPS(TM) (WAG) and Hybrid Position Location WAG technology at the network service control point to identify user location, regardless of terrain, much more precisely-and more quickly -- than with GPS -- or network-based positioning solutions.

The SnapTrack PDE provides optimized support for wireless handsets based on QUALCOMM`s gpsOne position-enabled series of MSM-integrated circuits. The QUALCOMM MSM 3300(TM) gpsOne-enabled chipset is the industry`s first wireless solution to feature a fully integrated low-power GPS baseband with RF capabilities. gpsOne is the only position location solution that offers all- terrain, high-availability performance and accuracy indoors, outdoors, and in urban and rural conditions where network or unassisted GPS solutions fail. QUALCOMM also offers gpsOne capability on its MSM 5000(TM) family of 3G wireless chipsets and MSM 6xxx family of multimode chipsets.

WFI, as a leading telecommunications outsourcing firm specializing in network architecture and mobile wireless systems, provides a complete range of network services, including RF engineering, fixed network architecture, IP and data engineering, among others. Working with SignalSoft, SnapTrack and Compaq, WFI integrates the Discovery Location System into the network, providing the network calibration that is essential for accurate position determination.

``SignalSoft and Compaq have had a long-standing partnership in marketing Wireless Location Services® to network operators worldwide,`` said Don Winters, chief operating officer of SignalSoft. ``The Compaq Discovery Location System demonstrates Compaq`s leadership and provides operators with a reliable solution to comply with the FCC`s E9-1-1 ruling.``

Compaq has combined these core elements into a fully integrated, fully- tested solution that is hosted on a single Compaq NonStop(TM) Himalaya(TM) server. Well known as the world`s most reliable, scalable platform, Himalaya servers lead the off-switch intelligent network market with over 450 service control points at numerous carriers around the world.

``SnapTrack is very pleased to be working with Compaq, one of the wireless industry`s most innovative technology solutions providers,`` said Bret Sewell, vice president, worldwide sales and customer operations of SnapTrack. ``The integration of SnapTrack`s SnapSmart and SignalSoft`s Wireless Location Services platform into the Compaq Discovery Location System will provide the wireless industry with a high performance, robust solution for their E9-1-1 and mobile location services needs.``

``We are very excited about the opportunity to work closely with such innovative companies as Compaq, SignalSoft, and SnapTrack,`` added Scott Fox, president of network management and operations for WFI. ``This relationship leverages one of our core competencies in the areas of testing and verification of wireless systems to support a true turnkey solution that will accelerate the delivery of advanced E9-1-1 services to network operators worldwide.``

The integration of the location-based applications and position determination equipment on a single platform provides carriers with a key benefit. Data communication between the PDE and the MPC occurs within the host processor platform -- and not on the SS7 network. This frees valuable bandwidth on the SS7 network for voice and data. It also enables carriers to scale up the solution faster and more efficiently to accommodate growth in user volume.

Information on Compaq in telecommunications can be found at www.compaq.com/telecom

About Compaq

Compaq Computer Corporation, a Fortune Global 100 company, is a leading global provider of technology and solutions. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs that are sold in more than 200 countries. Information on Compaq and its products and services is available at www.compaq.com.

About SignalSoft Corp.

Founded in 1995, SignalSoft Corp. is the developer of Wireless Location Services®, a software suite that enables location-based wireless services for information, safety, tracking and billing. SignalSoft`s operating platform and related applications transform raw location data into revenue sources that help differentiate wireless network operators and build customer loyalty. SignalSoft`s technology also helps drive m-commerce (mobile commerce) in the wireless marketplace. Some of the largest U.S. operators, including AT&T Wireless, Cingular, and Sprint PCS, and wireless operators in Europe, such as diAx, Libertel Vodafone, and Orange Switzerland, are SignalSoft customers. SignalSoft has established partnerships with many companies that provide network infrastructure and location technology; and with a broad range of application, content and service providers through its local.info(TM) Alliance program. SignalSoft is based in Boulder, Colo., USA and has offices in Canada, Singapore and the United Kingdom. For more information about SignalSoft and its products, please call 303-381-3000, email [e-mail], or visit the company`s Web site at www.signalsoftcorp.com.

About SnapTrack

Headquartered in San Jose, Calif., SnapTrack is focused on integrating GPS and two-way wireless technologies. SnapTrack`s patented architecture offers anytime, anywhere, accurate, high-speed location of a wireless caller, even inside buildings where conventional GPS does not operate. SnapTrack pioneered Wireless Assisted GPS and owns patents that are fundamental to the cost- effective deployment of Wireless Assisted GPS-based location systems. The company`s Wireless Assisted GPS products include the SnapSmart location server software system, the SnapCore(TM) multi-mode GPS solution and the SnapWARN GPS reference service. SnapTrack has commercial agreements with major wireless chipset vendors that provide most of the wireless modem chipsets to the industry. In addition, many major carriers have chosen to deploy products and services incorporating SnapTrack technology. For more information, please visit http://www.snaptrack.com.

About WFI

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 2,000 employees worldwide and has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

Compaq, NonStop, Himalaya and the Compaq logo Registered U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include: component shortages, delays in the implementation of changes in delivery models, increased competitive environment and pricing pressures, delays in product rollout schedules, slow acceptance for new form factors, employee retention, disruptions related to restructuring actions, the financial condition of resellers, delays in new systems implementation, operational inefficiencies related to sales cycles, equity investment volatility, and emerging market political or economic instability. Further information on the factors that could affect Compaq`s financial results is included in Compaq`s Securities and Exchange Commission (SEC) filings, including the latest Annual Report on Form 10-K and the latest quarterly report on Form 10-Q.

Wireless Location Services® is a federally registered trademark of SignalSoft Corporation. BFound(TM), BFound.com(TM) and local.info(TM) are trademarks of SignalSoft Corporation. All other trademarks are acknowledged.

Wireless Assisted Global Positioning System, SnapCore, SnapSmart and SnapWARN are trademarks of SnapTrack, Inc. All other trademarks are the property of their respective owners.

SOURCE: Compaq Computer Corporation

[sinfonie]

@Kostolany4
Wireless Facilites arbeitet übrigens auch mit USWC zusam-
men!
Grüße Sinfonie

[panik]

Wireless Facilities sees lower-than-expected Q1 earnings
SAN DIEGO, March 29 (Reuters) - Wireless Facilities Inc.(NasdaqNM:WFII - news) said on Thursday it expects its first-quarter earnings and revenues to be lower than previous estimates due to a slowdown in the wireless telecommunications market.

San Diego-based Wireless Facilities said it made the new forecasts in its annual 10-K report filed with the U.S. Securities and Exchange Commission.

Official estimates were not immediately available. The consensus first-quarter earnings estimate among analysts polled by Thomson Financial/First Call was 16 cents per share.

The company said the lowered estimates were ``brought about by the slowing U.S. economy, the recent volatility in the financial markets and the slowdown in wireless telecommunications infrastructure spending.``

Wireless added that due to the slowdown, it has taken unspecified steps to reduce its expenditures.

Wireless shares fell 15/32 to $6-11/32 in Thursday trading on Nasdaq, near the low end of its 52-week range of $5-1/2 to $129-11/16.

[Kostolany4]

WFII fällt nachbörslich 24% auf 5,20.
Covad erreicht neues All Time Low mit 1,10. (-11% noch hauptbörslich).
Mit allen 5 Wireless-Firmen gehts weiter rasant abwärts.
Igitt, igitt.

[Spanischer_Hund]

Wireless Facilities Receives Turnkey Engineering Services Contract From PEGASO PCS
- WFI(R) to Support Pegaso`s Network Expansion in Mexico Through 2002 -

SAN DIEGO, April 19 /PRNewswire/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - news), a global leader in the planning, design, deployment and management of wireless telecommunications systems, today announced that it has been awarded a two-year contract by PEGASO PCS to provide turnkey radio frequency (RF) engineering services to expand Mexico`s largest digital PCS network. The contract calls for the design and engineering of more than 750 sites as part of PEGASO`s phase three and phase four network expansion plans, extending coverage in 50 cities throughout Mexico.
The contract will increase the total number of sites designed by WFI for PEGASO PCS to 1,600 since the relationship began in 1998. WFI was also selected by PEGASO last August for the design of their phase-two backbone transport network encompassing 420 sites.

``As we continue to expand our network and bring advanced services such as mobile Internet to customers throughout Mexico, it is important for us to partner with leading service providers like WFI. WFI`s engineering expertise, quality and proven track record will allow us to quickly and cost-effectively expand our network to meet the ever growing demand for our services,`` said Michael Robinson, Chief Operating Officer of PEGASO PCS.

``Increasingly, our customers are looking to us for complete turnkey network outsourcing solutions to position themselves for profitable expansion,`` said William Mazilly, Senior Vice President and General Manager of WFI de Mexico, WFI`s wholly owned subsidiary. ``We are confident that we can continue to deliver to PEGASO the quality, reliability and time to market advantage they have come to expect from WFI.``

About PEGASO PCS

PEGASO is a Mexican telecommunications company composed of Grupo Pegaso, Sprint PCS, Leap Wireless International, Citicorp, LAIF, and Nissho Iwai. With a planned initial investment of greater than $1.8 billion, Pegaso is deploying the first 100 percent digital network in Mexico offering state of the art technology in voice and data services. PEGASO has launched PCS service in Mexico, Guadalajara, Monterrey, Tijuana, Ensenada, Reynosa, Nuevo Laredo Toluca and Chapala and will offer nation-wide service by the end of 2001. Having acquired the necessary licenses to offer mobile and wireless local loop services, PEGASO expects to offer top-quality services to a significant share of the Mexican market in the coming years. For more information, please visit www.pegasopcs.com.mx

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

WFI and the WFI Globe logo are registered trademarks of Wireless Facilities, Inc.

http://biz.yahoo.com/prnews/010419/lath068.html

[mr007]

moin kosto, moin panik,
heute kommt die stunde der wahrheit!
ich habe in den vergangenen tage ein paar aktien abgestaubt, ob zum traden oder vielleicht ein bissel long entscheiden die qz und natürlich der ausblick.
viel glück mr007

[Kostolany4]

@mr007
Ich konnte auch nicht widerstehen: WFII bei 6,05.
Vectorvest berechnet einen Wert von 18,90.
Ein weiteres Limit von mir liegt mit 6,25 im Markt.
Diese Wireless-Technik ist eine Zukunftstechnik, das haben bisher nur die
wenigsten verstanden. Sie glotzen auf die momentanen Quartalszahlen und prügeln
dann die Werte runter.

Mein Credo ist: Wer überlebt, macht seine 500% bis in 3-4 Jahren.

[Kostolany4]

WILMINGTON, Del., May 23 /PRNewswire/ -- Juniper Bank (www.juniperbank.com), an online and wireless credit card and financial services company and adivision of Columbus Bank and Trust Company, has extended its wireless banking capabilities to owners of Palm OS-based personal digital assistants (PDAs).Starting today, consumers can download Juniper`s wireless banking application and enjoy the `anytime, anywhere` convenience of wireless banking through theirPalm V, Palm VII or Handspring Visor*. The service is free for all Juniper Bank customers.

Juniper Bank`s wireless offering is the most robust of any retail bank. Using a Web-enabled phone or PDA, Juniper customers can view account balances, pay bills,receive alerts about important account activity and transfer funds between their Juniper and external bank accounts -- a feature offered by no other financialinstitution. Juniper plans to add additional wireless devices to its offering in the coming months.

``Juniper`s wireless banking service transforms the PDA into one of the most powerful, yet easy to use, personal financial management tools available,`` said JimStewart, president of Juniper Financial Corp. ``Through our wireless offering, the relationships we have with our customers don`t end when they step away from theirPCs. Instead, they can bring Juniper Bank with them everywhere they go and bank on their own terms and schedule.``

Juniper Bank`s wireless platform was developed by Aether Systems (Nasdaq: AETH - news), a leading provider of wireless data products and services. JohnShepley, vice president of Aether Systems` Financial Services division states, ``Consumers who embrace financial management on-the- go will be drawn to the abilityto access their account information from the wireless device of their choice, be it a phone, PDA or other device.``

http://biz.yahoo.com/prnews/010523/phw016.html

Sonst gibt es nicht viel Neues in der Wireless-Branche, lediglich bei
Metricom gab es die Meldung, daß sie mit einem ähnlichen Anbieter (Aplus.net) in
San Diego fusionieren. Metricom ist bisher nur in der San Franciso Bay präsent.
Wer über den Tellerrand hinausblickt, sieht die enormen Wachstumschancen
dieser Branche. US Wireless ist einzig und allein von ihrem Radio Camera
System abhängig, das zur Ortung von Handys dienen soll. Wird es nicht bald implementiert,
sehe ich schwarz für USWC. Ein Viertel der Angestellten mußte entlassen werden.

Vector-Vest-Bewertungen
Aktie /Akt.Kurs/ Vector-Vest-Wert /Buchwert
WFII / 5,89 / 9,93 / 4,50
MCOM / 4,71 / 4,08 / 8,59
AETH / 13,8 / 19,13 / 23,49
USWC / 3,08 / 0,35 / 0,59

Fazit:
Die Branche muß weiter beobachtet werden, selektive Investments in WFII, AETH
und MCOM halte ich für vertretbar, nachdem sich technisch eine saubere Bodenbildung
abzeichnet. Für größere Engagements ist es wahrscheinlich sinnvoller, einen Ausbruch
abzuwarten. Die gesamte Branche erhält man derzeit unter Buchwert, und die enorme
Zukunftsfantasie kostet nicht einen Cent. Ein Investment vom Feinsten für Leute,
die Hirn haben und nicht der großen Hammelherde nachlaufen.
Buchwerte zum Vergleich: Microsoft 9.01, Cisco 3.30

[cuttysark]

Es gibt noch mehr:

http://UMTS-Disaster.com/stocks/wireless.html


und noch mehr: Wi-Lan, JPMobile, Mesh Networks, 4gnt.com, Flarion, Atheros, Mobilian


cuttysark

[Kostolany4]

Etwas Erfreuliches (und Seltenes) bei WFII: Insiderkäufe !

http://biz.yahoo.com/t/w/wfii.html

Die Gebrüder Tayebi (der eine ist Chairman, der andere CEO) kaufen regelmäßig in kleineren
Portionen eigene Aktien auf. Der naheliegendste Grund ist, daß eine gute
Meldung im Busch ist und die Aktie vor einem Ausbruch steht. Ich stocke
meinen Bestand nochmal um 50% auf.

[Kostolany4]

Wireless Facilities Signs Global Agreement to be a Major Provider of Network
Design Services to Siemens

- WFI to Provide Radio Frequency and Fixed Network Engineering Services For GSM and Next
Generation Networks -

SAN DIEGO, June 12 /PRNewswire/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the
planning, design, deployment and management of wireless telecommunications networks, announced today that it has signed a
global agreement to provide radio frequency and fixed network engineering services to the Siemens Information and
Communication Mobile Group (IC Mobile) in support of their development of GSM, 2.5, and 3G wireless mobility networks.
As part of this agreement WFI will serve as a major vendor and provide Siemens IC Mobile with engineering services to
projects in Europe, Latin America and the Middle East.

WFI has developed significant capabilities and experience for turnkey network planning and implementation of GSM, 2.5 and
3G networks throughout Europe, including large scale UMTS network design experience in Portugal, Spain, the Netherlands,
Germany, and the United Kingdom. As an active participant in wireless industry standards activities, WFI is also helping to
transform the wireless voice market into a voice and data-rich services environment.

``With global experience in both GSM and CDMA network design, WFI was uniquely positioned to deliver the resources and
expertise necessary to meet our demanding goals,`` said Frank Meywerk, vice president of network design and consulting
within the Siemens Information and Communication Mobile Group. ``The flexibility and effectiveness of WFI was also a key
consideration in our decision, and something we`ve come to expect from this trusted solutions partner.``

``As wireless mobility evolves from a voice centric service into a data-rich environment, the migration to next-generation
technologies will require a market driven focus to business and network planning,`` said Thomas Munro, president of WFI.
``We are pleased that Siemens IC Mobile, as a leading supplier for mobile network infrastructure, continues to look to WFI to
support their proactive approach to next generation mobile network design and deployment.``

http://biz.yahoo.com/prnews/010612/latu043.html


Hier die Kurzmeldung:
8:05AM Wireless Facilities (WFII) 6.88: Signs a global agreement to provide radio frequency and fixed network
engineering services to the Siemens Information and Communication Mobile Group in support of their development of GSM,
2.5, and 3G wireless mobility networks. WFII will serve as a major vendor and provide Siemens IC Mobile with
engineering services to projects in Europe, Latin America and the Middle East.

[panik]

3 Wireless Plays for 2002
By Hal Plotkin
CNBC.com Silicon Valley Correspondent


Back to Previous Page
Jun 18, 2001 02:11 PM





Several analysts say the wireless sector`s recent plunge has opened up attractive buying opportunities at some smaller wireless enabling firms such as 724 Solutions Inc. {SVNX, News, Boards}, Aether Systems Inc. {AETH, News, Boards}, and Openwave Systems Inc. {OPWV, News, Boards}.

Given current market conditions and the uncertain state of the economy, it`s likely that investors will have to wait at least a year to find out if the optimism is justified. But if the predictions pan out, investors could secure some rather nice returns by getting their bets down now on firms that are taking an early lead in creating the software infrastructure for the first wave of practical data-intensive wireless applications.

On Thursday, New York-based FAC/Equities analyst Etan Ayalon initiated coverage of 724 Solutions, Aether Systems and Openwave Systems with buy recommendations on all three. The analyst set 12-month price targets of $14 on 724 Solutions, $18 on Aether Systems, and $50 on Openwave Systems.

Ayalon also released a 400-page report this week that focuses on the short and long-term future of what he calls the movement toward "pervasive computing."



It`s a massive, long-term trend," he says. "Pervasive computing is about enabling people to get immediate access to information and services anywhere, anytime, simply, and intuitively."

Tales of fanciful wireless applications whose actual widespread deployment is uncertain have already burned many investors, even when those areas appear very attractive. Eventually, for example, it`s quite likely that parents will be able to get live video and audio feeds from their children`s school classrooms or daycare facilities piped directly to a small screen on their web-enabled cell phones or personal digital assistants, say, to watch a school play or a report presentation.

Others predict that wireless users will also be able to more easily exchange data, comparison shop, and enjoy a wide variety of new entertainment services once broadband wireless connections are more readily available.

It`s the waiting, however, that is driving at least some investors nuts.

Which is one of the reasons Ayalon and others recommend investing in niche companies that already have real customers in growing markets rather than betting on firms such as wireless carriers who may or may not do a good job of capturing revenues from those markets.

"It`s not going to be five to 10 years," says Charul Vyas, an analyst with International Data Corp., based in Austin, Texas. "All the U.S. carriers are upgrading their networks now. End users are not comfortable with slow data rates. Consumers will be much more likely to use those services when the data rates improve, but it is going to take some time."

In the meantime, however, Ayalon and others say the best bets right now can be found among the smaller software firms that have shown they have the technical building blocks needed to rollout successive waves of new wireless services, particularly in the financial services, corporate, and carrier markets.

Although all three firms are yet to turn a profit, wireless experts on and off Wall Street agree that 724 Solutions, Aether Systems and Openwave Systems are three such names.

Maryland-based Aether Systems Inc. develops wireless data systems that enable mobile data communications and real-time transactions on handheld devices. The firm has some customers in the financial services industry, including Charles Schwab Corp. {SCH, News, Boards} and E*Trade Group Inc. {EGRP, News, Boards}.

Aether is best known for its success in corporate and enterprise markets where it has won business from firms and organizations such as the U.S. Postal Service, and delivery operations such as Southeastern Freight and Golden Eagle Express.

"Aether`s share price has declined precipitously recently due to the tech sector downturn and pessimism about wireless data adoption rates," says Prabhas Panigrahi, an analyst at Dresdner, Kleinwort Wasserstein, based in New York, in a recent research note.

Panigrahi notes, however, that Aether still had $732 million in cash and cash equivalents on hand as of the conclusion of the first quarter, ended March 31, when the company posted slightly lower than expected losses on slightly higher than forecast revenues.

"We believe Aether, with its market and technology leadership, presents an attractive risk-reward opportunity at today`s prices," he says.

Openwave Systems Inc., based in Redwood City, Calif., is the leading vendor of Internet-based software infrastructure to major wireless carriers, having captured 70 percent market share of the early test, or "beta" deployments, according to a Merrill Lynch report published on June 5.

"Margin expansion [at Openwave] should drive earnings growth well in excess of revenue growth," writes Merrill Lynch analyst Virginia Genereux. "Our aggressive case model has fifty percent revenue growth through calendar year 2004 and 75 percent earnings per share annual gains."

As of the end of 2000, Openwave had cash, cash equivalents and short-term investments of $435 million on hand, excluding $20.7 million set aside as restricted cash.

Toronto-based 724 Solutions likewise specializes in a potentially lucrative niche by providing wireless application software primarily to the banking and securities industries. The firm`s early customers include Citigroup Inc. {C, News, Boards}, Wells Fargo & Company {WFC, News, Boards}, Wachovia Corp. {WB, News, Boards}, and the Bank of Montreal {BMO, News, Boards}. Major owners include its customer, Citigroup, which owns almost 10 percent of the firm, and Bank of America Corp. {BAC, News, Boards}, which owns more than six percent.

As of March 31, 2001, the company`s cash, cash equivalents and short-term investments totaled $168.3 million, $1.7 million more than it had on hand at the end of the previous quarter.

And 724 Solutions was one of last year`s IPO all-stars, rocketing up more than 175 percent on its first day of trading on January 27, 2000. The stock quickly climbed to over $240 a share in a rise that was boosted, in part, by positive sentiments growing out of the firm`s close ties to the banking industry.

"Being close to the banks is something that will prove very beneficial," Mark Quigley, an analyst with Ontario-based Yankee Group, said at the time the firm went public. "Establishing a reputation in association with the banks will be an advantage as they transfer the technology to other vertical markets."

The same is true now, say the analysts. What`s different, however, is that investors who believe in the future of the wireless sector can now buy some of the most respected early software leaders at prices that are far more attractive than they were last year.

"The Nasdaq decline impacted these stocks and people have a lot of uncertainty these days talking about things we can`t see and do right now," says Vyas, of industry analysis firm IDC. "But these three really are the leaders in the space. Each of them has a pretty sound market they are focused on."

But before investors race off to buy those stocks they should also be aware that current analyst comments probably won`t mean a lot to value investors and those managing value funds, who typically like to see predictable earnings before they invest. Likewise, it`s always possible that other strong competitors may yet emerge to take business away from the early leaders.

Nonetheless, the experts say that these three stocks look attractive for investors who don`t mind taking on some risks in hopes of getting ahead of the pack.

[panik]

Wireless Facilities Names New Board Members
- William Hoglund and Dr. David Lee Elected to Board at WFI`s Annual Shareholders Meeting -
SAN DIEGO, June 26 /PRNewswire/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the planning, design, deployment and management of wireless voice and data networks, today announced that at its annual meeting, shareholders re-elected Massih Tayebi, Masood Tayebi, Scott Anderson and Scot Jarvis. Bandel Carano did not stand for re-election. Shareholders also elected two new directors, William Hoglund and Dr. David Lee, were elected to the Board, bringing the number of directors to seven.

William Hoglund previously served as an advisor to WFI`s Board of Directors, and became a director of the Company in February 2001. He has also served as a director of Nextel Communications and XO Communications, Inc. From 1977 to 1995, Mr. Hoglund served in a number of positions with J.P. Morgan & Co., most recently as a Managing Director in its Investment Banking group. Mr. Hoglund holds a B.A. from Duke University and an MBA from the University of Chicago.

David Lee co-founded Clarity Partners, a private equity and venture capital firm, and has served as a managing general partner since its founding. Prior to the formation of Clarity Partners, Dr. Lee co-founded Global Crossing in 1997, a global broadband communications services provider. From 1989 to 1997, Dr. Lee was a managing director at Pacific Capital Group, a private equity firm. Dr. Lee holds a B.S. in physics from McGill University and a Ph.D. in physics and economics from the California Institute of Technology.

``We are pleased to have these gentlemen join our board. Bill and David add significant strength to WFI`s board through their business acumen garnered over years of experience in the telecommunications industry, including satellite, fixed wireless broadband and wireless mobility,`` said Massih Tayebi, WFI Chairman of the Board. ``Both individuals bring unique financial and operational perspectives to WFI, having transformed entrepreneurial vision into highly successful public multi-national organizations. We look forward to their vision and contributions as we expand our worldwide presence.``

In other matters before shareholders, KPMG LLP was ratified as the Company`s independent auditors and the amendments to the Company`s Employee Share Purchase Plan and 1999 Equity Incentive Plan were both approved.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to approximately 2,000 employees and has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com. WFI® is a registered trademark of Wireless Facilities, Inc.

Forward Looking Statement -- This news release contains certain forward- looking statements that involve risks and uncertainties. Words such as ``anticipates,`` ``expects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements. Forward looking statements include the Company`s belief that the new board members will be able to bring perspectives that will enable the Company to expand its business worldwide. Such statements are only predictions and the company`s actual results may differ materially from those anticipated in these forward-looking statements. Factors that may cause such differences, include, but are not limited to; any adverse impacts arising from current wireless industry fundamentals and/or economic conditions that could harm the Company`s business, for example, continued slowdowns in telecommunications infrastructure spending which could further delay network deployment and reduce demand for the Company`s services. These factors and others are more fully discussed under ``Risk Factors`` and elsewhere in the Company`s registration statement on Form S-1, the Company`s annual report on Form-10-K and the Company`s quarterly report on Form 10-Q filed on March 29, 2001 and May 15, 2001, respectively, with the Securities and Exchange Commission.

For further information please contact Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., 858-228-2450, [e-mail].

SOURCE: Wireless Facilities, Inc.

[matthiasch]

@Panik
Wo machst du denn noch alles?!?!?!
Das ist ja Wahnsinn

Ich suche die die ganzen Werte bei Yahoo.com zusammen und schaue dann mal was die WO-User davon halten und...

[matthiasch]

Und auch noch verschrieben...
Meine was nicht wo......

[Kostolany4]

Metricom files for Chapter 11 bankrupty
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yh…

Eine große Überraschung ist es nicht, nachdem sie bereits seit Monaten
nicht mehr liquide sind. Dieses Beispiel eines großen Mitbewerbers zeigt,
wie hart das Brot in dieser Branche momentan verdient wird. Auch USWC dürfte
platt sein, nur kommt hier dazu, daß sie eine so chaotische Buchhaltung gemacht
haben, daß sie vermutlich nicht wissen, daß sie pleite sind. Bei MCOM könnte
ich mir übrigens durchaus vorstellen, daß sie nach der Gläubigerschutz-frist
wieder auferstehen. Es sind dort potente Geldgeber wie Paul Allen an Board.
Bei verbesserten Geschäftsaussichen startet auch MCOM wieder durch. IMHO werden
WFII und AETH die Durststrecke gut überstehen und danach gut ins Geschäft kommen.
Ich gehe bei beiden von einer Verdopplung binnen Jahresfrist aus und sammle derzeit
immer wieder ein paar WFII ein. Die Chancen überwiegen die Risiken. Bei WFII düfte
auch ein Boden erreicht sein, bei AETH ist es mit dem Boden noch nicht sicher.

[panik]

Wireless Facilities Comments on Metricom News
SAN DIEGO, July 2 /PRNewswire/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - news), a global leader in the planning, design, deployment and management of wireless voice and data networks, today said that one of its former customers, Metricom, Inc. (Nasdaq: MCOM - news), has filed for bankruptcy protection. On February 23, 2001, WFI publicly announced that it had received notice of contract suspension and termination from Metricom for WFI`s engineering and deployment services.

In response to the Metricom bankruptcy filing, the Company anticipates that it will take a one time charge and reserve for the entire Metricom receivable of $13.6 million in the second quarter of fiscal 2001. The Company reiterates its earlier guidance that no material revenues from Metricom were anticipated in the second half of the year.

Commenting on the news, WFI President Tom Munro said, ``Despite several broadband wireless carrier bankruptcies, the basic fundamentals of mobile wireless telephony remain encouraging for the long-term. Growth in net subscriber additions and growth in subscriber minutes of use were strong in the most recently reported period and we believe this bodes well for future infrastructure investments to support demand for 2G wireless voice services alone. In addition to this, the decision by wireless carriers to provide consumers and business customers with always-on data services over enhanced networks late this year or next year, should help create increasing demand for network design and deployment services.``

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has grown to more than 2,000 employees and has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

WFI and the WFI Globe logo are registered trademarks of Wireless Facilities, Inc.

Notice Regarding Forward Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as ``anticipates,`` ``expects,`` ``projects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that the wireless industry`s long-term fundamentals remain strong for the Company`s services and that the Company can continue to execute its business plan well in relation to the market opportunities. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause such differences, include, but are not limited to: slowdowns in telecommunications infrastructure spending which could delay network deployment and reduce demand for the Company`s services; the Company`s ability to hire and retain key personnel; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; continuing industry investment in next-generation wireless deployments; competition in the marketplace which could reduce revenues and profit margins; lower customer satisfaction levels for services performed by the Company. These factors and others are more fully discussed under ``Risk Factors`` and elsewhere in the Company`s registration statement on Form S-1, the Company`s annual report on Form 10-K filed on March 29, 2001 and the Company`s Form 10-Q filed on May 15, 2001 with the Securities and Exchange Commission.

For further information, please contact Investor, Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., 858-228-2450, [e-mail].

SOURCE: Wireless Facilities, Inc.

[Kostolany4]

Trotz der uneinbringlichen Außenstände von 13,6M reagiert der Kurs von WFII
nicht auf die Chapter-11-Nachricht von MCOM, also war der Ausfall längst
eingepreist.

Ich interpretiere die obige Grafik so, daß - wie schon gesagt - WFII seinen
Boden hinter sich hat und AETH gerade dabei ist, diesen zu bilden.

[F 50]

08.08.2001 22:50:00: Wireless Facilities: Zahlen und Ausblick sehr stark
Das Wireless-Unternehmen Wireless Facilities erklärte nach Börsenschluß, daß man im zweiten Quartal mit einem Gewinn von 4 Cents/Aktie die Konsensschätzungen, die von einem Verlust von 6 Cents/Aktie ausgegangen waren, um 10 Cents deutlich übertreffen konnte. Die Umsätze fielen um 7,9% im Jahresvergleich auf 54,7 Mio %, was aber noch immer über den Konsensschätzungen von 54 Mio $ lag. Zudem gab man einen sehr optimistischen Ausblick auf die kommenden Quartale. In diesen sollen sowohl die Umsatz- als auch die EBITDA-Wachstumsraten deutlich anziehen können, für das Gesamtjahr 2001 rechne man nun gar mit einem Umsatz zwischen 217 und 240 Mio $. Analysten gehen nur von 220 Mio $ für das Gesamtjahr aus.

© BörseGo

[panik]

Triton PCS Renews Long-Term Contract with Wireless Facilities For Network Performance Optimization Services
SAN DIEGO, Sept. 18 /PRNewswire/ -- Wireless Facilities Inc. (WFI) (Nasdaq: WFII - news) announced today that it has signed a three-year contract with Triton PCS, (NYSE: TPC - news) to provide radio frequency (RF) optimization and performance engineering services. The contract extends an earlier agreement through June of 2004. Under this agreement, WFI will provide continuous maintenance of Triton`s RF network performance, including network failure analysis and resolution, statistical reporting, network and competitive benchmarking, frequency planning, RF engineering, traffic channel forecasting and switch integration support.

Triton PCS, the first member of the AT&T Wireless Services Inc. network of affiliates, provides 1900 MHz TDMA service covering a population of 13.8 million people in a contiguous geographic area encompassing 37 markets in Virginia, North Carolina, South Carolina, northern Georgia, northeastern Tennessee and southeastern Kentucky.

``Triton PCS is delivering what we believe to be the best wireless service in the most attractive Southeastern markets,`` said Steve Skinner, Triton PCS president and chief operating officer. ``We pride ourselves on unparalleled network performance and the highest level of customer service, both of which have resulted in one of the most loyal customer bases in the industry. WFI has been an essential partner in helping us to deliver seamless, quality coverage and capacity to our subscribers. We are pleased to extend our partnership with WFI for network optimization services based on their commitment and performance during the past couple of years and look forward to the continued success of both companies toward our mutual goal of `best-in-class` wireless service.``

Commenting on the newly signed agreement, Masood Tayebi, Chief Executive Officer at WFI said, ``We are honored that Triton PCS has reaffirmed its commitment to this partnership. The spirit of teamwork and absolute highest standards of engineering practices have helped make Triton PCS a market leader in the Southeast and have established WFI as a long-term, value-added partner. This contract extension reinforces the value of a true outsourcing model. Unlike traditional time and expense consulting services, WFI will meet specific system performance criteria on a fixed price, time certain basis under this agreement.``

About Triton PCS

Triton PCS, based in Berwyn, Pennsylvania, is a leading provider of digital wireless phone service in the Southeast licensed to operate in a contiguous area covering more than 13 million people in Virginia, North Carolina, South Carolina, northern Georgia, northeastern Tennessee and southeastern Kentucky. The company markets its services under the brand SunCom, a member of the AT&T Wireless Network.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

WFI and the WFI Globe logo are registered trademarks of Wireless Facilities, Inc.

Notice Regarding Forward Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as ``anticipates,`` ``expects,`` ``projects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that its relationship with Triton PCS will result in continued business. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause such differences, include, but are not limited to: slowdowns in telecommunications infrastructure spending which could delay network deployment and network management reducing demand for the Company`s services; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; the Company`s ability to hire and retain key personnel; competition in the marketplace which could reduce revenues and profit margins; lower customer satisfaction levels for services performed by the Company. These factors and others are more fully discussed under ``Risk Factors`` and elsewhere in the Company`s registration statement on Form S-1, the Company`s annual report on Form 10-K filed on March 29, 2001 and the Company`s Form 10-Q filed on August 15, 2001 both with the Securities and Exchange Commission.

For further information, please contact Mark Francois, Director, Investor Relations, Wireless Facilities, Inc., [phone], [e-mail].

SOURCE: Wireless Facilities Inc.

[panik]

Wireless Facilities Reports Results for Third Quarter 2001
- Revenue of $54.8 Million In Line with Q2 - - Net Cash Positive Quarter - - EBITDA Improves 53% to $2.6 Million Compared to Pro Forma 2Q 01 -
SAN DIEGO, Nov. 7 /PRNewswire/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the design, deployment and management of wireless telecommunications networks, today announced financial results for the third quarter and nine months ended September 30, 2001.

Revenue for the third quarter totaled $54.8 million, an increase of $0.1 million sequentially from the second quarter of 2001, but a decrease of 25 percent compared to the $73.1 million reported in the third quarter of 2000.

Excluding the effects of amortization of goodwill and intangibles, net income was $0.8 million, or $0.02 per diluted share, compared to pro forma net income of $1.8 million, or $0.04 per diluted share, in the second quarter of 2001. Pro forma net income in the second quarter excluded a number of unusual charges, which were highlighted in the Company`s second quarter press release. There were no unusual charges in the third quarter.

``Within a challenging wireless environment, the Company reported a solid quarter,`` said Thomas Munro, President of WFI. ``We expanded our business with several leading carrier customers including Telcel, AT&T Wireless and Verizon Wireless, however, this was offset by customer delays and cancellations of other projects, which we expected to begin in the third quarter.

An expanding subscriber base and emerging wireless data services should drive future network infrastructure services, and in preparation, we continue to build on our customer relationships and strengthen our internal financial position.``

On October 11, 2001, WFI announced that it had secured $35 million in a private placement of Series A Preferred stock with Oak Investment Partners, at a common stock equivalent price of $5.50 per share. These Preferred shares may be converted into common stock at any time, however, the common stock is subject to an 18-month lock up period from the date the private placement closed.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, VA, Montvale, NJ, London, Gothenburg, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

Notice Regarding Forward Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as ``anticipates,`` ``expects,`` ``projects,`` ``intends,`` ``plans,`` ``believes,`` ``may,`` ``will,`` and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that it can effectively manage its business, build upon its customer relationships and achieve continued progress with respect to improving its financial condition within a wireless environment of low visibility, and that positive industry fundamentals will continue. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated.

Factors that may cause such differences, include, but are not limited to: additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; the adoption rate of new wireless data services, potential losses arising from business transactions such as write-offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions or changes in the Company`s effective income tax rate; the Company`s ability to attract, hire and retain key personnel; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These risk factors and others are more fully discussed under ``Risk Factors`` and elsewhere in the Company`s registration statement on Form S-1 and the Company`s annual report on Form 10-K filed on March 29, 2001 and second quarter report on Form 10-Q filed on August 10, 2001 with the Securities and Exchange Commission.


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended
June 30, June 30, September 30,
2001 2001 2001
Reported Pro Forma Reported

Revenues $ 54.7 $ 54.7 $54.8
Cost of revenues 32.5 32.5 37.0
Gross profit 22.2 22.2 17.8
Selling, general and administrative
expenses 40.3 18.9 15.9
Depreciation and amortization 5.5 5.5 5.6
Impairment charges 12.9 -- --
Operating loss (36.5) (2.2) (3.7)
Other expenses, net (2.4) (2.4) (0.2)
Loss before taxes (38.9) (4.6) (3.9)
Benefit for income taxes (0.6) (3.0) (1.0)
Net loss $(38.3) $ (1.6) $(2.9)

Net loss per common share -
basic and diluted $(0.87) $(0.04) $(0.06)

Weighted-average common shares
outstanding - basic and diluted 44.1 44.1 46.4

Net loss adjusted for amortization
and impairment charges:
Net loss $ (38.3) $ (1.6) $ (2.9)
Amortization and impairment
of goodwill and other
intangible assets 16.3 3.4 3.7
Adjusted net income (loss) $ (22.0) $1.8 $0.8

Adjusted net income (loss) per
common share - basic and diluted $(0.50) $ 0.04 $0.02

Weighted-average common shares
outstanding (for adjusted net income):
Basic 44.1 44.1 46.4
Diluted 44.1 46.2 47.6


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Nine months ended
September 30, September 30, September 30,
2000 2001 2001
Reported Pro forma Reported

Revenues $ 175.9 $ 162.2 $ 162.2
Cost of revenues 99.2 108.6 108.6
Gross profit 76.7 53.6 53.6
Selling, general and administrative
Expenses 34.7 65.1 86.5
Depreciation and amortization 5.8 16.5 16.5
Impairment charges -- -- 12.9
Operating income (loss) 36.2 (28.0) (62.3)
Other income (expense), net 1.1 (4.8) (4.8)
Minority interest in subsidiary 0.1 -- --
Income (loss) before taxes 37.2 (32.8) (67.1)
Provision (benefit) for income taxes 14.5 (19.8) (17.4)
Net income (loss) $ 22.7 $(13.0) $(49.7)

Net income (loss) per common share:
Basic $ 0.55 $(0.29) $(1.09)
Diluted $ 0.45 $(0.29) $(1.09)

Weighted-average common
shares outstanding:
Basic 41.4 45.4 45.4
Diluted 50.3 45.4 45.4

Net income (loss) adjusted for
amortization and impairment charges:
Net income (loss) $ 22.7 $(13.0) $(49.7)
Amortization and impairment of
goodwill and other intangible assets 4.0 10.7 23.6
Adjusted net income (loss) $ 26.7 $ (2.3) $(26.1)

Adjusted net income (loss) per
common share:
Basic $0.64 $(0.05) $(0.57)
Diluted $0.53 $(0.05) $(0.57)


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions)

June 30, September 30,
2001 2001
ASSETS
Current assets:
Cash and cash equivalents $8.2 $12.0
Billed accounts receivable, net 34.5 38.3
Unbilled accounts receivable, net 48.5 53.8
Contract management receivables, net 17.3 8.0
Other current assets 44.1 26.4
Total current assets 152.6 138.5
Property and equipment, net 20.7 20.1
Goodwill, net 61.8 56.8
Other assets, net 20.4 20.1
Total assets $255.5 $235.5

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable and accrued expenses $30.9 $22.4
Contract management payables 7.4 5.4
Billings in excess of costs and profits 1.6 0.9
Capital lease obligation 4.2 4.4
Line of credit payable 23.0 23.0
Notes payable - current portion .2 .2
Common stock to be issued -- 7.3
Total current liabilities 67.3 63.6
Notes payable, net of current portion 0.5 0.5
Capital lease obligation - net of
current portion 6.2 5.1
Common stock to be issued 10.5 --
Other long-term liabilities 4.0 4.0
Total liabilities 88.5 73.2

Minority interest 0.1 0.1

Stockholders` equity 166.9 162.2

Total liabilities and
stockholders` equity $255.5 $235.5

SOURCE: Wireless Facilities, Inc.

[panik]

Schema Selects Wireless Facilities as a Preferred Global Vendor for Radio Frequency -RF- Engineering Support Services
ROCHELLE PARK, N.J.--(BUSINESS WIRE)--Dec. 4, 2001--Schema Inc., the leading global provider of advanced wireless network optimization and planning solutions, today announced that it has selected Wireless Facilities Inc. (WFI) (NASDAQ: WFII - news), as one of Schema`s preferred providers of advanced engineering services to support their full service network optimization solution for wireless operators. Under the terms of the agreement, WFI will provide Radio Frequency (RF) support services to Schema for projects performed on a worldwide basis.

``As the demand for Schema`s solution continues to grow both in the United States, Latin America, and Europe, we have decided to work with WFI to jointly provide our clients with both the best-of-breed software solutions and the highest quality professional services,`` said Andy Silberstein, president, Schema Inc. ``WFI provides expert resources for spectrum optimization in the industry, and their approach is a perfect fit for Schema. Together, we will provide wireless carriers with an unprecedented level of service and the most advanced solution available in the market today.``

``We are proud to have been selected by Schema as part of a comprehensive software optimization solution, which enables wireless carriers to extract maximum efficiency from their expensive and limited spectrum resources,`` said Masood Tayebi, Ph.D., chief executive officer and & co-founder of WFI. ``Schema`s proven software platform, together with WFI`s advanced design and optimization expertise provides wireless carriers with a full service solution to enhance network asset efficiency and lower network capital costs. We look forward to a productive continuation of this global relationship.``

Schema and WFI will consult on a variety of projects. Initial cooperation between the two companies has already been a success and increased cooperation will result from an increase in demand for Schema`s optimization solution.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 110 countries since the company was founded in late 1994. The company has offices in Dallas, Chicago, Seattle, Reston VA, Montvale NJ, London, Gothenburg, Frankfurt, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

WFI is a registered trademark of Wireless Facilities, Inc.

About Schema Inc.

Schema Inc. is the leading global provider of advanced optimization and planning solutions that improve the way wireless carriers plan, implement and manage their networks. Schema`s unique, comprehensive approach to network optimization enables operators to increase capacity, enhance quality of service and improve capital efficiency by maximizing the value of existing systems. Schema`s Telecom Resource Management (TRM) platform delivers an integrated suite of software and services that combine highly intelligent, comprehensive and forward-thinking data usage techniques for rapidly responding to and capitalizing on market changes. The powerful combination of Schema`s total network optimization solutions and extensive expertise in the wireless field facilitates all stages of network optimization, planning and deployment.

By helping carriers achieve unparalleled system-wide performance through the automated fine-tuning of vital network parameters, Schema ensures its customers leveraging existing and future resources in the most advantageous manner throughout the migration to new standards. Schema`s TRM solutions are deployed and benchmarked by leading wireless operators worldwide, including Verizon Wireless, Cingular Wireless, U.S. Cellular, BellSouth Cellcom Israel, Cellcom Greenbay and Pelephone. For more information about Schema, visit the company`s Web site at www.schema.com.



--------------------------------------------------------------------------------
Contact:

Connors Communications
Alayna Tagariello, 917/408-6825
[e-mail]
or
Schema Ltd.
Monica Maron, 011-972-9-9567955
[e-mail]
or
Wireless Facilities, Inc.
Mark Francois, 858/228-2450
Director, Investor Relations
[e-mail]

[pomade]

Wireless Facilities Comments on First Quarter
Substantial Net Loss Expected in First Quarter, but New Business Wins Enable Company to Give Positive Guidance for Second Quarter
SAN DIEGO, April 30 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - news), today announced that its first quarter results will reflect the continued weakness in the telecommunications market, specifically the level of wireless telecom infrastructure spending in the first quarter of 2002. The Company experienced a continuation of customer slowdowns and postponements related to wireless network deployment in the first quarter as highlighted in its recent Annual Report on Form 10-K filed with the SEC on March 19, 2002.

As a result of this environment, Company management presently expects to report first quarter revenue of approximately $40 million. The Company also expects to report a very substantial net loss for the quarter resulting from management decisions related to business model changes, significant cost cutting actions and expense reductions implemented in the quarter, including a downsizing in work force. The continued weaknesses in the telecom market also triggered asset impairment charges with regard to goodwill, finite life intangibles and other long-lived assets and charges for unused/underutilized lease space. These measures were taken in large part to enable the Company to more efficiently scale its ongoing costs to achieve targeted levels of profitability. Nearly all of the charges expected to be reported are expense accruals recognized in the quarter and are not items that impact cash for the quarter.

Favorable events also emerged for the Company during the first half of 2002. Under separate cover, WFI will announce that it has been awarded a major, long-term contract from Bechtel Corporation in support of the nationwide GSM/GPRS network overlay project by Cingular Wireless, the second largest wireless carrier in the United States.

Because of the Bechtel win and other new business earned in the first quarter, in concert with the financial programs referenced above, the Company expects to have positive earnings before income taxes and depreciation and amortization expenses (EBITDA) in the second quarter 2002, based on a five percent sequential quarterly increase in revenue.

The Company intends to report first quarter 2002 results on Wednesday, May 8, 2002 at 1:05 PM (Pacific Time). At 1:30 PM (Pacific Time), the Company will host its quarterly conference call to discuss first quarter results. The conference call may be accessed by dialing [phone]. A replay of the conference call will be available for 48 hours beginning at 3:30 PM (Pacific Time) on May 8, 2002. To access the replay, dial [phone] and use the reservation number 20517484. The conference call will also be broadcast live over the Internet. To listen, please visit the Company`s Website at www.wfinet.com. Click on Investor Relations and follow the prompts.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, VA, Montvale, NJ, London, Gothenburg, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com.

Forward Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that new business wins improve Company visibility to the extent the Company can accurately forecast sequential quarterly increases in revenue and EBITDA earnings for the second quarter of fiscal 2002, within a wireless environment generally characterized by low visibility. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause the Company`s results to differ, include, but are not limited to: the Company`s first quarter results have not yet been finalized or reviewed by the Company`s auditors; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from business transactions and the Company`s restructuring as part of its new business model, including potential write-offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions and changes in the Company`s business model; changes in the Company`s effective income tax rate and severance related expenses, including write-downs and charges associated therewith; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These risk factors and others are more fully discussed under "Risk Factors" and elsewhere in the Company`s registration statement on Form S-1 and the Company`s Annual Report on Form 10-K filed on March 19, 2002 with the Securities and Exchange Commission.

For further information contact Investor/Media, Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., [phone], [e-mail].

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SOURCE: Wireless Facilities, Inc.

[pomade]

Wireless Facilities Awarded Contract From Bechtel Corporation for Cingular Wireless GSM/GPRS Overlay Project
SAN DIEGO, May 1 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the design, deployment and management of wireless telecommunications networks, today announced that WFI has been awarded a three year subcontract from privately held Bechtel Corporation in conjunction with Cingular Wireless` nationwide network overlay project of GSM/GPRS technologies. Cingular Wireless, the nation`s second largest wireless service provider, is a joint venture between SBC Communications (NYSE: SBC - news) and Bell South (NYSE: BLS - news). Financial terms of the contract were not released.

Commenting on the recently signed agreement, Masood K. Tayebi, chairman and chief executive officer at WFI, said, "Today`s announcement reflects the combined strength of WFI and Bechtel and the evolution of our strategic partnership over the past year. Together we formulated and delivered to Cingular the winning strategy that teams enormous program management skills and wireless experience and capabilities, to rapidly implement a nationwide GSM/GPRS network capable of supporting an enhanced wireless experience for Cingular customers. Our strategy continues to focus on the industry`s top opportunities with established and well capitalized telecom carrier customers globally."

The project involves a GSM/GPRS network overlay on one of the nation`s largest TDMA networks. GPRS technology is based on the world`s leading wireless technology, GSM (Global Standard for Mobile Communications). GSM is the most widely deployed wireless technology worldwide and enables customers to seamlessly utilize their wireless service when traveling outside the United States.

GPRS (General Packet Radio Service) is the next step in Cingular`s strategic migration to 3G (Third Generation) wireless voice and data services. GPRS will provide customers with a faster "always-on" wireless Internet experience for services such as email, enterprise desktop applications, instant messaging and Internet browsing. Cingular recently announced its intent to bring GPRS high speed wireless data service to several major U.S. markets in 2002 at the recent Cellular Telecommunications and Internet Association meeting in Orlando, Florida. The project includes the nation`s top wireless markets including New York, St. Louis, Detroit, Indianapolis, Philadelphia, Connecticut, Puerto Rico, the U.S. Virgin Islands and Orlando, Melbourne, and Daytona, Florida. Cingular launched GPRS service in California and Reno, Nevada earlier this month.

Bechtel will have responsibility for program management including logistics, equipment procurement, construction management and materials management. WFI will support Bechtel with professional services such as site acquisition and zoning. Also, WFI will license its proprietary network planning tool called Dynamic Tracker(TM), which will allow for efficient tracking and total customer visibility on the large and complex project.

Bechtel has more than 30 years of engineering and deployment experience in the telecommunications sector, including deployment of more than 20,000 cell sites, network design and interoperability testing, public switched telephone network additions, and large fiber network deployments for mobile and fixed line telecommunications systems worldwide.

WFI has completed projects for more than 130 customers in over 100 countries, ranging in scope from the installation of a single cell site to multi-year, large-scale design and deployment contracts. WFI is active in the planning and implementation of Second Generation (2G) voice networks, next generation wireless technologies including 2.5G and Third Generation (3G) mobile wireless Internet access and has been an active participant in wireless industry standards development.

About Bechtel Telecommunications:

Bechtel Telecommunications is a unit of Bechtel Corporation, a privately held company headquartered in San Francisco, with 50,000 employees, more than 50 offices worldwide, and 2001 revenues of $13.4 billion. Bechtel Telecommunications provides design, engineering, project management, and construction management for a full range of telecommunication systems, through major offices in London, Sao Paulo, Hong Kong, and the Frederick, MD world headquarters. For more information visit: www.bechteltelecoms.com .

About Wireless Facilities, Inc.

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, VA, Montvale, NJ, London, Gothenburg, Madrid, Mexico City, Sao Paulo and New Delhi. News and information are available at www.wfinet.com . WFI and the WFI Globe logo are registered trademarks of Wireless Facilities, Inc.

Forward Looking Statement -- This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that U.S. carrier activity for network upgrades will increase in 2002, especially by Cingular Wireless and that the Company will be successful in winning any of these contracts. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause the Company`s results to differ, include, but are not limited to: the timing, rescheduling or cancellation of significant customer planned contracts and agreements, including those with Cingular Wireless; additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could further delay network deployment and reduce demand for the Company`s services; the customer adoption rate of new wireless data services; potential losses arising from business transactions such as write-offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions; severance costs and changes in the Company`s effective income tax rate; the Company`s ability to attract, hire and retain key personnel; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These risk factors and others are more fully discussed under "Risk Factors" and elsewhere in the Company`s registration statement on Form S-1 and the Company`s annual report on Form 10-K filed on March 19, 2002 with the Securities and Exchange Commission.

For further information, please contact Investor/Media, Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., [phone], [e-mail].

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SOURCE: Wireless Facilities, Inc.

[pomade]

Wireless Facilities Reports Results for First Quarter 2002
SAN DIEGO, May 8 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc., (WFI), (Nasdaq: WFII - news), a global leader in the design, deployment and management of wireless telecommunications networks, today released financial results for the first quarter ended March 31, 2002.

The results for first quarter 2002 reflect the continued weakness in the telecommunications market, specifically the level of wireless telecom infrastructure spending during the quarter. During this period, the Company experienced a continuation of customer slowdowns and project scope reductions and postponements related to wireless network deployment, which were highlighted in its recent Annual Report on Form 10-K filed with the SEC on March 19, 2002.

As announced on April 30, 2002, the Company`s revenue for the first quarter totaled $40.1 million, a decrease of 11 percent compared to the $45.0 million reported in the fourth quarter of 2001, and a decrease of 24 percent compared to the $52.7 million reported in the first quarter of 2001.

The Company also announced a substantial net loss in the quarter due to the continued weakness in the wireless telecommunications market. During the first quarter, the Company implemented a change in its business model resulting in significant cost cutting actions and expense reductions, including a downsizing in work force, asset impairment charges associated with certain goodwill, finite life intangibles and other long-lived assets, and charges for unused lease space. These charges reflect management decisions to more efficiently scale its ongoing costs to achieve targeted levels of profitability.

On January 1, 2002, the Company adopted SFAS No. 142, "Goodwill and Other Intangible Assets," at which time the Company ceased amortization of goodwill and intangible assets with indefinite lives. During the first quarter, the Company recorded a $19.9 million impairment charge related to certain goodwill and other intangible assets resulting from triggering events during the quarter. As of March 31, 2002, the Company has not completed its transitional impairment test of goodwill and other intangible assets pursuant to the adoption of SFAS 142. The Company expects to complete this analysis by the end of second quarter 2002, in accordance with the guidelines set forth in the standard. SFAS 142 requires disclosure of what reported net income or loss and related per-share amounts would have been in periods prior to the adoption of SFAS 142 exclusive of amortization expense related to goodwill and other intangible assets that are no longer amortized. As such, the Company is presenting "As Adjusted" financial results for its prior period consolidated statements of operations.

Reported net loss for the first quarter 2002 was $71.7 million ($1.52 per basic and diluted share) compared to a reported and "As Adjusted" net loss of $10.4 million ($0.22 per basic and diluted share) and $8.7 million ($0.18 per basic and diluted share), respectively, in fourth quarter 2001, and compared to a reported and "As Adjusted" net loss of $8.5 million ($0.19 per basic and diluted share) and $7.7 million ($0.18 per basic and diluted share), respectively, in first quarter 2001.

During the first quarter, the Company recorded a net provision for taxes of $10.1 million related to providing an additional valuation allowance for deferred tax assets.

Cash from operations for the quarter was $1.3 million. Total cash and cash equivalents at the end of the first quarter increased $1.2 million to $62.3 million.

On May 1, 2002, the Company announced that it had been awarded a three-year contract from Bechtel Corporation in conjunction with Cingular Wireless` nationwide network overlay project of GSM/GPRS technologies. Cingular Wireless is the nation`s second largest wireless service provider. The revenue to WFI over the three year project life is expected to be a minimum of $135 million and could exceed $200 million.

"Cingular`s contract award to the WFI/Bechtel partnership represents the largest award in our Company`s history and highlights the market share gains we are making in an otherwise difficult telecom environment," said Thomas Munro, President of WFI. "This marketplace continues to be characterized by cautious capital spending, with new opportunities awarded to providers who have the size, financial strength, depth of services and quality necessary to complete large-scale engagements. Our management team is very focused on aligning our total cost structure with market opportunities in order to improve profitability and cash flow. We will also continue to strengthen our relationships with carriers, equipment manufacturers and partners."

Guidance

The Company expects to have positive earnings before interest, tax, depreciation and amortization expenses (EBITDA) in the second quarter 2002, based on a five percent sequential increase in revenue.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Mexico City, Sao Paulo, and Bejing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s expected revenue from the Cingular Wireless contract and the Company`s belief that new business wins improve Company visibility to the extent the Company can accurately forecast sequential quarterly increases in revenue and EBITDA earnings for the second quarter of fiscal 2002, within a wireless environment generally characterized by low visibility. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause the Company`s results to differ include, but are not limited to, changes in the scope or timing of the project for Cingular Wireless; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from business transactions and the Company`s restructuring as part of its new business model, including potential write-offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions and changes in the Company`s business model; changes in the Company`s effective income tax rate and severance related expenses, including write-downs and charges associated therewith; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. Although the Company believes that the expectations reflected in any forward- looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These risk factors and others are more fully discussed under "Risk Factors" and elsewhere in the Company`s registration statement on Form S-1 and the Company`s Annual Report on Form 10-K filed on March 19, 2002 with the Securities and Exchange Commission.

For further information, please contact: Investors/Media, Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., [phone], [e-mail]


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended
As Adjusted (1)
December 31, December 31, March 31,
2001 2001 2002

Revenues $45.0 $45.0 $40.1
Cost of revenues 32.4 32.4 29.2
Gross profit 12.6 12.6 10.9

Selling, general and
administrative expenses 16.7 16.7 47.1
Depreciation and amortization 5.1 2.6 2.7
Impairment charges -- -- 21.1
Operating loss (9.2) (6.7) (60.0)
Other income (expense), net 1.3 1.3 (1.6)
Loss before taxes and
minority interest in
income of subsidiary (7.9) (5.4) (61.6)
Provision for income taxes 2.4 3.2 10.1
Minority interest in income
of subsidiary 0.1 0.1 --
Net loss $(10.4) $(8.7) $(71.7)

Net loss per common share -
Basic and diluted $(0.22) $(0.18) $(1.52)

Weighted-average common
shares outstanding -
Basic and diluted 47.1 47.1 47.3

Net loss adjusted for
amortization of goodwill
and other intangible
assets and related
impairment charges:

Net loss $(10.4) $(8.7) $(71.7)
Impairment charges related
to goodwill and other
intangible assets (2) -- -- 19.9
Amortization of goodwill
and other intangible assets 3.3 0.8 0.8
Adjusted net loss $(7.1) $(7.9) $(51.0)

Adjusted net loss
per common share -
Basic and diluted $(0.15) $(0.17) $(1.08)

(1) "As adjusted" December 31, 2001, is presented for purposes of
comparability and reflects an adjustment to exclude amortization of
goodwill and other intangible assets with indefinite lives during the
period and the related estimated tax effect. In accordance with
SFAS 142, "Goodwill and Other Intangible Assets," amortization of
goodwill and intangible assets with indefinite lives ceased effective
January 1, 2002.
(2) The impairment charge in Q1 2002 of $19.9 million for certain goodwill
and other intangible assets did not result from the SFAS 142
transitional impairment test, but was a result of a triggering event.
As such, the charge is not recorded as a "Change in Accounting
Principle" under the guidelines of SFAS 142.


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended
As Adjusted (1)
March 31, March 31, March 31,
2001 2001 2002

Revenues $52.7 $52.7 $40.1
Cost of revenues 39.1 39.1 29.2
Gross profit 13.6 13.6 10.9

Selling, general and
administrative expenses 30.3 30.3 47.1
Depreciation and amortization 5.4 3.0 2.7
Impairment charges -- -- 21.1
Operating loss (22.1) (19.7) (60.0)
Other expense, net (2.2) (2.2) (1.6)
Loss before income taxes (24.3) (21.9) (61.6)
Provision (benefit)
for income taxes (15.8) (14.2) 10.1
Net loss $(8.5) $(7.7) $(71.7)

Net loss per common share -
Basic and diluted $(0.19) $(0.18) $(1.52)

Weighted-average common
shares outstanding -
Basic and diluted 43.7 43.7 47.3

Net loss adjusted for
amortization of goodwill and
other intangible assets and
related impairment charges:

Net loss $(8.5) $(7.7) $(71.7)
Impairment charges related
to goodwill and other
intangible assets (2) -- -- 19.9
Amortization of goodwill and
other intangible assets 3.6 1.2 0.8
Adjusted net loss $(4.9) $(6.5) $(51.0)

Adjusted net loss
per common share -
Basic and diluted $(0.11) $(0.15) $(1.08)

(1) "As adjusted" March 31, 2001, is presented for purposes of
comparability and reflects an adjustment to exclude amortization of
goodwill and other intangible assets with indefinite lives during the
period and the related estimated tax effect. In accordance with
SFAS 142, "Goodwill and Other Intangible Assets," amortization of
goodwill and other intangible assets with indefinite lives ceased
effective January 1, 2002.
(2) The impairment charge in Q1 2002 of $19.9 million for certain goodwill
and other intangible assets did not result from the SFAS 142
transitional impairment test, but was a result of a triggering event.
As such, the charge is not recorded as a "Change in Accounting
Principle" under the guidelines of SFAS 142.



WIRELESS FACILITIES, INC.
Condensed Consolidated Balance Sheets
(In millions)

December 31, March 31,
2001 2002
(Audited) (Unaudited)
ASSETS
Current assets:
Cash and cash equivalents (1) $61.1 $62.3
Billed accounts receivable, net 42.7 27.6
Unbilled accounts receivable, net 46.1 40.6
Contract management receivables, net 5.9 4.8
Income taxes receivable 3.2 3.7
Other current assets, net 15.3 7.2
Total current assets 174.3 146.2
Property and equipment, net 19.0 15.9
Goodwill, net 54.4 41.6
Other intangibles, net 8.6 0.2
Investments in unconsolidated affiliates 8.4 8.3
Deferred tax assets, net 10.0 --
Other assets 1.2 0.8
Total assets $275.9 $213.0

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Billings in excess of costs and profits $1.6 $2.3
Other current liabilities 68.4 64.9
Total current liabilities 70.0 67.2
Other long-term liabilities, net 7.9 16.8
Total liabilities 77.9 84.0
Minority interest 0.2 0.2

Stockholders` equity 197.8 128.8

Total liabilities and stockholders` equity $275.9 $213.0

(1) In May 2002, the Company renegotiated and amended its line of credit
agreement. As a result, $25 million of the Company`s cash will be
restricted to its use under the provisions of the new agreement.

SOURCE: Wireless Facilities, Inc.,

[pomade]

Wireless Facilities to Exceed Previous Revenue and EBITDA Guidance - Company Expects to Post Positive Earnings Per Share
- Company Also Announces Date and Time for Earnings Conference Call -
SAN DIEGO, July 22 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today announced that it expects to exceed the previous revenue and EBITDA guidance for second quarter 2002, issued on June 14, 2002, and provided new guidance that it now expects to report positive earnings per share.

The Company said that as a result of expanding business with existing customers, including AT&T Wireless, Bechtel Corporation, Cingular Wireless and others, it expects to report an increase in sequential quarterly revenue greater than its previously issued guidance of five percent above first quarter of 2002.

With better than anticipated revenue gains and a significantly reduced quarterly expense run-rate, the Company said it expects to report positive earnings per share compared to an analyst consensus expectation of a loss. In the first quarter of 2002, WFI reported revenue of $40.1 million and an EBITDA loss of $36.9 million.

The Company also announced the following date and times for its second quarter results and conference call.


Date: Wednesday, August 7, 2002
Time: Financial results: 1:05 PM Pacific Time, 4:05 PM Eastern
Time
Conference call: 1:30 PM Pacific Time; 4:30 PM Eastern
Time
Dial in: [phone] The Company recommends dialing in 5 to
10 minutes prior to the scheduled start time.
Replay: [phone] (Reservation # 20759149) Begins at 3:30
PM Pacific Time on August 7, 2002 and ends at 3:30 PM
Pacific Time on August 9, 2002.
Live Internet: www.wfinet.com


About Wireless Facilities, Inc.

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular, PCS and broadband wireless carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

WFI and the WFI Globe logo are registered trademarks of Wireless Facilities, Inc.

Forward Looking Statement -- This news release contains certain forward-looking statements that involve risks and uncertainties. Words such as "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated in these forward-looking statements. Forward looking statements include reference to the Company`s belief that it will achieve higher revenue and EBITDA results than previously stated for the second quarter of 2002. Such statements are only predictions and the Company`s actual results may differ materially from those anticipated in these forward-looking statements. Factors that may cause the Company`s results to differ include, but are not limited to, customer acceptance of the Company`s services; industry consolidation which could change the scope or timing of projects for customers; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from business transactions; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. These factors and others are more fully discussed under "Risk Factors" and elsewhere in the Company`s annual report on Form 10-K and the Company`s quarterly report on Form 10-Q filed on March 19, 2002 and May 15, 2002, respectively, with the Securities and Exchange Commission.

For further information, please contact: Investor/Media, Mark Francois, Director, Investor Relations of Wireless Facilities, Inc., [phone], [e-mail].

SOURCE: Wireless Facilities, Inc.

[panik]

Wireless Facilities Reports Strong Results for Second Quarter 2002
Revenue Up 16.7%; Return to Profitability; Strong Operating Cashflow; Net Cash Improved to More Than $71 Million
SAN DIEGO, Aug. 7 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today released financial results for the second quarter and six months ended June 30, 2002. ADVERTISEMENT




Revenue for the second quarter totaled $46.8 million, an increase of 17 percent compared to the $40.1 million reported in the first quarter of 2002 and a decrease of 14 percent compared to the $54.7 million reported in the second quarter of 2001.

Reported net income for the second quarter of 2002 was $2.2 million, or $0.04 per diluted share, compared to a reported net loss of $71.7 million, or $1.52 per diluted share, for the first quarter of 2002, and a reported net loss of $38.3 million, or $0.87 per diluted share, for the second quarter of 2001. Had Statement of Financial Accounting Standards (SFAS) 142 been adopted in the prior year, net loss and net loss per diluted share would have been $36.0 million and $0.82, respectively, reflecting the exclusion of amortization of goodwill and indefinite lived intangibles.

"Several recently implemented strategies contributed to this significant improvement in the Company`s performance," said Masood Tayebi, CEO. "The increase in revenue has come in a very difficult operating environment as we continue to focus on strengthening our relationships with carriers, vendors and strategic partners. Our adoption of the variable cost model and consequent cost restructuring has reduced our SG&A expense structure and increased profitability. We have also focused on strengthening our balance sheet by increasing our cash position and reducing our debt."

Cash flow from operations for the quarter was $8.8 million, an increase of $7.5 million compared to the $1.3 million reported in the first quarter of 2002. Cash increased by $13.8 million from $62.3 million at March 31, 2002 to $76.1 million at June 30, 2002. Currently, the Company has no debt outstanding other than capital lease obligations of $4.5 million.

On January 1, 2002, the Company adopted SFAS 142, "Goodwill and Other Intangible Assets," at which time the Company ceased amortization of goodwill and intangible assets with indefinite lives. As of June 30, 2002, the Company has completed its transitional impairment test of goodwill and other intangible assets pursuant to the adoption of SFAS 142. The results of the analysis indicated no impairment of goodwill and other intangibles as of January 1, 2002. In accordance with the guidelines set forth in the standard SFAS 142, disclosure of what reported net income or loss and related per-share amounts would have been in periods prior to the adoption of SFAS 142, exclusive of amortization expense related to goodwill and other intangible assets that are no longer amortized, is required. As such, the Company is presenting "As Adjusted" financial results for its 2001 prior period consolidated statement of operations in the accompanying tables.

"Despite the significant improvements in the second quarter, we remain guardedly optimistic about the remainder of 2002," said Dr. Tayebi. "Customer plans and capital expenditures show signs of slight recovery as evidenced by recent contract awards. While we recognize that market conditions are difficult, and visibility into our customers` plans remains limited, we are cautiously optimistic that we can continue to improve our relative market position and our financial performance."

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Stockholm, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s expected revenue from recent contracts. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause the Company`s results to differ include, but are not limited to, changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation among or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from business transactions and the Company`s restructuring as part of its new business model, including potential write-offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions and changes in the Company`s business model; changes in the Company`s effective income tax rate and severance related expenses, including write-downs and charges associated therewith; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These risk factors and others are more fully discussed under "Risk Factors" and elsewhere in the Company`s registration statement on Form S-1 and the Company`s Annual Report on Form 10-K filed on March 19, 2002 with the Securities and Exchange Commission.

For further information please contact: Investors/Media, Karina Page, Assistant Treasurer, Wireless Facilities, Inc., [phone], [e-mail]


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended
March 31, June 30,
2002 2002

Revenues $40.1 $46.8
Cost of revenues 29.2 35.0
Gross profit 10.9 11.8

Selling, general and administrative expenses 47.1 9.0
Depreciation and amortization 2.7 1.6
Impairment charges 21.1 --
Operating income (loss) (60.0) 1.2
Other income (expense), net (1.6) 1.0
Income (loss) before income taxes (61.6) 2.2
Provision for income taxes 10.1 --
Net income (loss) $(71.7) $2.2

Net income (loss) per common share:
Basic $(1.52) $0.05
Diluted $(1.52) $0.04

Weighted-average common shares outstanding:
Basic 47.3 47.7
Diluted 47.3 59.4

Net income (loss) adjusted for
amortization of goodwill and other
intangible assets and related
impairment charges:

Net income (loss), as reported $(71.7) $2.2
Impairment charges related to
goodwill and other intangible assets 19.9 --
Amortization of indefinite
lived intangible assets 0.8 --
Adjusted net income (loss) $(51.0) $2.2

Adjusted net income (loss) per common share:
Basic $(1.08) $0.05
Diluted $(1.08) $0.04



WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Six months ended

As Adjusted (1)
June 30, June 30, June 30,
2001 2001 2002

Revenues $107.4 $107.4 $86.9
Cost of revenues 71.6 71.6 64.2
Gross profit 35.8 35.8 22.7

Selling, general and
administrative expenses 70.6 70.6 56.1
Depreciation and amortization 10.9 6.2 4.3
Impairment charges 12.9 12.9 21.1
Operating loss (58.6) (53.9) (58.8)
Other expense, net (4.6) (4.6) (0.6)
Loss before income taxes (63.2) (58.5) (59.4)
Provision (benefit)
for income taxes (16.4) (15.2) 10.1
Net loss $(46.8) $(43.3) $(69.5)

Net loss per common share -
Basic and diluted $(1.05) $(0.97) $(1.46)

Weighted-average common shares
outstanding
- Basic and diluted 44.7 44.7 47.7

Net loss adjusted for amortization
of goodwill and intangible assets
and related impairment charges:

Net loss, as reported $(46.8) $(43.3) $(69.5)
Impairment charges related to
goodwill and intangible
assets (2) 12.9 12.9 19.9
Amortization of goodwill and
indefinite lived intangible
assets 7.0 2.3 0.8
Adjusted net loss $(26.9) $(28.1) $(48.8)

Adjusted net loss per
common share
- Basic and diluted $(0.60) $(0.63) $(1.02)


(1) "As adjusted" June 30, 2001 is presented for purposes of comparability
and reflects an adjustment to exclude amortization of goodwill and
indefinite lived intangible assets during the period and the related
estimated tax effect. In accordance with SFAS 142, "Goodwill and
Other Intangible Assets," amortization of goodwill and indefinite
lived intangible assets ceased effective January 1, 2002.

(2) The impairment charges in 2002 of $19.9 million for certain goodwill
and other intangible assets did not result from the SFAS 142
transitional impairment test, but was a result of a triggering event
in the first quarter. As such, the charge is not recorded as a
"Change in Accounting Principle" under the guidelines of SFAS 142.



WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions)

March 31, June 30,
2002 2002
ASSETS
Current assets:
Cash and cash equivalents $62.3 $76.1
Billed accounts receivable, net 27.6 34.4
Unbilled accounts receivable, net 40.6 36.6
Contract management receivables, net 4.8 2.8
Income taxes receivable 3.7 3.1
Other current assets 7.2 6.4
Total current assets 146.2 159.4
Property and equipment, net 15.9 15.5
Goodwill, net 41.6 41.6
Other intangibles, net 0.2 --
Investments in unconsolidated affiliates 8.3 8.3
Other assets, net 0.8 0.2
Total assets $213.0 $225.0

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Billings in excess of costs and profits $2.3 $6.1
Other current liabilities 64.9 29.0
Total current liabilities 67.2 35.1
Long-term liabilities 16.8 14.6
Total liabilities 84.0 49.7
Minority interest 0.2 0.2

Stockholders` equity 128.8 175.1

Total liabilities and stockholders` equity $213.0 $225.0

SOURCE: Wireless Facilities, Inc.

[panik]

WFI Announces Successful China Entry and Comments Favorably on Anticipated Q3 Results
Friday October 18, 8:05 am ET


SAN DIEGO, Oct. 18 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today announced it has formed a WFI China office in Beijing to service its contracts and revenue in the wireless market in China. This significant market is supported by a Chinese government commitment and large foreign investment. As a leader in the wireless industry, WFI is able to provide needed local expertise in GSM and CDMA technology. Projects have been completed in several provinces already. Initial revenues continue to grow, supported by teaming agreements with well-respected local companies, as well as large international companies with significant investment in China. The Company expects to continue to expand its successful project base in China, with a favorable impact on WFI`s operating profits in future reporting periods.
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In addition, WFI expects to show an increase from its second quarter cash balance of $76.1 million in the third quarter, and also anticipates reporting solid operating performance for its third quarter. Third quarter results will be released on November 6 at 1:05 p.m. Pacific Time, with a conference call following at 1:30 p.m. Pacific Time, using [phone].

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas; Chicago; Seattle; Reston, VA, Montvale, NJ; London; Gothenburg; Mexico City; Sao Paulo and Beijing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s expected revenue from recent contracts. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause the Company`s results to differ include, but are not limited to, risks and uncertainties associated with international operations, changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation among or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from business transactions and the Company`s restructuring as part of its new business model, including potential write- offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions and changes in the Company`s business model; changes in the Company`s effective income tax rate and severance related expenses, including write-downs and charges associated therewith; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. Although the Company believes that the expectations reflected in any forward- looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These risk factors and others are more fully discussed under "Risk Factors" and elsewhere in the Company`s registration statement on Form S-1 and the Company`s Annual Report on Form 10-K filed on March 19, 2002 with the Securities and Exchange Commission.

For further information, please contact Investors, Karina Page, Assistant Treasurer, of Wireless Facilities, Inc., [phone], [e-mail].

Make Your Opinion Count - Click Here




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.

[panik]

Wireless Facilities Reports Solid Results for Third Quarter 2002
Wednesday November 6, 4:05 pm ET
Revenue up 5%; Sequential Profitability; Continued Strong Cash Flow from Operations; Cash and Cash Equivalents Increased to $83 million


SAN DIEGO, Nov. 6 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today released financial results for the third quarter and nine months ended September 30, 2002.
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Revenue for the third quarter totaled $49.1 million, an increase of 5 percent compared to the $46.8 million reported in the second quarter of 2002 and a decrease of 10 percent compared to the $54.8 million reported in the third quarter of 2001.

Net income reported for the third quarter of 2002 was $2.5 million, or $0.04 per diluted share, compared to net income of $2.2 million, or $0.04 per diluted share in the second quarter of 2002, and net loss of $2.9 million, or $0.06 per diluted share, for the third quarter of 2001. If Statement of Financial Accounting Standards (SFAS) 142 had been adopted at the beginning of 2001, the "As Adjusted" prior year third quarter net loss and net loss per diluted share would have been $0.8 million and $0.02, respectively, reflecting the exclusion of amortization expense related to goodwill and indefinite life intangible assets.

"In our core business, we feel that we will continue to earn a growing market share, measured against our peers and competitors. Furthermore, we continue to grow that portion of our business that has traditionally been performed in-house by our customers. This, combined with the changes we have made in past quarters to our cost structure and to our business model are paying off," said Masood Tayebi, CEO. "Our new focus on enterprise markets such as Wireless LAN and integration of alternative technologies, as well as strategic commitment to larger scale and longer term outsourcing, all position WFI to take advantage of key opportunities."

Cash flow from operations for the quarter was $8.3 million. Cash and cash equivalents increased by $6.9 million from $76.1 million at June 30, 2002 to $83.0 million at September 30, 2002. Currently, the Company has no debt outstanding other than capital lease obligations of $3.7 million.

"While we are not in a position to declare that the telecom industry is in recovery, we are increasingly positive. We are now able to see a growing backlog of good, profitable projects with quality customers," said Terry Ashwill, CFO. "As a result, looking at the final quarter of 2002 and the first half of next year, we are optimistic that we will continue to improve our financial performance."

On January 1, 2002, the Company adopted SFAS 142, "Goodwill and Other Intangible Assets," at which time the Company ceased amortization of goodwill and intangible assets with indefinite lives. In addition, an analysis was required to determine if any impairment existed at January 1, 2002. The results of the analysis indicated no impairment of goodwill and other intangible assets. In accordance with the guidelines set forth in SFAS 142, disclosure of what reported net income or loss and related per-share amounts would have been in periods prior to the adoption of SFAS 142, exclusive of amortization expense related to goodwill and other intangible assets that are no longer amortized, is required. Thus, the Company is presenting "As Adjusted" financial results for its 2001 prior period consolidated statement of operations in the accompanying tables.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Stockholm, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s expected revenue from recent contracts. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause the Company`s results to differ include, but are not limited to, changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation among or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from business transactions and the Company`s restructuring as part of its new business model, including potential write-offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions; changes in the Company`s effective income tax rate and severance related expenses, including write-downs and charges associated therewith; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; competition in the marketplace which could reduce revenues and profit margins; and lower customer satisfaction levels for services performed by the Company. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These and other risk factors are more fully discussed under "Risk Factors" and elsewhere in the Company`s readily available Annual Report on Form 10-K filed on March 19, 2002 and in other filings made with the Securities and Exchange Commission.

For further information please contact Investors/Media, Karina Page, Treasurer of Wireless Facilities, Inc., [phone], [e-mail].

WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended,
June 30, September 30,
2002 2002

Revenues $46.8 $49.1
Cost of revenues 35.0 37.2
Gross profit 11.8 11.9

Selling, general and administrative
expenses 9.0 8.6
Depreciation and amortization 1.6 1.7
Operating income 1.2 1.6
Other income, net 1.0 0.9
Income before taxes 2.2 2.5
Provision for income taxes -- --
Net income $2.2 $2.5

Net income per common share:
Basic $0.05 $0.05
Diluted $0.04 $0.04

Weighted-average common shares
outstanding:
Basic 47.7 48.1
Diluted 59.4 65.4


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Nine months ended,
As Adjusted (1)
September 30, September 30, September 30,
2001 2001 2002

Revenues $162.2 $162.2 $136.0
Cost of revenues 108.6 108.6 101.4
Gross profit 53.6 53.6 34.6

Selling, general and
administrative expenses 86.5 86.5 64.7
Depreciation and amortization 16.5 8.9 6.0
Impairment charges 12.9 12.9 21.1
Operating loss (62.3) (54.7) (57.2)
Other income (expense), net (4.8) (4.8) 0.3
Loss before income taxes (67.1) (59.5) (56.9)
Provision (benefit)
for income taxes (17.4) (15.4) 10.1
Net loss $(49.7) $(44.1) $(67.0)

Net loss per common share -
Basic and diluted $(1.09) $(0.97) $(1.40)

Weighted-average common
shares outstanding -
Basic and diluted 45.4 45.4 48.0

Net loss adjusted for
amortization of goodwill and
other intangible assets and
related impairment charges:

Net loss $(49.7) $(44.1) $(67.0)
Impairment charges related
to goodwill and other
intangible assets (2) 12.9 12.9 19.9
Amortization of goodwill
and other intangible assets 10.7 3.1 0.8
Adjusted net loss $(26.1) $(28.1) $(46.3)

Adjusted net loss per
common share -
Basic and diluted $(0.57) $(0.62) $(0.96)

(1) "As adjusted" September 30, 2001, is presented for purposes of
comparability and reflects an adjustment to exclude amortization of
goodwill and other intangible assets with indefinite lives during the
period and the related estimated tax effect. In accordance with SFAS
142, "Goodwill and Other Intangible Assets," amortization of goodwill
and other intangible assets with indefinite lives ceased effective
January 1, 2002.

(2) The impairment charges in 2002 totaling $21.1 million included $19.9
million for certain goodwill and other intangible assets which did not
result from the SFAS 142 transitional impairment test, but was a
result of a triggering event in the first quarter. Thus, the charge
is not recorded as a "Change in Accounting Principle" under the
guidelines of SFAS 142.


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions)

June 30, September 30,
2002 2002
ASSETS
Current assets:
Cash and cash equivalents $76.1 $83.0
Billed accounts receivable, net 34.4 38.0
Unbilled accounts receivable, net 36.6 31.3
Contract management receivables, net 2.8 2.2
Income taxes receivable 3.1 3.1
Other current assets 6.4 7.8
Total current assets 159.4 165.4
Property and equipment, net 15.5 14.3
Goodwill, net 41.6 41.6
Investments in unconsolidated affiliates 8.3 8.3
Other assets 0.2 0.7
Total assets $225.0 $230.3

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Billings in excess of costs and profits $6.1 $7.9
Other current liabilities 29.0 33.1
Total current liabilities 35.1 41.0
Long-term liabilities, net 14.6 11.8
Total liabilities 49.7 52.8
Minority interest 0.2 0.2

Stockholders` equity 175.1 177.3

Total liabilities and stockholders` equity $225.0 $230.3

Make Your Opinion Count - Click Here




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.

[nete]

[pomade]

Wireless Facilities Completes ISO 9000 Certification
Thursday December 19, 8:01 am ET


SAN DIEGO, Dec. 19 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. ("WFI") (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today announced that it has successfully completed all requirements for ISO 9000 certification in its corporate headquarters and U.S. regional offices.
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ISO 9000 is an internationally recognized family of standards that represents a consensus on good management practices, and ensures that an organization can repeatedly deliver its product or services in a way that continuously meets the client`s requirements for quality.

Said Dr. Masood Tayebi, CEO of WFI, "We are very pleased to have completed our ISO 9000 certification. At WFI, customer satisfaction is always our number one priority. Successfully aligning our procedures and management practices to this universally recognized standard ensures that WFI will continue to provide the highest level of service to our customers, and further illustrates the company`s ongoing commitment to quality."

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements and specifically include references to the Company`s belief that carrier interest in entering into long term network outsourcing engagements is increasing and that the Company is positioned to take advantage of those opportunities. Such statements are only predictions, and the Company`s actual results may differ materially from those anticipated. Factors that may cause the Company`s results to differ include, but are not limited to, retaining key employees and management personnel, changes in the scope or timing of the Company`s projects, continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or industry consolidation among or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from business transactions and the Company`s restructuring as part of its new business model, including potential write-offs of accounts receivable, goodwill and intangibles associated with the Company`s acquisitions and changes in the Company`s business model; and competition in the marketplace. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These and other risk factors are more fully discussed under "Risk Factors" and elsewhere in the Company`s readily available Annual Report on Form 10-K filed on March 19, 2002 and in other filings made with the Securities and Exchange Commission.

For further information please contact: Media/Investors, Chris Langlois, Marketing Director of Wireless Facilities, Inc., [phone], [e-mail]




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.

[panik]

Wireless Facilities Reports the 3rd Consecutive Quarterly Increase in Revenue and Net Income
Wednesday February 12, 4:05 pm ET
Net Income up 24%; Cash and Cash Equivalents Increased to $99.1 million


SAN DIEGO, Feb. 12 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today released financial results for the fourth quarter and full year ended December 31, 2002.
ADVERTISEMENT


Revenue for the fourth quarter of 2002 totaled $51.0 million, an increase of 3.9 percent compared to the $49.1 million reported in the third quarter of 2002 and an increase of 13.3 percent compared to the $45.0 million reported in the fourth quarter of 2001.

Net income reported for the fourth quarter of 2002 was $3.1 million, or $0.05 per diluted share, compared to net income of $2.5 million, or $0.04 per diluted share in the third quarter of 2002, and net loss of $10.4 million, or $0.22 per share, for the fourth quarter of 2001.

"WFI produced its third consecutive quarter of increases in revenue, gross profit and net income. WFI also posted record cash flow from operations, and continued improvements to its balance sheet and operating metrics," said Terry Ashwill, Executive Vice President and Chief Financial Officer of WFI.

Specifically, cash flow from operations was a record $14.6 million compared to $8.3 million reported in the third quarter of 2002. Cash and cash equivalents increased by $16.1 million from $83.0 million at September 30, 2002 to $99.1 million at December 31, 2002. Currently, WFI has no debt outstanding other than capital lease obligations of $2.9 million.

"In our core business, we feel very encouraged by what we have seen over the past three quarters," said Dr. Masood Tayebi, CEO and Chairman of WFI. "We continue to strengthen our ongoing relationships with our top-tier carrier and vendor customers. As those relationships mature, we are seeing a steady flow of long-term profitable projects which have allowed us to build up our backlog and finish the year with three consecutive quarters of revenue growth and profitability. Furthermore, we are seeing increasingly positive results from the changes we have made to our internal cost structure and to our business model. Our balance sheet continues to get stronger, and we continue to grab increased market share relative to our peers, all of which bode well for the future."

Looking ahead into 2003, Dr. Tayebi commented, "While we are still cautious about the wireless industry, we are increasingly optimistic about the financial direction of WFI and its position within the overall marketplace. Strategically, our primary area of focus will remain on growing the portion of our business that has traditionally been performed in-house by our carrier and vendor customers. We will also continue to aggressively pursue the operational outsourcing model, which aligns well with our customers` initiatives, and to which WFI`s skill set and operational scale are uniquely suited. Finally, we are very encouraged by the initial interest we have received in WFI`s enterprise based, WLAN and security systems initiatives. This is another area that we will continue to pursue in 2003, and from which we hope to see significant future revenues in the coming quarters."

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. Headquartered in San Diego, WFI has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Stockholm, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company`s expectations regarding future financial performance and market developments that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward- looking statements. Such statements are only predictions, and the Company`s actual results may differ materially. Factors that may cause the Company`s results to differ include, but are not limited to: changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; potential losses arising from the Company`s implementation of its variable cost model; potential write- offs of goodwill and other long-lived assets; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company`s effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These and other risk factors are more fully discussed under "Risk Factors" and elsewhere in the Company`s readily available Annual Report on Form 10-K filed on March 19, 2002 and in other filings made with the Securities and Exchange Commission.

For further information, please contact Chris Langlois, Director, Investor Relations of Wireless Facilities, Inc., [phone], [e-mail] .

WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended,

September 30, 2002 December 31, 2002

Revenues $49.1 $51.0
Cost of revenues 37.2 37.3
Gross profit 11.9 13.7

Selling, general
and administrative expenses 8.6 9.4
Depreciation and amortization 1.7 1.8
Operating income 1.6 2.5
Other income, net 0.9 0.7
Income before income
taxes and minority interest 2.5 3.2
Provision for income taxes -- --
Minority interest -- 0.1
Net income $2.5 $3.1

Net income per common share:
Basic $0.05 $0.06
Diluted $0.04 $0.05

Weighted-average
common shares outstanding:
Basic 48.1 48.4
Diluted 65.4 67.0



WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Twelve months ended,
As Adjusted (1)
December 31, 2001 December 31, 2001 December 31, 2002

Revenues $207.2 $207.2 $187.0
Cost of revenues 141.0 141.0 138.7
Gross profit 66.2 66.2 48.3

Selling, general
and administrative
expenses 103.2 103.2 74.1

Depreciation and
amortization 21.6 11.5 7.8
Impairment charges 12.9 12.9 21.1
Operating loss (71.5) (61.4) (54.7)
Other income
(expense), net (3.5) (3.5) 1.0
Loss before
income taxes
and minority
interest (75.0) (64.9) (53.7)
Provision (benefit)
for income taxes (15.0) (13.0) 10.1
Minority interest 0.1 0.1 0.1
Net loss $(60.1) $(52.0) $(63.9)

Net loss per
common share --
Basic and diluted $(1.31) $(1.13) $(1.33)

Weighted-average
common shares
outstanding --
Basic and diluted 45.9 45.9 48.1

Net loss adjusted
for amortization
of goodwill and
other intangible
assets and related
impairment charges:

Net loss $(60.1) $(52.0) $(63.9)
Impairment charges
related to goodwill
and other
intangible assets (2) 12.9 12.9 19.9
Amortization of goodwill
and other
intangible assets 14.0 3.9 0.8
Adjusted net loss $(33.2) $(35.2) $(43.2)

Adjusted net loss
per common share --
Basic and diluted $(0.72) $(0.77) $(0.90)

(1) "As adjusted" December 31, 2001, is presented for purposes of
comparability and reflects an adjustment to exclude amortization of
goodwill and other intangible assets with indefinite lives during the
period and the related estimated tax effect. In accordance with
SFAS 142, "Goodwill and Other Intangible Assets," amortization of
goodwill and other intangible assets with indefinite lives ceased
effective January 1, 2002.

(2) The impairment charges in 2002 totaling $21.1 million included
$19.9 million for certain goodwill and other intangible assets which
did not result from the SFAS 142 transitional impairment test, but
was a result of a triggering event in the first quarter. Thus, the
charge is not recorded as a "Change in Accounting Principle" under
the guidelines of SFAS 142.


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions)

September 30, 2002 December 31, 2002
ASSETS
Current assets:
Cash and cash
equivalents $83.0 $99.1
Billed accounts
receivable, net 38.0 35.5
Unbilled accounts
receivable, net 31.3 25.4
Contract management
receivables, net 2.2 2.4
Income taxes receivable 3.1 3.1
Other current assets 7.8 5.3
Total current assets 165.4 170.8

Property and
equipment, net 14.3 13.0
Goodwill, net 41.6 41.6
Investments in
unconsolidated affiliates 8.3 8.2
Other assets, net 0.7 0.7
Total assets $230.3 $234.3

LIABILITIES AND
STOCKHOLDERS` EQUITY
Current liabilities:
Billings in excess
of costs and profits $7.9 $6.4
Other current liabilities 33.1 33.7

Total current liabilities 41.0 40.1
Long-term liabilities, net 11.8 11.0
Total liabilities 52.8 51.1

Minority interest 0.2 0.3

Stockholders` equity 177.3 182.9

Total liabilities and
stockholders` equity $230.3 $234.3




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.

[panik]

Wireless Facilities Reports the 4th Consecutive Quarterly Increase in Revenue and Net Income
Monday May 5, 4:05 pm ET
Net Income up 29%; Cash and Cash Equivalents Increased to $102.3 Million


SAN DIEGO, May 5 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today released financial results for the first quarter ended March 31, 2003.
Revenue for the first quarter of 2003 totaled $53.9 million, an increase of 5.7 percent compared to the $51.0 million reported in the fourth quarter of 2002 and an increase of 34.4 percent compared to the $40.1 million reported in the first quarter of 2002.

Net income for the first quarter of 2003 increased 29.0 percent to $4.0 million, or $0.06 per diluted share, compared to net income of $3.1 million, or $0.05 per diluted share in the fourth quarter of 2002.

"WFI continues to produce quarterly sequential improvements in nearly every financial metric," said Terry Ashwill, Executive Vice President and Chief Financial Officer of WFI. Highlights of the financial results of the first quarter of 2003 are as follows:

-- Revenue, gross profit, operating income and net income increased for
the fourth consecutive quarter.
-- SG&A expense as a percent of revenue was approximately even with the
preceding quarter, the second lowest in nearly three years.
-- Cash and cash equivalents increased by $3.2 million from $99.1 million
at December 31, 2002 to $102.3 million at March 31, 2003.
-- Cash flows from operations were $5.0 million. The Company has posted
positive quarterly cash flow from operations for seven consecutive
quarters.
-- WFI has no debt outstanding at March 31, 2003 (other than capital
lease obligations totaling $2.3 million).
-- Stockholders` equity increased to $189.0 million and now represents
78.5 percent of WFI`s total balance sheet.


"We are very pleased to report another solid quarter of financial and operational results," said Dr. Masood Tayebi, Chief Executive Officer and Chairman of WFI. "We continue to excel at our core competencies and traditional business while we explore market opportunities in areas such as operational outsourcing, wireless LAN and electronic security integration."

Looking ahead into 2003, Dr. Tayebi commented, "Despite continued market uncertainty in the wireless industry, WFI is building on its momentum from the last half of 2002 and we are excited about our prospects, especially related to our Enterprise Solutions and Outsourcing Divisions. Our core business with existing customers is strong and we are actively pursuing new opportunities that have the potential to add to our expected future growth."

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. WFI is headquartered in San Diego and has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Stockholm, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company`s expectations regarding future financial performance and market developments that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements. Such statements are only predictions, and the Company`s actual results may differ materially. Factors that may cause the Company`s results to differ include, but are not limited to: changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; potential losses or lost opportunities arising from the Company`s operation of its variable cost model; potential write-offs of goodwill and other long-lived assets; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company`s effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These and other risk factors are more fully discussed under "Risks Related to Our Business" and elsewhere in the Company`s readily available Annual Report on Form 10-K filed on March 21, 2003 and in other filings made with the Securities and Exchange Commission.

For further information, please contact Investor/Media, Gina Aven, Finance Manager of Wireless Facilities, Inc., [phone], [e-mail].

WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended,
December 31, 2002 March 31, 2003

Revenues $ 51.0 $ 53.9
Cost of revenues 37.3 39.0
Gross profit 13.7 14.9
Selling, general and
administrative expenses 9.4 10.0
Depreciation and amortization 1.8 1.7
Operating income 2.5 3.2
Other income, net 0.7 0.8
Income before income taxes
and minority interest 3.2 4.0
Provision for income taxes -- --
Minority interest 0.1 --
Net income $ 3.1 $ 4.0
Net income per common share:
Basic $0.06 $0.08
Diluted $0.05 $0.06
Weighted-average common shares
outstanding:
Basic 48.4 49.3
Diluted 67.0 68.7


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended,
March 31, 2002 March 31, 2003

Revenues $ 40.1 $ 53.9
Cost of revenues 29.2 39.0
Gross profit 10.9 14.9
Selling, general and
administrative expenses 47.1 10.0
Depreciation and amortization 2.7 1.7
Impairment charges 21.1 --
Operating income (loss) (60.0) 3.2
Other income (expense), net (1.6) 0.8
Income (loss) before income taxes (61.6) 4.0
Provision for income taxes 10.1 --
Net income (loss) $ (71.7) $ 4.0
Net income (loss) per common share:
Basic $ (1.52) $0.08
Diluted $ (1.52) $0.06
Weighted-average common
shares outstanding:
Basic 47.3 49.3
Diluted 47.3 68.7


WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions)

December 31, 2002 March 31, 2003
ASSETS
Current assets:
Cash and cash equivalents $ 99.1 $ 102.3
Billed accounts receivable, net 35.5 31.2
Unbilled accounts receivable, net 25.4 31.3
Contract management receivables, net 2.4 2.7
Income taxes receivable 3.1 --
Other current assets 5.3 4.7
Total current assets 170.8 172.2
Property and equipment, net 13.0 12.1
Goodwill and other intangibles, net 41.6 43.6
Investments in unconsolidated
affiliates 8.2 8.1
Other assets, net 0.7 4.8
Total assets $ 234.3 $ 240.8

LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Billings in excess of costs and
profits $ 6.4 $ 3.1
Other current liabilities 33.7 39.2
Total current liabilities 40.1 42.3
Long-term liabilities, net 11.0 9.2
Total liabilities 51.1 51.5
Minority interest 0.3 0.3
Stockholders` equity 182.9 189.0
Total liabilities and stockholders`
equity $ 234.3 $ 240.8




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.

[panik]

Wireless Facilities Selected by Westfield to Bring High-Speed Wireless Internet Access (Wi-Fi) to Shopping Centers
Thursday May 15, 8:06 am ET


SAN DIEGO, May 15 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today announced that it has been selected by Westfield (ASX: WFA - News) as the exclusive provider of Wireless LAN (WLAN) integration services for the Company`s US shopping centers.
Westfield is one of the leading fully integrated shopping center organizations in the world. The company serves as developer, architect, builder, and property manager for an $18.4 billion portfolio of 112 shopping centers worldwide, comprising over 90 million square feet of retail space. Under the terms of the agreement, Wireless Facilities will fully enable Wi-Fi (Wireless Fidelity) connectivity, which is a high-speed wireless access technology that allows users to connect to the Internet without using any form of wiring or cabling, into all Westfield Shoppingtowns in the U.S. using Cisco components. Visitors to these locations will be able to access the Internet using any wireless enabled laptop or PDA, making Westfield the first fully wirelessly integrated group of shopping locations in the world. In addition, Westfield retailers will have the opportunity to access a wide variety of new wireless enabled features, which will allow them to enhance the way they do business and interface with their customers. Westfield will also be the first to leverage the wireless environment to enhance the customer experience inside the shopping center from both the marketing and customer service standpoint.

"We are very pleased to have been selected by Westfield as their turnkey partner for this exciting initiative," said Frankie Farjood, President of Enterprise Solutions, WFI. "Today we are seeing the rapid integration of wireless technology into the enterprise space, with an increasing number of retail and commercial establishments offering high-speed Internet access and other amenities as an additional feature to their customers. Westfield is taking this a step further by being the first fully integrated shopping center company to wirelessly enable all of their locations. We believe this initiative will truly showcase the many ways in which wireless technology is changing the way people work and live, and WFI is thrilled to be a part of it."

As a turnkey partner, Wireless Facilities will provide Westfield with a fully integrated set of solutions, supplying backhaul, networking equipment, Wireless LAN design and installation, network maintenance, electronic security, as well as on-going network monitoring through the Company`s Network Operations Center (NOC). The first locations to be deployed will be the Westfield Shoppingtowns in San Diego, Los Angeles, San Jose, San Francisco, Chicago, and New York. Subsequent locations will be built-out on an on-going basis.

"Westfield is pleased to be working with Wireless Facilities to bring Wi-Fi to our shoppers and retailers," said Todd Putman, Executive Vice President Marketing, Westfield. "Wireless technology`s anytime, anywhere capabilities will profoundly enhance the shopping experience and transform the way our retail partners conduct business."

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. WFI is headquartered in San Diego and has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Mexico City, Sao Paulo, and Bejing. News and information are available at www.wfinet.com .

About Westfield America

Westfield America, Inc. is the United States subsidiary of Westfield America Trust (ASX: WFA - News), the second-largest property trust listed on the Australian Stock Exchange. WFA owns a majority interest in the Westfield America portfolio of 63 shopping centers, branded as Westfield Shoppingtowns. Westfield Shoppingtowns are home to more than 8,400 specialty stores and encompass 64 million square feet in the states of California, Colorado, Connecticut, Florida, Illinois, Indiana, Maryland, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio and Washington.

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company`s expectations regarding future financial performance and market developments that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements. Such statements are only predictions, and the Company`s actual results may differ materially. Factors that may cause the Company`s results to differ include, but are not limited to: changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; potential losses or lost opportunities arising from the Company`s operation of its variable cost model; potential write-offs of goodwill and other long-lived assets; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company`s effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These and other risk factors are more fully discussed under "Risks Related to Our Business" and elsewhere in the Company`s readily available Annual Report on Form 10-K filed on March 21, 2003 and in other filings made with the Securities and Exchange Commission.

For further information, please contact: media, Catharine C. Dickey, Vice President, Communications of Westfield, [phone]; or Gina Aven, Marketing Director of Wireless Facilities, Inc., [phone], [e-mail] .




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.

[panik]

Wireless Facilities Selected by Western Wireless as Services Vendor for CDMA and GSM/GPRS Overlay
Wednesday May 28, 8:06 am ET


SAN DIEGO, May 28 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment and management of wireless telecommunications networks, today announced that it has been selected by Western Wireless Corporation (Nasdaq: WWCA - News) as a services vendor for the company`s on-going CDMA, and recently announced GSM/GPRS overlay.
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Under the terms of the agreement, Wireless Facilities will provide full turnkey services to Western Wireless, including Project Management, Radio Frequency (RF) Design, Network Installation and Commissioning, and Construction Management Services. Financial terms of the agreement were not disclosed.

Commenting on the newly signed agreement, Masood K. Tayebi, Chairman and Chief Executive Officer of Wireless Facilities, said, "We are very pleased that Western Wireless has once again entrusted their technology overlay efforts to WFI. We have a long-standing relationship with Western Wireless, and we believe this selection provides further confirmation of WFI`s ability to deliver full turnkey, reliable services to our clients, as we assist them in expanding their networks to meet the increasing demand for wireless voice and data services."

Western Wireless Chief Operating Officer Eric Hertz commented, "WFI has provided excellent turnkey design and implementation services for WWC`s CDMA overlay and we are pleased to extend this relationship to our upcoming GSM deployment." Western Wireless recently announced they will be overlaying GSM/GPRS technology in select markets to accommodate newly signed GSM roaming agreements with Cingular Wireless and T-Mobile USA.

About Wireless Facilities

A global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys and manages wireless networks for some of the largest cellular and PCS carriers and equipment suppliers worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance. WFI is headquartered in San Diego and has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, Montvale, London, Gothenburg, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

About Western Wireless Corporation

Western Wireless Corporation, located in Bellevue, Washington, was formed in 1994 through the merger of previously unrelated rural wireless companies. Following the merger, Western Wireless continued to invest in rural cellular licenses, acquired six PCS licenses in the original auction of PCS spectrum in 1995 through its VoiceStream subsidiary, and made its first international investment in 1996. Western Wireless went public later in 1996 and completed the spin-off of VoiceStream in 1999. Western Wireless now serves over 1.2 million subscribers in 19 western states under the Cellular One® and Western Wireless® brand names. Through its subsidiaries and operating joint ventures, Western Wireless is licensed to offer service in nine foreign countries.

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company`s expectations regarding future financial performance and market developments that involve risks and uncertainties. The Company operates in a very dynamic market environment, and expectations or assumptions that appear reasonable as of the date hereof may not be reasonable at any point in the future. Words such as "anticipates," "expects," "projects," "intends," "plans," "believes," "may," "will," and similar expressions are intended to identify forward-looking statements. Such statements are only predictions, and the Company`s actual results may differ materially. Factors that may cause the Company`s results to differ include, but are not limited to: changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; potential losses or lost opportunities arising from the Company`s operation of its variable cost model; potential write-offs of goodwill and other long-lived assets; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company`s effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. Although the Company believes that the expectations reflected in any forward-looking statements made herein are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. The Company undertakes no obligation to update any forward-looking statements made to conform to actual results or to changes to expectations. These and other risk factors are more fully discussed under "Risks Related to Our Business" and elsewhere in the Company`s readily available Annual Report on Form 10-K filed on March 21, 2003 and in other filings made with the Securities and Exchange Commission.

For further information, please contact: media, Malcolm Wood, Senior Vice President, [phone], [e-mail] , or investors, Gina Aven, Finance Manager, [phone], [e-mail] , both of Wireless Facilities, Inc.




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.

[pomade]

[panik]

Reuters
RESEARCH ALERT-US Bancorp raises Wireless Facilities rating
Friday August 1, 11:57 am ET


NEW YORK, Aug 1 (Reuters) - U.S. Bancorp Piper Jaffray on Friday said it raised its investment rating for shares of Wireless Facilities Inc. (NasdaqNM:WFII - News) to "outperform" from "market perform," citing the award of a contract with Sprint PCS and expected good quarterly results.
Shares of Wireless Facilities closed at $12.04 on the Nasdaq stock market on Thursday.

[panik]

Wireless Facilities, Inc. Posts Third Quarter Earnings of $0.09 per Diluted Share With Year Over Year Net Income Growth of 164%
Thursday October 30, 4:08 pm ET
Revenue Increased 39.7% Year Over Year to $68.6 Million


SAN DIEGO, Oct. 30 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News), a global leader in the design, deployment, integration and management of wireless telecommunications networks and security systems, today released financial results for the third quarter ended September 30, 2003.
Revenue for the third quarter of 2003 totaled $68.6 million, an increase of $19.5 million or 39.7 % compared to the $49.1 million reported in the same quarter last year and an increase of $11.8 million or 20.8 % compared to the $56.8 million reported in the second quarter of 2003.

Net income of $6.6 million for the third quarter of 2003 was 164.0% higher than the $2.5 million for the third quarter of 2002. Net income for the third quarter of 2003 increased $1.8 million or 37.5 % compared to net income of $4.8 million sequentially.

Earnings per share of $0.09 for the third quarter 2003 was 125.0% higher than $0.04 year over year and sequentially increased $0.02 or 28.6 %.

"Our financial strategies and operational execution continue to deliver a very high level of performance," said Terry Ashwill, Executive Vice President and Chief Financial Officer of WFI. Highlights of the financial results for the third quarter of 2003 are as follows:

* Revenue, gross profit, operating income and net income increased for
the sixth consecutive quarter.
* Excluding capital lease obligations totaling $1.0 million, WFI
continues to have no outstanding debt at September 30, 2003.
* Stockholders` equity increased to $221.0 million and now represents
approximately 80.0 % of WFI`s total balance sheet.
* Revenue for the nine months ended September 30, 2003 increased
$43.3 million or 31.8 % over the nine months ended September 30, 2002.


"Both our Wireless Network Services (WNS) and our Enterprise Solutions businesses delivered strong results in a challenging but improving environment," said Dr. Masood Tayebi, Chief Executive Officer and Chairman of WFI. "Also, as we look ahead to the fourth quarter and the year 2004, we are feeling increasingly optimistic about our ability to achieve improving financial performance."

WFI will discuss third quarter results on a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) today. To access the call, please dial [phone]. To ensure your participation, the Company suggests that you dial in 5 to 10 minutes prior to the scheduled start time. The call will also be webcast and can be accessed at WFI`s website at www.wfinet.com . A replay of the call will be available from 3:30 p.m. Pacific Time on October 30, 2003 through 3:30 p.m. Pacific Time on November 3, 2003 by dialing [phone] (Reservation #21160901).

About Wireless Facilities

As a global leader in telecommunications outsourcing, Wireless Facilities, Inc. designs, deploys, integrates and manages wireless networks and specialized security systems for some of the largest wireless telecommunication carriers, wireless equipment vendors and general contractors worldwide. Specializing in network architecture and dimensioning of mobile and high speed wireless data systems, including third generation (3G) networks, WFI provides a complete range of network services -- from business and market planning to RF engineering, fixed network engineering, IP and data engineering, site acquisition and development, installation, optimization and maintenance.

WFI is headquartered in San Diego and has performed work in over 100 countries since the Company was founded in late 1994. The Company has offices in Dallas, Chicago, Seattle, Reston, London, Gothenburg, Stockholm, Mexico City, Sao Paulo, and Beijing. News and information are available at www.wfinet.com .

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company`s expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company`s actual results may differ materially. Factors that may cause the Company`s results to differ include, but are not limited to: changes in the scope or timing of the Company`s projects; continued and additional slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements, or consolidation by or the loss of key customers; the adoption rate of new wireless data services; potential losses or lost opportunities arising from the Company`s operation of its variable cost model; potential write-offs of goodwill and other long-lived assets; financial constraints on our customers that could cause us to write off accounts receivable or terminate contracts; failure to successfully consummate acquisitions or integrate acquired operations; changes in the Company`s effective income tax rate; the rate of adoption of telecom outsourcing by network carriers and equipment suppliers; the rate of growth of adoption of WLAN and wireless security systems by enterprises; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company`s Annual Report on Form 10-K filed on March 21, 2003 and in other filings made with the Securities and Exchange Commission.

For further information, please contact Gina Aven, Director of Investor Relations of Wireless Facilities, Inc., [phone], [e-mail] .

WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Three months ended,
June 30, 2003 September 30, 2003

Revenues $56.8 $68.6
Cost of revenues 39.8 49.9
Gross profit 17.0 18.7

Selling, general and
administrative expenses 11.2 11.9
Provision for doubtful accounts (0.9) (0.9)
Depreciation and amortization 1.7 1.6
Operating income 5.0 6.1
Other income (expense) (0.2) 0.5
Income before income taxes 4.8 6.6
Provision for income taxes -- --
Net income $4.8 $6.6

Net income per common share:
Basic $0.09 $0.12
Diluted $0.07 $0.09

Weighted-average common
shares outstanding:
Basic 51.1 53.8
Diluted 72.3 75.7



WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Statements of Operations
(In millions, except per share amounts)

Nine months ended,
September 30, 2002 September 30, 2003

Revenues $136.0 $179.3
Cost of revenues 101.4 128.7
Gross profit 34.6 50.6

Selling, general and
administrative expenses 56.2 34.4
Provision for doubtful accounts 8.5 (3.1)
Depreciation and amortization 6.0 5.0
Impairment charges 21.1 --
Operating income (loss) (57.2) 14.3
Other income, net 0.3 1.1
Income (loss) before income
taxes (56.9) 15.4
Provision for income taxes 10.1 --
Net income (loss) $(67.0) $15.4

Net income (loss) per common share:
Basic $(1.40) $0.30
Diluted $(1.40) $0.21

Weighted-average common shares
outstanding:
Basic 48.0 51.4
Diluted 48.0 72.3



WIRELESS FACILITIES, INC.
Unaudited Condensed Consolidated Balance Sheets
(In millions)

June 30, 2003 September 30, 2003
Assets
Current assets:
Cash and cash equivalents $104.2 $87.7
Short-term investments 13.0 28.4
Accounts receivable, net 61.3 78.5
Accounts receivable-related party, net 0.7 0.9
Contract management receivables, net 1.2 0.4
Prepaid expenses 1.5 1.7
Employee loans and advances 0.6 0.7
Other current assets 4.3 5.2
Total current assets 186.8 203.5

Property and equipment, net 12.6 12.4
Goodwill and other intangibles, net 47.7 48.1
Deferred tax assets, net 4.0 4.0
Investments in unconsolidated affiliates 8.1 8.1
Other assets 0.3 0.4
Total assets $259.5 $276.5

Liabilities and Stockholders` Equity
Current liabilities:
Accounts payable $10.3 $11.0
Accrued expenses 19.8 22.6
Accounts payable-related party 0.3 0.2
Contract management payables 2.5 2.0
Billings in excess of costs 5.0 6.7
Income taxes payable, net 2.7 2.6
Capital lease obligations 1.2 0.7
Accrual for unused office space 1.6 1.5
Total current liabilities 43.4 47.3

Capital lease obligations, net of
current portion 0.5 0.3
Accrual for unused office space, net
of current portion 6.7 6.2
Other liabilities 1.4 1.4
Total liabilities 52.0 55.2

Minority interest in subsidiary 0.3 0.3

Stockholders` equity 207.2 221.0
Total liabilities and stockholders`
equity $259.5 $276.5




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Source: Wireless Facilities, Inc.

[panik]

8:19AM WFII upgraded to Strong Buy at First Albany 13.99: First Albany upgrades Wireless Facilities to Strong Buy from Buy and raises its target to $19 from $18. The co announced the acquisition of High Technology Solutions, a privately held provider of communications systems engineering, and operational outsourcing services to the federal government, a strategic focus for the co. The firm looks favorably on the transaction and believes the key points include: increased confidence that the co will meet expectations for Q403 and for 2004, the potential to accelerate growth through its entry into the sizable govt IT market, and the ability to grow earnings through enhanced operating leverage

[panik]

It`s Good to Be the King



By Scott Patterson
January 7, 2004
UNLESS YOU WORK in the money-management industry, you probably haven`t heard about Daedalus Capital. But those in the know are well aware of the tiny St. Louis-based investment-advisory firm, whose founder and chief investment officer, Stephen Coleman, is building a legendary track record.

You don`t have to take our word for it. In the November 24, 2003, issue of Pensions & Investments, a biweekly tracker of money managers, funds and institutional investors, Daedalus was named the No. 1 domestic managed equity portfolio in the U.S. for the 12 months ended Sept. 30 with a stunning 209% return. Daedalus — and when we say Daedalus, we mean Coleman, who makes all of the investment decisions for the firm — far outdistanced its closest competitor, Insight Capital Research, which posted a 122.2% return for the same period.

If you think Coleman just got lucky, think again. Three years ago, he received Pensions & Investments` No. 1 ranking for portfolio managers for the five years ended Sept. 30, 2000, with an annualized return of 49.4% for the period. Since its inception in 1994, Daedalus has posted an annualized return of 16.1% as of Sept. 30, 2003, compared with the S&P`s 11.4%.

How does he do it? Coleman restricts his portfolio to just a few stocks. Right now, for instance, he owns shares of just 10 companies, and the most he`s ever owned is 21. He says this allows him to focus his attention on a limited number of names, reducing the likelihood that he`ll make a bad decision.

His recent success has come primarily from two sectors: tech and telecom. Coleman says he recognized that the two industries had been beaten up far beyond what they deserved. Starting in late 2002, he began to load up on companies like Lucent Technologies (LU), Qualcomm (QCOM), Corning (GLW) and Nortel Networks (NT). He calls his Nortel play one of the best, and most profitable, decisions of his career. Daedalus bought a large block of shares when Nortel had fallen to 75 cents; it`s now trading well above $5, and Coleman thinks it will go to $20 within three to five years.

We asked Coleman for the secrets to his investment strategy and where he has his money now. Take our advice and keep reading to the end, when he reveals a stock he thinks will "triple in a week."

SmartMoney.com: You restrict your holdings to only a small number of stocks, whereas many institutional investors usually hold hundreds at a time. What`s behind that strategy?

Stephen Coleman: I think that`s an easier way to make money, and it`s certainly easier to manage.

SM: Doesn`t that make your portfolio more risky?

SC: I don`t see the correlation. When you have 10 stocks, you expose the portfolio to 10 companies. The quality of those names determines your risk. The number "10" is irrelevant. It`s the quality of the names of the companies that you own that determines your risk. If you have 100 companies, you`ve exposed yourself to 100 different risks. The quality of those risks has to be evaluated. Maybe you own 10 companies worth owning, and ninety are a bunch of crap, so 90% of your money is at risk — at greater risk than if you`d owned only 10. My point is that diversification in and of itself does not eliminate risk, because you could make 100 stupid decisions. What I try to do is make good decisions every time. In order to do that, I have to limit the number of things I`m willing to buy. How much information can you process? Since I`m the chief cook and bottle washer over here on the investment side, I can manage mentally probably about 25 max, but the most I`ve actually had in the portfolio in nine years is 21.

SM: What do you look for when evaluating a company?

SC: I have to be able to see the future. I have to be able to see that people who invest in that company or that sector think they can earn a return. So that has to be there. It has to be some kind of growth story. We grow money, that`s what we do.

SM: But you`ve said in the past that you`re not a growth investor.

SC: I`m not a growth investor, I`m not a value investor — but we do grow money. The money-management industry has chosen to define itself this way. The industry has chosen to dive into these little boxes — a little box called value, and a little box called growth. Each of these boxes has a subset called small cap, midcap and large cap. I avoid all of them. None of those boxes are relevant to what we do. The only thing that we care about is where we can earn a return. It could be in any of those boxes, or it could be somewhere else entirely, maybe international.

SM: When do you decide to sell your position in a stock?

SC: When I walk into a position, I know what price I`m looking for, and I know what time frame I want that price to occur in. And assuming I get that price in that timeframe, I`ll then evaluate the situation and decide if there`s more to be had. I`ll give you an example. When I got into Nortel, I said to myself that this is a $20 stock. Now I was positive that this was a $20 stock. It`s going to go up four-to-one in the next three to five years. I`m sure of it. And I`ll wait. When it gets there, I`ll evaluate.

SM: What sets your strategy apart from the other money managers?

SC: I think what separates us from everybody else comes down to courage. I have the courage to act on my ideas. I don`t think there`s any other differentiator. Because let`s give credit where credit is due: There are a lot of brilliant people in the world. I can`t outthink my competition. So it isn`t intellect, and it isn`t industry, because there are whole teams of analysts out there looking for the next great idea. The amount of legwork and time they`re willing to put into a project exceeds my capacity. So I can`t outsmart them, and I can`t outwork them. Where the separation takes place, after you`ve done that work, and you`re staring Nortel at 75 cents, and you`re looking around, saying to yourself, saying, "Oh my, can I?"

I`m a Trekkie, see, and the Klingons have a wonderful phrase — before they go into battle, they say to themselves that it`s a good day to die. Before I buy a stock like Nortel, I say, it`s a good day to die. Not that I plan to. But every time you stare into that abyss, you must be willing to say, "I`m willing to bet my livelihood on my ability to make a sound judgment." You must have the courage to implement according to that. And that`s where we separate.

SM: What specifically about Nortel did you like?

SC: The reason why Nortel was 75 cents — and it actually got down to 43 cents — was because of the slowdown in telecom, which basically took the company down to $20 from $87. Then you had a series of breakdowns that completely torched the industry. The MCI-WorldCom scandal, Enron, which had connections to telecom, and Adelphia. You had a whole series of things like that blowing up in the same sector. There were also some very specific concerns about the company being articulated by analysts. The primary concern was that they were going to run out of cash. Access to capital was being denied. But in October 2002, they announced that they were cash-flow positive. That`s when I started buying like crazy. Because if you`re cash-flow positive and your cash exceeds your debt, you`re not dead. And if you`re not dead, and you`re Nortel, you`re a $20 stock.

SM: Which sectors do you favor right now? It looks like you own a lot of tech and telecom stocks.

SC: Those sectors are where the opportunities are right now — I primarily like telecom. But we`re willing to go anywhere. It`s just that these sectors have had such great values. Why? Quite frankly, our nation blew it. We took an entire industry, telecom, and treated it like it was radioactive. Meanwhile, everyone`s phone bill kept coming month after month. A lot of bad things happened. There was a legitimate recession and a capital-spending slowdown. The big Bell operating companies stopped spending money. But the market reaction was also driven by hysteria and scandals. Who`s going to be the next culprit? And once you have enough bad news in one sector, people are going to stop believing in the sector.

SM: Any companies you have your eye on but haven`t quite pulled the trigger on yet?

SC: Well there are always companies I`m eyeing, but I don`t share them [laughs]. There`s no joy in that, there`s no profit in it. Let me just say that our nation made a mistake with the telecom industry, and that mistake hasn`t been corrected, and until it`s been corrected, I`ll be where I am. This is the fourth trading day of the new year, and we`re already up 16%.

SM: A lot of the companies you own are household names like General Electric (GE) and Time Warner (TWX). But one, Wireless Facilities (WFII), is a little more obscure. Why do you like it?

SC: I`ve been interviewed by a lot of people, and you`re the first one to find that one. It`s a very special company, a small cap, one of those names the world hasn`t heard of, and when the world figures it out, that stock is going to triple in a week. It really is. It basically is the largest designer, builder and manager of wireless networks in the country. Verizon (VZ) is a customer, AT&T is a customer. It has a little over $200 million in sales, but that`s about to change. What it is above all else is a bunch of Ph.D.s in radio frequency technology. It was founded by the Tayebi`s, Iranian immigrants whose family was displaced when the Shah of Iran collapsed. They`re extremely smart, hard working and ethical, so they have all the virtues. Wireless Facilities is absolutely thought-central. It has a density of talent for solving the tough problems this industry demands, and it will produce.

[panik]

Wireless Facilities Awarded Contract for E911 Deployment on up to 3,000 Sites by National Wireless Carrier
Friday March 26, 8:00 am ET


SAN DIEGO, March 26 /PRNewswire-FirstCall/ -- Wireless Facilities, Inc. (WFI) (Nasdaq: WFII - News) today announced that it has been awarded nationwide work under its Master Service Agreement for Enhanced 911 (E911) deployment by one of the top six national wireless carriers in the United States.
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Under this contract, WFI will perform the engineering and installation services necessary to bring as many as 3,000 of the carrier`s existing wireless sites into compliance with current Federal Communications Commission (FCC) Phase II E911 regulations. WFI has commenced these services in California, Michigan, New Hampshire and West Virginia.

The FCC`s E911 regulations require that wireless carriers identify to the appropriate Public Safety Answering Point (PSAP) the location of 911 calls originating from within their networks. Phase II of the E-911 program generally requires that 911 calls be located accurately to within 50-100 meters. Many of existing wireless telecommunication facilities require the installation of new equipment, including radio and/or antenna components, in order to successfully achieve this new level of accuracy.

"WFI`s strong track record on equipment overlays to provide both increased network capacity and technology upgrades made this program a perfect fit for us," said Eric M. DeMarco, President and Chief Operating Officer of WFI. "We are very pleased that a major client has entrusted to us a program critical to both public safety and FCC compliance," DeMarco concluded.

About Wireless Facilities

Headquartered in San Diego, CA, Wireless Facilities, Inc. is an independent provider of outsourced communications and security systems engineering and integration services and other technical services for the wireless communications industry, the US government, and enterprise customers. The principal services we provide include the design, deployment, integration, and the overall management of wireless communications networks. We also provide communications systems engineering, systems integration, and the outsourcing of technical services such as operational test and evaluation and program management for the federal government and the design, deployment, and integration of security and other in-building systems including access control and intrusion detection for enterprise customers. The Company has performed work in over 100 countries since its founding in 1994. News and information are available at www.wfinet.com.

Notice Regarding Forward-Looking Statements

This news release contains certain forward-looking statements including, without limitation, express or implied statements concerning the Company`s expectations regarding future financial performance and market developments that involve risks and uncertainties. Such statements are only predictions, and the Company`s actual results may differ materially. Factors that may cause the Company`s results to differ include, but are not limited to: changes in the scope or timing of the Company`s projects; slowdowns in telecommunications infrastructure spending in the United States and globally, which could delay network deployment and reduce demand for the Company`s services; the timing, rescheduling or cancellation of significant customer contracts and agreements; the adoption rate of new wireless data services; and competition in the marketplace which could reduce revenues and profit margins. The Company undertakes no obligation to update any forward-looking statements. These and other risk factors are more fully discussed in the Company`s Annual Report on Form 10-K filed on March 8, 2004 and in other filings made with the Securities and Exchange Commission.

For further information please contact: investors and media, Martha Lessa, Director of Investor Relations, [phone], or toll free, +1-877-WFI-INVS, [e-mail], or Rochelle Bold, Senior VP of Corporate Development and Strategic Planning, [phone], [e-mail], both of Wireless Facilities, Inc.




--------------------------------------------------------------------------------
Source: Wireless Facilities, Inc.