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To: Lutz Moeller who wrote (903)	4/4/2000 11:20:00 PM
From: Rob Preuss	Respond to of 1762

[DMIC releases Q4 FY00 results on Wednesday 26 April at 5:00 PM Eastern Time] Conference call: 415-247-8510 [call no later than 4:50 PM; give your name to the operator] Conference call replay: 800-633-8284 (code: 14809579) [available beginning 2 hours after the call's conclusion] [remains available until 48 hours after call's conclusion] Source: DMIC website dmcwave.com

To: Lutz Moeller who wrote (903)	4/6/2000 1:19:00 PM
From: Rob Preuss	Respond to of 1762

[S.G. Cowen reiterates "Strong Buy".] Found on the Yahoo! message board... (and attributed there to S.G. Cowen)... DMIC BENEFITS FROM EXCITEMENT IN FIXED WIRELESS MARKET AND REBOUND IN CORE MARKETS - correction from a high of $48. DMIC is well positioned to take advantage of the expected strong growth in the fixed broadband wireless markets while the rebound in its core markets offers stability to its financials. We feel that the trade-off is overdone for the following reason: 1. The stock is currently trading at 4.6X CY01 revenue of $480MM, a significant discount to the 10-20X multiple that some other pure play vendors are trading. 2. The quarter is tracking well - we feel there could be some slight upside to our $85MM in revenue, a 42% increase Y/Y and that our $0.08 estimate is achievable. Additionally, we expect that orders will once again be strong and could rise 35-40% Y/Y and approach the $90MM level. This level of orders should be viewed very positively, especially in light of the exceptional orders received last quarter ($104MM). 3. The rebound in the core markets is continuing. We expect that the Narrowband division will report revenue of $53MM, a 23% increase versus last year. Additionally, we estimate that orders could be $55MM, a significant improvement versus the $35-45MM rate a few quarters ago. 4. The interest and demand for fixed wireless broadband is beginning. The market is projected to grow to be a $2-5B market by 2003. DMIC benefits in this market in three ways. + The rollout of Altium, which we expect will quadruple Y/Y and rise 36% sequentially to $17MM. + Its equity stake in Ensemble Communications, a leading developer of point-to-multipoint radios. The two companies recently announced a distribution agreement and the product is expected to begin shipping later this year. + It is internally developing a high capacity point-to- multipoint offering. Development on the product is expected to take from 18-24 months.

To: Lutz Moeller who wrote (903)	4/10/2000 10:52:00 AM
From: Rob Preuss	Respond to of 1762

Hopping The Gap. Fixed wireless may be a low-cost way to reach the business market. by Fred Dawson + Full Article; (April 2000 issue of "Communications Engineering & Design) cedmagazine.com + Excerpt about Ensemble Communications (a privately held company partly owned by, and in partnership with, DMIC): But the fact that Teligent, MCI, Sprint, NextLink and a host of other U.S. players in the wireless broadband space from MMDS (multichannel multipoint distribution service) at 2.5 GHz through LMDS (local multipoint distribution service) all the way to the 39 GHz tier have yet to announce suppliers for commercial rollouts of PMP systems has fueled a new wave of technology solutions from established and startup vendors who believe new approaches are needed if carriers hope to meet market demand. "The air links available up until now have not been sufficiently flexible to support the pricing and usage models that you need to compete in the real world," says Carlton O'Neal, vice president of marketing at San Diego- based startup Ensemble Communications Inc. Ensemble had originally expected that its product release in the second quarter of this year would put it in a catch-up mode against providers of previous generation equipment, but the failure of that equipment to take off and the resulting slow pace of wireless broadband rollouts has greatly improved Ensemble's prospects, O'Neal says. "It's not a great situation for the carriers, but it's great for us," he adds. Along with providing the mechanisms for dynamically assigning bandwidth at pre-set pricing levels, the Ensemble system provides support for bursting large quantities of data on top of the guaranteed service a given customer has signed up for, O'Neal explains. Because such bursts can be accommodated via unused portions of a given channel stream at any given moment, this means that operators can assure customers they'll have added bandwidth available when they need it, while maximizing the number of customers served by any one channel. O'Neal says other features of the Ensemble Adaptix air link protocol include use of adaptive time division duplexing, which allows variable rates of data to flow in both directions over a single channel; adaptive TDMA, which supports variable packet lengths to maximize burst rate bandwidth efficiency; and adaptive modulation, which provides for delivery of signals over the highest level of modulation that's feasible at a given moment in the fluctuating atmospheric environment of the transmission path. While Ensemble's system will register at about a six on a scale of one-to-10 in the pricing of wireless broadband systems, the overall cost of infrastructure based on its technology versus other systems will be much lower, owing to the flexibilities the company has built into the technology, O'Neal says. The system, which includes 64 QAM as one of the dynamically assignable modulation options, operates over any frequency tiers between 10 GHz and 43 GHz.