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To: Tassi who wrote (51525)	4/16/2002 8:57:38 AM
From: Tassi	Read Replies (1) \| Respond to of 99280

ANCC...Up 19% preMarket:-) AIRNET COMMUNICATIONS EXPECTS TO EXCEED FIRST QUARTER FORECAST; REVENUE EXPECTED TO INCREASE MORE THAN 50% OVER PRIOR QUARTER BUSINESS EDITORS/TECHNOLOGY WRITERS MELBOURNE, FLA.--(BUSINESS -------------------------------------------------------------------------------- 07:59 ET MELBOURNE, Fla.--(BUSINESS WIRE)--April 16, 2002--AirNet Communications Corporation (Nasdaq:ANCC.Q), the technology leader in software defined base station products for wireless communications, today announced that it expects first quarter 2002 revenue to exceed its first quarter forecast. In the company's 4th quarter and year-end conference call, it forecasted first quarter revenue of approximately $6 million. Revenue is now expected to be approximately $6.5 million, an increase of 57% over the prior quarter. Revenue in the fourth quarter of fiscal year 2001 was approximately $4.1 million dollars, and revenue in the first quarter of fiscal year 2001 was $6.4 million. The Company also announced it had collected approximately $6.1 million in deposits associated with new purchase orders in the first quarter. "The first quarter of 2002 is off to a good start," Glenn Ehley, president and chief executive officer for AirNet Communications, said. "During the first quarter, the Company continued to execute to its business plan, despite a challenging economic environment for telecom suppliers. We continue to position the Company for growth as operators transition to GSM voice and high speed data services." Conference Call The Company plans to announce financial results for the first quarter of fiscal year 2002 at 4:00 p.m. Eastern time on Tuesday, April 23, 2002. Following the announcement, AirNet will host an earnings conference call featuring Mr. Ehley and Joseph F. Gerrity, vice president and chief financial officer. The teleconference is scheduled to begin at 5:30 p.m. Eastern time and is expected to last approximately 25 minutes. Those interested in listening to the conference call should dial 719/457-2698. For those who cannot participate in the live conference call, a replay will be available beginning at 8 p.m. ET on Tuesday, April 23, 2002, until midnight ET on Tuesday, April 30, 2002. The replay number for the conference call is 719/457-0820 and the pass code is 582166. About AirNet AirNet Communications Corporation is a leader in wireless base stations and other telecommunications equipment that allow service operators to cost-effectively and simultaneously offer high-speed wireless Internet and voice services to mobile subscribers. AirNet's patented broadband, software-defined AdaptaCell(R) base station solution provides a high-capacity base station with a software upgrade path to the wireless Internet. The Company's AirSite(R) Backhaul Free(TM) base station carries wireless voice and data signals back to the wireline network, eliminating the need for a physical backhaul link, thus reducing operating costs. AirNet has 70 patents issued or filed and has received the coveted World Award for Best Technical Innovation from the GSM Association, representing over 400 operators around the world. More information about AirNet may be obtained by calling 321.984.1990, or by visiting the AirNet Web site at airnetcom.com.