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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: Uptickin who wrote (35)	3/9/1999 9:37:00 AM
From: Hatim Zaghloul	Respond to of 16863

Press Release Wanda Posehn reports Wi-LAN SEEKING STRATEGIC PARTNERS TO MAXIMIZE SHAREHOLDER VALUE Wi-LAN retains Scotia Capital Markets as exclusive financial advisor following increased interest in Wi-LAN and its Wireless Local Loop and patented W-OFDM Technology Calgary, Alberta, Canada (March 9, 1999) — Wi-LAN Inc., a technology leader in the rapidly growing wireless data communications sector, today announced that it has retained Scotia Capital Markets, one of Canada's leading full-service investment banks, as financial advisor to the company in order to evaluate alternatives to maximize shareholder value. Alternatives under consideration include strategic partnering, and possible en bloc or partial sale of the company. Wi-LAN designs, builds and markets leading-edge technologies and products to deliver high-speed wireless data communications/Internet access to customers. Wi-LAN currently owns two key patents; the first patent covers wide-band orthogonal division multiplexing (W-OFDM) which is the technology adopted by the IEEE for the IEEE802.11a draft standard. The 30 Megabits per second W-OFDM product, is scheduled to be launched in June. The second patent is on multi-code direct sequence spread spectrum, which should prove its value in third generation cellular telephones. Wi-LAN is already supplying its patented product to national networks for high-speed wireless Internet access. Wi-LAN's customers include telephone companies such as the national Swedish Telephone Company, Telia, and RSL Com Canada, a fully owned subsidiary of RSL Communications (NASDAQ:RSLCF), large national Internet and intranet service providers such as Tele2(UK), a subsidiary of Millicom International (NASDAQ: MICCF), cable companies and regional school districts. Wi-LAN is currently proposing systems for various public high-speed wireless data networks worldwide. Cell-Loc Inc. of Calgary introduced state-of-the-art cellular location and tracking products in late 1998. Wi-LAN holds 1.8 million shares of Cell-Loc (ASE:CLQ). Another affiliate, Wireless Inc. of Santa Clara, California, that develops and markets wireless products merged with Multipoint Networks Inc., in June 1998. Wi-LAN owns 11 per cent of the merged company, also named Wireless Inc. -more- 2-2-2 “Recent multi-million dollar contracts for wireless local loop and wireless Internet access convinced us that we have the right technology to address the growing high-speed public data networks market segment. As our growth continues, we will evaluate options that make the most sense for Wi-LAN and its shareholders,” says Dr. Hatim Zaghloul, President and CEO of Wi-LAN Inc. About Wi-LAN Wi-LAN delivers wireless data/Internet communications products that feature consistent high performance, easy installation and superior quality at significantly lower costs than traditional wire-based networking alternatives. Wi-LAN provides infrastructure and high-speed networking equipment for public and private wireless data networks. The company's Hopper and Hopper Plus products have been sold in more than 30 countries on six continents. Wi-LAN shares trade on the Alberta Stock Exchange under the symbol WIN. Detailed information on Wi-LAN can be found on the Web at wi-lan.com

To: Uptickin who wrote (35)	3/9/1999 9:43:00 AM
From: Hatim Zaghloul	Read Replies (1) \| Respond to of 16863

Thanks for your thoughts and continued support. I cannot comment on a particular situation. We do have excellent technology. Our target in the past two years has been to concentrate on completing the development of W-OFDM-based products and to secure some larger contracts. We are starting to get the exposure we deserve because of the recent contracts we signed and because of the role W-OFDM is starting to take in different standards. We do need a wider reach since our products are suitable for the global wireless Internet access market. We are always evaluating how to gain this reach and increase our sales. There are many options that one has to consider at all times: options like growing it the old fashioned way (with the risk of losing time and having some uncertainty), partnering with larger companies (with the risk of losing some or most of the upside), selling the company to a major player (finite upside), or joining forces with another complimentary small payer (with the risk of no track record). Talking specifically, Waverider does have a good management team. That they are opening an R&D facility in Calgary is good for any possible future discussions. If there is any business relationship that would make business sense, we would evaluate and, if it is appropriate, we will attempt to materialize it.