Netro Elects Technology Investment Banking Pioneer to Board of Directors

Business Wire, May 16, 2000

Business Editors

SAN JOSE, Calif.--(BUSINESS WIRE)--May 16, 2000

Sanford R. Robertson to Join Broadband Wireless Market Leader's

Growth in New Multi-Billion Dollar Telecommunications Market

Netro Corporation (Nasdaq:NTRO), a market leader in broadband wireless solutions, today announced the election of Sanford R. Robertson to the company's board of directors.

Robertson, a pioneer in technology investment banking, is currently a principal with Francisco Partners, a leveraged buyout firm specializing in technology which is located in San Francisco.

"We are extremely pleased to welcome Sandy Robertson to the Netro team," said Gideon Ben-Efraim, Netro president and CEO. "His extensive business and financial experience, along with our other distinguished board members, will be a major asset in helping us both maintain and grow our leadership position in the broadband wireless market."

Prior to founding Francisco Partners, Mr. Robertson was the founder and chairman of Robertson, Stephens & Co., a leading technology investment bank formed in 1978 and sold to BankBoston in 1998. Since the sale, Mr. Robertson has been an active technology investor and advisor to several technology companies. Mr. Robertson was also the founder of Robertson, Colman, Siebel & Weisel, later renamed Montgomery Securities, another prominent technology investment bank. Mr. Robertson was one of the pioneers in the creation of West Coast technology banking as an industry in the late 1960s, and has remained one of the industry's most renowned participants to this date.

"I am excited to be joining such a dynamic and growing company in what I consider to be one of the most explosive markets today," said Robertson. "I have had the privilege of being associated with a number of market leaders during my business tenure, including Netro. With a market estimated to grow to $8 billion in just the next three years, I look forward to working with Netro to help increase its leadership role in the broadband wireless and fixed mobile integration market while the company continues to build on and expand its industry gold standard technology."

In addition to Netro, Robertson has had significant financing involvement in over 500 growth technology companies throughout his career, including 3Com Corporation, America Online, Inc., Applied Materials, Inc., Ascend Communications Inc., Dell Computer Corporation, E*Trade Securities, Inc., Siebel Systems, Inc. and Sun Microsystems, Inc. Mr. Robertson received both a Bachelor of Arts and a Masters in Business Administration with Distinction from the University of Michigan.

About Netro Corporation

Netro Corporation (Nasdaq:NTRO) is a leading provider of intelligent broadband wireless access solutions for Internet and telecom service providers worldwide. Netro's broadband wireless access system, AirStar, derives its price performance benefit from its proprietary packet-based technology that maximizes spectrum usage through dynamic bandwidth allocation. AirStar is one of the first commercially available broadband wireless access systems, carrying IP and voice traffic using a point-to-multipoint architecture. For more information, contact Netro Corporation, 3860 North First Street, San Jose, CA 95134-1702 USA 408/216-1500, http://www.netro-corp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, Netro's historical and future losses, limited operating history, dependence on a single product, fluctuations in quarterly operating results and limited manufacturing experience. Further information regarding these and other risks is included in Netro's prospectus dated March 17, 2000 and in its other filings with the Securities and Exchange Commission.

NOTE TO EDITORS: In the company name E*Trade noted in this news release, there is an asterisk between E and Trade. This symbol may not appear properly in some systems.