PCTEL to Buyback Authorized Shares Under the SEC's Emergency Order

Business Wire, Sept 22, 2008

Company Reiterates Previous Guidance Range For Third Quarter Revenue and Gross Margin

BLOOMINGDALE, Ill. -- PCTEL, Inc. (NASDAQ:PCTI), a leader in propagation and optimization solutions for the wireless industry, announced today that it intends to buyback the remaining shares under the Board of Director's previously authorized buyback of 1 million shares. Since August 21, 2008, the company has bought back 363,000 shares and will resume the buyback of the remaining 637,000 shares. Under the Board's 2007 authorization, the company bought back over 3 million shares earlier this year.

It is the company's policy to buyback shares only during the quiet period between its earnings release and the first week of the last month of the quarter. The Securities and Exchange Commission's temporary relaxation of timing and volume restrictions under 10b-18, however, give publicly-held companies the opportunity to provide an important source of liquidity in these unusual times.

While business conditions can change, at this point existing orders and quarter to date shipments suggest that PCTEL will generate revenue within its earlier guidance of $20.0 to $20.5 million and that its gross margin will be within 43-45 percent. Shipping logistics, timing of order receipts, and product mix will determine if the company comes in at the low or high end of this range. The company will provide updated guidance on the fourth quarter at its next earnings call, which is scheduled for October 27, 2008.

"We are fortunate to have a balance sheet that allows us to demonstrate well-founded support for our company," said Marty Singer, PCTEL's Chairman and CEO. "It is important for us to remember, however, that market turmoil cannot distract us from our first priority - performance and execution of our business plan," added Singer.

About PCTEL

PCTEL, Inc. (NASDAQ: PCTI), is a global leader in propagation and optimization solutions for the wireless industry. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions. PCTEL's MAXRAD(R) antenna solutions address public safety applications, unlicensed and licensed wireless broadband, fleet management, and network timing. Its portfolio includes a broad range of antennas for WiMAX, Land Mobile Radio, GPS, telemetry, RFID, WiFi, indoor cellular, and mesh networks. The company's SeeGull(R) scanning receivers, receiver-based products and CLARIFY(R) interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL's products are sold worldwide through direct and indirect channels. For more information, please visit the company's web site at: www.pctel.com.

PCTEL Safe Harbor Statement

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Specifically, the statements regarding PCTEL's intentions to resume the buyback of 637,000 shares under the Board's August 2008 authorization and suggestion that it will generate revenue within its earlier guidance and achieve its gross margin target, are forward looking statements within the meaning of the safe harbor. These statements are based on management's current expectations and actual results may differ materially from those projected as a result of certain risks and uncertainties, including the timing of order receipts, product mix and shipping logistics, and other risks and uncertainties which are detailed in PCTEL's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and PCTEL disclaims any obligation to update or revise the information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.