Press Release: May 1, 2000

WR Hambrecht + Co Initiates Coverage of VYYO (VYYO) with a Buy Rating and a Target of $35

Broadband Wireless Company revenues projected to quadruple for 2001

San Francisco, CA, May 1, 2000—WR Hambrecht + Co today initiated research coverage on VYYO (VYYO) with a buy rating and a price target of $35. WR Hambrecht + Co.’s eNetworks Infrastructure analyst Tim Savageaux cited VYYO’s early market leadership in the broadband wireless access market key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

"Given our outlook for subscribers, the Company’s early market leadership and 2000 carrier capital spending plans, we believe there could be major upside going forward," Savageaux said.

Savageaux projects VYYO’s total revenues will reach $13.4 million in 2000 and $53.5 million in 2001, up from $4.2 million in 1999.

VYYO supplies broadband wireless access systems used by communications service providers to deliver wireless, high-speed data connections to business and residential subscribers.