Press Release: July 20, 2000

WR Hambrecht + Co Raises Price Target For Vyyo (VYYO) To $50, Reiterates Buy Rating

Savageaux cites domestic and international expansion as key drivers

San Francisco, CA, July 20, 2000—WR Hambrecht + Co today raised its price target for Vyyo (VYYO) to $50 from $35 and reiterated its Buy rating on the global supplier of broadband wireless access systems. eNetwork Infrastructure analyst Tim Savageaux cited positive evidence in Vyyo’s Q2 earnings, the firm’s OEM relationships with system integrators Nortel Networks and ADC Telecom, field trials with MMDS spectrum holders Sprint and MCI Worldcom, MMDS deployments in Australia, and field trials in Mexico as key reasons for the increase. WR Hambrecht + Co offers all its research reports at www.wrhambrecht.com.

“We believe the achievement of this leadership position, along with timely and successful deployment of broadband wireless services by carriers in the U.S. and around the world, could put Vyyo on a par with leaders in other broadband access technology markets such as cable, DSL and fiber,” Savageaux said.

Vyyo, Inc. supplies broadband wireless access systems for MMDS and LMDS frequencies used by telecommunications operators to deliver wireless, high-speed data connections to business and residential subscribers.