Credit Suisse First Boston Announces Investment Opinion on Wireless Facilities Inc.

PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 30, 1999--

Credit Suisse First Boston Technology Group analyst Marc Cabi initiated coverage today of Wireless Facilities Inc (WFII) with a Strong Buy rating. Cabi has set his EPS estimate for CY00 at $0.39.

Cabi cites strong wireless subscriber growth, coupled with network expansion and upgrades for 3G, wireless data and mobile Internet as fueling the demand for wireless telecom outsourcing services. He believes Wireless Facilities' industry-leading position, technology and vendor neutrality and end-to-end, turnkey solutions position the company to capitalize on this strong demand. "Wireless Facilities offers investors an opportunity to benefit from a growing, profitable company in one of high tech's fastest-growing and most dynamic industries," wrote Cabi in a research note issued this morning.

Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 14,000 employees. For the year ended December 31, 1998, CSFB had $6.7 billion in revenues, $7.1 billion in equity and $291 billion in assets. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.