Ikanos Communications Captures Investors' Choice Award for the Second Year in a Row.

Business Editors/High-Tech Writers

FREMONT, Calif.--(BUSINESS WIRE)--March 15, 2004

VentureWire Names Ikanos Communications as One of the 'Top Ten

Start-ups' At the Network Outlook Conference

Ikanos Communications, developer of Smart Silicon For Profitable Broadband(TM), has received VentureWire's Investors' Choice award for the second consecutive year at the 2004 Network Outlook private equity conference held outside San Francisco last week. Ikanos was one of ten award winners selected from 72 privately held companies that were invited to present their business plans at the conference. The companies were selected as most likely to succeed by an audience of more than 300 investors, executives, and entrepreneurs.

"It is a great honor to receive this recognition once again and to be seen by our peers as a company with continued growth and worldwide success," said Rajesh Vahsist, president and chief executive officer of Ikanos. "During the early stage of the company we had the foresight to focus our sales efforts in the booming broadband market in Japan and Korea. Our focus in this market has paid off for the company. To date we have shipped more than two million ports of our VDSL-DMT and Fiber-to-the-home (FTTx) solutions. The company also continues to exceed its own revenue plan and has experienced sequential revenue growth since the second half of 2003. With this foundation, we are poised for significant growth in the coming years."

Now in its twelfth year, the Network Outlook conference examines strategies that can generate revenue and profits in a difficult market environment and the technologies, services, and products that will enable carriers and enterprises to maximize the value of their networks. Topics at this year's conference included opportunities in residential broadband connections, regulatory changes and competitive issues that improve the prospects for new digital services by telecommunications companies and cable operators alike, and the increased adoption of IP telephony and other new enterprise technologies. The conference is organized by VentureWire, part of the Dow Jones Newsletters group at Dow Jones & Co.

About Ikanos Communications

Founded in 1999 and based in the Silicon Valley, Ikanos Communications develops and markets highly programmable chipsets that exceed 100 Mbps over a single copper pair. Ikanos' silicon solutions enable access equipment vendors to serve many different customers while slashing time to market and lowering development, manufacturing, and inventory costs.

Ikanos is the first mover in the Fiber Extension over Copper market and was the first to introduce VDSL-DMT over Copper in a high port density solution. Ikanos works closely with both equipment vendors and carriers worldwide to optimize its technology for each market. To date, Ikanos' technology is deployed in the world's largest carrier networks throughout Japan, Korea and in Europe.

Ikanos' comprehensive offering encompasses silicon, embedded software, reference designs, high-level APIs, and extensive documentation. Ikanos is a member of, and contributes to, ANSI, the IEEE 802.3 EFM Study Group, DSL Forum, and ITU-T. For additional information about Ikanos, please visit the web site at www.ikanos.com or contact, Jeannette Bitz at Engage PR, [e-mail], 510-748-8200 ext. 207.

Ikanos Communications, Ikanos, and the Ikanos logo design are trademarks of Ikanos Communications.