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November 4, 1999

Woodside Fund’s Investment in DMIC Powers Performance of Woodside Fund Partnerships

Woodside CA -- Woodside Fund, a leading venture capital firm in Northern California has completed the distribution of shares in Digital Microwave Corporation (DMIC). On October 6, 1999, DMIC had a market capitalization of over $1 billion, with the market value of Woodside Fund partnerships’ holdings in excess of $40 million.

DMIC is the world’s largest independent manufacturer of wireless telecommunication infrastructure products. In the third quarter of 1998, DMIC merged with a company that Woodside Fund co-founded and developed, Innova Corporation. DMIC was attracted to Innova’s digital millimeter wave radios that were considered the most advanced in the industry, with the lowest manufacturing cost relative to the competition.

Woodside Fund has co-founded several successful companies in their portfolio and has created a series of four early stage information technology funds. Woodside Fund is a leading early stage venture capital firm dedicated to building industry-leading information technology enterprises, in partnership with exceptional entrepreneurs. The investment professionals at Woodside Fund have decades of business startup and management experience in information technology. This enables the Fund to serve as the lead or co-lead investor in most of its portfolio companies, and take an active role in building stellar companies. Woodside Fund principals typically serve as board members of the companies in which they invest.

Founded in 1983, Woodside Fund has one of the longest and strongest track records of success in early stage venture capital investing. All Woodside Funds have performed in the upper quartile of the industry for venture capital partnerships formed in their respective years. Woodside Fund’s latest partnership, Woodside Fund IV, invests between $4 and $7 million in primarily early stage companies in the following areas: Internet and electronic commerce, computer software, telecommunications, and networking.






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