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Vyyo Reports Third Quarter Fiscal Year 2005 Results

Vyyo Inc. (Nasdaq: VYYO), a global supplier of broadband access equipment for cable and private wireless broadband network solutions today reported financial results for the third quarter ended September 30, 2005. For the third quarter of 2005, Vyyo reported sales of $0.2 million, compared to $1.2 million in the second quarter of 2005. Loss for the third quarter of 2005 was $8.9 million or $0.57 per share, compared to a loss of $8.2 million, or $0.53 per share, in the second quarter of 2005. Loss from continuing operations for the third quarter of 2005 was $8.9 million, or $0.57 per share, compared to $8.3 million, or $0.54 per share, in the second quarter of 2005. As of September 30, 2005, Vyyo had cash, cash equivalents and short- term investments of $20.6 million. "Throughout 2005 we have concentrated on restructuring the company to focus entirely on the wireless utility, T-1 over HFC (hybrid-fiber coax) and spectrum overlay markets. Our financial results reflect this transition," stated Davidi Gilo, Chairman and Chief Executive Officer of Vyyo. "We believe that we are making significant progress in achieving our objectives in each of these large, strategic opportunities." Investor Conference Call Vyyo will host an investor conference call to discuss the third quarter results on Monday, November 14, 2005 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time), after which management will host a question and answer session. To participate, please log onto http://www.vyyo.com or dial (303) 262-2140 at least 10 minutes prior to the call and ask to be connected to the Vyyo conference call. The conference call can be accessed live, and throughout the quarter, at Vyyo's website at http://www.vyyo.com/Investors. A telephone replay will be available through November 17, 2005 by dialing (303) 590-3000 and entering access code 11043386#. About Vyyo Inc. Vyyo provides cable and wireless broadband access solutions. Our products are designed for use by utilities, cable television and telecommunication operators, wireless internet service providers (ISPs) and enterprise. Our wireless broadband solutions enable utilities and other customers to operate private wireless networks for communications to their remote assets and customers. Typical applications include high speed internet services, SCADA (Supervisory Control And Data Acquisition), voice over internet protocol ("VoIP") and telephony ("T1/E1") all based on our modified Data Over Cable System Interface Specification ("DOCSIS(R)") technology. Our cable system spectrum overlay solutions are designed to expand cable operators' typical HFC (hybrid-fiber coax) network capacity in the "last mile" by up to 2x in the downstream and up to 10x in the upstream, addressing bandwidth demand for T1 and other advanced services. For more information, please visit http://www.vyyo.com. Safe Harbor Statement Statements made in this press release relating to the future, including those regarding the market drivers for Vyyo's wireless utility, T-1 over HFC and spectrum overlay solutions, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our business and results of operations to differ materially from those expressed or implied by such forward-looking statements. Risks that may cause these forward-looking statements to be inaccurate include among others: whether we will be able to move from the development stage to deployment and establish commercial relationships with cable system operators; whether we will be able to successfully produce our wireless systems and whether such systems will be adopted and deployed by utilities and other customers; the current limited visibility available in the telecommunications and broadband access equipment markets; the willingness and ability of operators to adopt Vyyo's new technology and apply it in a manner that meets customer demands; Vyyo's ability to produce and distribute our broadband wireless and spectrum overlay products in the quantities, and with the quality control, desired by the market; and other risks set forth in Vyyo's annual report on Form 10-K for the year ended December 31, 2004, Vyyo's quarterly reports on Form 10-Q and other reports filed by Vyyo with the Securities and Exchange Commission from time to time. Vyyo assumes no duty to update these statements. All trademarks mentioned herein are the property of their respective owners. DOCSIS is a trademark of Cable Television Laboratories, Inc. Vyyo Inc. Condensed Consolidated Statements of Operations In Thousands, except per common share data Three Thre onths Ended Months Ende eptember 30, June 30, 20052005 Revenues$225 $1,152 Cost of revenues: Cost of products sold * 2,153 1,347 Amortization of technology 92 92 Total Cost of revenues2,245 1,439 Gross loss (2,020) (287) Operating expenses (income): Research and development 2,966 2,858 Selling and marketing 2,248 3,104 General and administrative, net 1,442 1,872 Amortization of intangible assets 356 417 Restructuring adjustments -- (93) Total operating expenses 7,012 8,158 Operating loss (9,032) (8,445) Interest income, net 121 120 Loss from continuing operations(8,911) (8,325) Discontinued operations -- 100 Loss for the period $(8,911) $(8,225) Loss per common share Continuing operations $(0.57) $(0.54) Discontinued operations--0.01 $(0.57) $(0.53) Weighted average number of common Shares outstanding - Basic and diluted 15,535 15,381 * During the three months ended September 30, 2005 the Company recognized inventory writedowns of approximately $1,700,000. These writedowns include a $400,000 provision for purchase commitments. During the three months ended June 30 2005, the Company recorded a writedown of excess inventory of $350,000. Vyyo Inc. Condensed Consolidated Balance Sheet In Thousands September 30, June 30, 2005 2005 Assets Current Assets: Cash and short-term investments $20,617 $27,309 Accounts receivable, net 865 1,321 Inventories 2,193 2,899 Other current assets 939 1,130 Total Current Assets 24,61432,659 Property and Equipment, net1,771 1,758 Employee rights upon retirement funded 871 794 Intangible Assets5,336 5,784 Total Assets $32,592 $40,995 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $2,531$1,949 Accrued liabilities 6,320 6,813 Total Current Liabilities 8,851 8,762 Liability for employee rights upon retirement 1,495 1,552 Total Stockholders' Equity22,24630,681 Total liabilities and stockholders' equity $32,592 $40,995

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