<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  FORM 10-QSB

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                             EXCHANGE ACT OF 1934
                 FOR THE QUARTERLY PERIOD ENDING JUNE 30, 2001
                                       OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                             EXCHANGE ACT OF 1934
           FOR THE TRANSITION PERIOD FROM __________ TO ____________

                        COMMISSION FILE NUMBER 0-21061

                         SPEEDCOM WIRELESS CORPORATION
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

        DELAWARE                                            58-2044990
(STATE OR OTHER JURISDICTION OF             (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)

                          1748 INDEPENDENCE BLVD. G-6
                              SARASOTA, FL 34234
                                (941) 358-9283
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports) Yes[x] No[ ], and (2) has been subject to such
filing requirements for the past 90 days Yes[x] No [ ].

Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of the last practicable date: July 27, 2001 - 9,648,113 common
shares, $.001 par value.

Transitional small business disclosure format (check one):  Yes [ ] No [x]
<PAGE>

                         SPEEDCOM WIRELESS CORPORATION

                FORM 10-QSB FOR THE PERIOD ENDED JUNE 30, 2001

                                     INDEX
<TABLE>
<CAPTION>
PART I.   FINANCIAL INFORMATION
<S>       <C>                                                                         <C>
Item 1.     Financial Statements

            Balance Sheets as of June 30, 2001 and December 31, 2000                  3
            Statements of Operations for the three and six months ended
                 June 30, 2001 and 2000                                               4
            Statements of Cash Flows for the six months ended
                 June 30, 2001 and 2000                                               5
            Notes to Financial Statements                                             7

Item 2.     Management's Discussion and Analysis of Financial Condition
                 and Results of Operations                                            13

PART II.  OTHER INFORMATION

Item 4.     Submission of Matters to a Vote of Security Holders                       22

Item 6.     Exhibits and Reports on Form 8-K                                          23


Signatures                                                                            23

Exhibit Index                                                                         24
</TABLE>

                                       2
<PAGE>

PART I.  FINANCIAL INFORMATION
Item 1.  Financial Statements
                         SPEEDCOM WIRELESS CORPORATION
                                BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                   June 30,         December 31,
                                                                                     2001               2000
                                                                              -----------------------------------
                                                                              -----------------------------------
Assets                                                                            (unaudited)
<S>                                                                           <C>                 <C>
Current assets:
   Cash                                                                       $         89,256    $       227,066
   Accounts receivable, net of allowances of $456,411 and $296,330 in 2001
     and 2000, respectively                                                          2,403,788          1,788,206
   Leases receivable                                                                   722,166             43,389
   Inventories, net                                                                  1,323,078          2,388,283
   Prepaid expenses and other current assets                                           688,685            732,753
   Net assets held for sale                                                             38,966                 --
                                                                              -----------------------------------
Total current assets                                                                 5,265,939          5,179,697

Accounts receivable                                                                         --            586,578
Property and equipment, net                                                          1,124,173            956,133
Leases receivable                                                                      869,602             36,157
Other assets, net                                                                      168,080            158,405
Investments                                                                             89,370             76,994
Intellectual property                                                                1,239,988                 --
                                                                              -----------------------------------
Total assets                                                                  $      8,757,152    $     6,993,964
                                                                              ===================================
Liabilities, redeemable preferred stock and stockholders' equity
Current liabilities:
   Accounts payable                                                           $      1,574,844    $     2,673,570
   Accrued expenses                                                                    942,663            700,815
   Current portion of loans from stockholders                                        2,592,564            336,780
   Current portion of deferred revenue                                                  89,580             90,047
   Current portion of notes and capital leases payable                                 119,604             52,901
                                                                              -----------------------------------
Total current liabilities                                                            5,319,255          3,854,113

Loans from stockholders, net of current portion                                             --            203,733
Deferred revenue, net of current portion                                                27,492             50,141
Notes and capital leases payable, net of current portion                                30,992             57,294
Common stock to be issued                                                               96,000                 --
                                                                              -----------------------------------
Total liabilities                                                                    5,473,739          4,165,281

Redeemable preferred stock, 10,000,000 shares authorized, 955,146 and 0                922,231                 --
   shares issued and outstanding in 2001 and 2000, respectively

Stockholders' equity:
   Common stock, $.001 par value, 30,000,000 shares authorized,
    9,533,113 and 9,289,529 shares issued and outstanding in 2001 and
    2000, respectively                                                                   9,533              9,289
   Additional paid-in capital                                                       11,539,384          7,889,817
   Accumulated deficit                                                              (9,187,735)        (4,995,423)
   Notes receivable - related party                                                         --            (75,000)
                                                                              -----------------------------------
Total stockholders' equity                                                           2,361,182          2,828,683
                                                                              -----------------------------------
Total liabilities, redeemable preferred stock and stockholders' equity        $      8,757,152    $     6,993,964
                                                                              ===================================
See accompanying notes.
</TABLE>

                                       3
<PAGE>

                         SPEEDCOM WIRELESS CORPORATION
                           STATEMENTS OF OPERATIONS
                                  (unaudited)

<TABLE>
<CAPTION>
                                                        Three months ended June 30,      Six months ended June 30,
                                                            2001            2000            2001            2000
                                                        ----------------------------    ----------------------------
<S>                                                     <C>             <C>             <C>             <C>
Net revenues                                            $  4,035,298    $  2,154,383    $  8,052,573    $  4,000,982

Operating costs and expenses:
   Cost of goods and services                              2,348,202       1,238,973       4,582,693       2,083,178
   Salaries and related                                    1,695,971         888,842       3,011,377       1,571,716
   General and administrative                              1,224,808         248,763       2,075,790         600,543
   Selling expenses                                          431,356         242,375         950,078         375,037
   Provision for bad debt                                    185,400          24,478         187,074          24,478
   Depreciation and amortization                             152,197          15,000         259,397          30,000

                                                        ----------------------------    ----------------------------
                                                           6,037,934       2,658,431      11,066,409       4,684,952
                                                        ----------------------------    ----------------------------

Loss from operations                                      (2,002,636)       (504,048)     (3,013,836)       (683,970)

Other (expense) income:
   Interest expense, net                                    (677,156)         (6,733)       (837,922)         (8,209)
   Other income, net                                           3,406          10,257           5,819          13,479
                                                        ----------------------------    ----------------------------
                                                            (673,750)          3,524        (832,103)          5,270
Net loss before extraordinary items                       (2,676,386)       (500,524)     (3,845,939)       (678,700)

Extraordinary loss from early                               (346,373)             --        (346,373)             --
   extinguishment of debt
                                                        ----------------------------    ----------------------------

Net loss                                                $ (3,022,759)   $   (500,524)   $ (4,192,312)   $   (678,700)
                                                        ============================    ============================

Net loss before extraordinary items
    per common share:
   Basic and diluted                                    $      (0.28)   $       (.06)   $      (0.41)   $      (0.09)
                                                        ============================    ============================

Net loss per common share:
   Basic and diluted                                    $      (0.32)   $       (.06)   $      (0.44)   $      (0.09)
                                                        ============================    ============================

Shares used in computing basic and
   diluted net loss before
   extraordinary items per common
   share and net loss per common share                     9,497,426       7,977,218       9,450,350       7,820,841
                                                        ============================    ============================
</TABLE>

See accompanying notes

                                       4
<PAGE>

                         SPEEDCOM WIRELESS CORPORATION
                           STATEMENTS OF CASH FLOWS
                                  (unaudited)

<TABLE>
<CAPTION>
                                                                   Six Months Ended June 30,
                                                                      2001            2000
                                                                  ----------------------------
<S>                                                               <C>             <C>
Operating activities
Net loss                                                          $ (4,192,312)   $   (678,700)
Adjustments to reconcile net loss to net cash used in operating
   activities:
     Depreciation and amortization                                     259,397          30,000
     Provision for bad debt                                            187,074          24,478
     Provision for inventory obsolescence                               14,768          11,000
     Common stock issued for services                                  206,450           5,000
     Amortization of original issue discount                           405,856              --
     Extraordinary charge for early extinguishment of debt             283,556              --
     Changes in operating assets and liabilities:
         Restricted cash                                                    --          35,671
         Accounts receivable                                        (1,617,297)       (487,148)
         Leases receivable                                            (179,222)             --
         Inventories                                                 1,016,394        (534,184)
         Prepaid expenses and other current assets                     134,739        (154,140)
         Intellectual property                                        (360,000)             --
         Other assets                                                  (22,051)         (3,229)
         Accounts payable and accrued expenses                        (165,641)        331,870
         Deferred revenue                                              (23,116)        (22,865)
                                                                  ----------------------------
Net cash used in operating activities                               (4,051,405)     (1,442,247)

Investing activities
Purchases of equipment                                                (401,962)       (478,470)
                                                                  ----------------------------
Net cash used in investing activities                                 (401,962)       (478,470)

Financing activities
Net payments from factor                                                    --        (111,731)
Net proceeds from sale of common stock and warrants                      3,731       2,476,350
Proceeds from loans from stockholders                                6,560,000         (45,639)
Proceeds from issuance of notes and capital leases                      12,206          40,000
Payments of loans from stockholders, notes and capital leases       (2,260,380)       (218,291)
Purchase of treasury stock                                                  --        (223,510)
                                                                  ----------------------------
Net cash provided by financing activities                            4,315,557       1,917,179
                                                                  ----------------------------

Net decrease in cash                                                  (137,810)         (3,538)
Cash at beginning of period                                            227,066         108,564
                                                                  ----------------------------
Cash at end of period                                             $     89,256    $    105,026
                                                                  ============================
</TABLE>

See accompanying notes.

                                       5
<PAGE>

                         SPEEDCOM WIRELESS CORPORATION
                     STATEMENTS OF CASH FLOWS (CONTINUED)
                                  (unaudited)

<TABLE>
<CAPTION>
                                                                    Six Months Ended June 30,
                                                                       2001             2000
                                                                    --------------------------
<S>                                                                 <C>               <C>
Supplemental disclosure of noncash activities

Conversion of accounts receivable to lease receivable               $1,333,000              --
Conversion of accounts payable to notes payable                     $  558,442              --
Conversion of accounts payable to redeemable preferred stock        $   25,000              --
Common stock issued for services                                    $  206,450        $  5,000
Common stock issued for note                                                --        $ 95,000
Common stock issued for intellectual property                       $  972,500              --
Conversion of debt to common stock                                  $   40,000              --
Conversion of debt to redeemable preferred stock                    $1,473,305
</TABLE>

See accompanying notes.

                                       6
<PAGE>

                          SPEEDCOM WIRELESS CORPORATION
                          NOTES TO FINANCIAL STATEMENTS
                                   (unaudited)

1.  Business

SPEEDCOM Wireless Corporation (SPEEDCOM or the Company) was incorporated in
Florida on March 16, 1994 and reincorporated in Delaware on September 26, 2000.
The Company manufactures and installs custom broadband wireless networking
equipment for business and residential customers internationally. Through its
Wave Wireless Networking division, the Company manufactures a variety of
broadband wireless products, including the SPEEDLAN family of wireless Ethernet
bridges and routers. Internet service providers, Telco operators and private
organizations in over 60 countries use SPEEDCOM products to provide "last-mile"
wireless connectivity between multiple buildings at speeds up to 155 Mbps and
distances up to 25 miles. SPEEDCOM Wireless Corporation is an ISO 9001
registered company.

2.  Basis of Presentation

On September 26, 2000, SPEEDCOM Wireless International Corporation merged with
LTI Holdings, Inc. (LTI). The parties renamed the combined company SPEEDCOM
Wireless Corporation and continued the business of SPEEDCOM Wireless
International Corporation (Old SPEEDCOM).

Since LTI was a non-operating shell company, the merger was treated as a
recapitalization of the Company for accounting purposes. As a result, the
Company recorded the transaction as the issuance of common stock for the net
monetary assets of LTI (principally cash), accompanied by a recapitalization of
equity. The Company recorded a net increase in equity of $1,215,937, which
represented the total net assets of LTI. The Company has recorded the
transaction to reflect the shares outstanding under the current structure. There
has been no change in the basis under which the assets and liabilities of the
Company are recorded. Accordingly, except as specifically noted to the contrary,
(1) the financial information herein that predates the merger consists of
information about Old SPEEDCOM, and (2) all references to SPEEDCOM or the
Company refer to Old SPEEDCOM before the merger and to the combined company
after the merger. All shares, options and warrants issued by SPEEDCOM prior to
the merger have been retroactively restated for all periods presented.

The accompanying financial statements have been prepared pursuant to the rules
and regulations of the Securities and Exchange Commission (SEC). Certain
information and footnote disclosures normally included in annual financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted pursuant to those rules and regulations. The
accompanying financial statements should be read in conjunction with the
Company's annual financial statements and notes thereto included in the
Company's Form 10-KSB.

                                       7
<PAGE>

In the opinion of management, the financial statements reflect all adjustments
(consisting of only normal and recurring adjustments) necessary to present
fairly the financial position, results of operations and cash flows for those
periods presented. Operating results for the six months ended June 30, 2001 are
not necessarily indicative of the results that may be expected for the year
ended December 31, 2001.

3.  Inventories

A summary of inventories at June 30, 2001 and December 31, 2000 is as follows:

                                                 2001              2000
                                             ------------------------------
                                               (unaudited)
       Component parts                       $     768,488     $  1,156,966
       Completed assemblies                        554,590        1,231,317
                                             ------------------------------
                                             $   1,323,078     $  2,388,283
                                             ==============================

4.  Net Assets Held for Sale

A summary of net assets that were held for sale by the Company as of June 30,
2001 is as follows:

                                                                  2001
                                                               -----------
                                                               (unaudited)
       Cash                                                    $    4,749
       Accounts receivable, net of allowances of $5,857            68,218
       Inventories, net                                            34,043
       Prepaid expenses and other current assets                    5,329
       Property and equipment, net                                 62,288
       Accounts payable                                           (26,340)
       Accrued expenses                                           (81,454)
       Notes and capital leases payable                           (27,867)
                                                               -----------
       Net assets held for sale                                $   38,966
                                                               ===========

The net assets listed above represent the property of the InstallGuys division
of SPEEDCOM. SPEEDCOM does not expect to incur a loss on the sale of these
assets.

                                       8
<PAGE>

5.  Property and Equipment

A summary of property and equipment at June 30, 2001 and December 31, 2000 is as
follows:

                                                          2001        2000
                                                      ------------------------
                                                      (unaudited)
     Computer and office equipment                    $ 1,106,120  $   822,006
     Automobiles                                           26,063       51,737
     Leasehold improvements                                98,665       86,207
     Furniture and fixtures                               138,617      135,415
     Store and warehouse                                   82,568      101,719
     Construction in progress                              82,337       49,244
                                                      ------------------------
                                                        1,534,370    1,246,328
     Less accumulated depreciation and amortization      (410,197)    (290,195)
                                                      -------------------------
                                                      -------------------------
                                                      $ 1,124,173  $   956,133
                                                      =========================

Property and equipment included computer and office equipment of $67,797 at June
30, 2001 and December 31, 2000 acquired under capital lease arrangements.
Depreciation expense amounted to $166,885 and $30,000 for the six months ended
June 30, 2001 and 2000, respectively. Depreciation expense amounted to $92,185
and $15,000 for the three months ended June 30, 2001 and 2000, respectively.
Amortization of assets under capital lease arrangements is included in
depreciation expense.

6.  Accrued Expenses

A summary of accrued expenses at June 30, 2001 and December 31, 2000 is as
follows:

                                                          2001         2000
                                                      ------------------------
                                                        (unaudited)
     Accrued payroll                                  $   343,430  $  287,252
     Accrued commissions                                  115,321     109,052
     Other                                                483,912     304,511
                                                      -----------------------
                                                      $   942,663  $  700,815
                                                      =======================

7.  Loans from Stockholders

SPEEDCOM issued a $250,000 promissory note to the Company's President in
December 2000. The note bears an interest rate of the greater of 12% or DLJ's
standard margin rate plus 1.5%. The note is payable in December 2001 or at the
closing of an equity offering by the Company of at least $5,000,000, whichever
is earlier. The Company concurrently granted a total of 25,000 warrants with a
$3.60 strike price in connection with this note. The proportionate fair value of
the warrants amounted to $62,500 and has been recorded as an addition to paid-in
capital and as an original issue discount reducing the carrying value of the
note. The discount is being amortized to interest expense over the remaining
life of the note. The balance of the note at June 30, 2001 amounted to $222,774.

                                       9
<PAGE>

The Company issued a $252,000 non-interest bearing promissory note in December
2000, with beneficial conversion features. The note is due in December 2001,
payable in cash or 70,000 shares of common stock, at the holder's option. The
70,000 shares were worth $115,500 more than the face value of the note based on
the per-share value at the date of the note. This amount has been recorded as an
addition to paid-in capital and as an original issue discount reducing the
carrying value of the note. The discount is being amortized to interest expense
over the remaining life of the note. The balance of the note at June 30, 2001
amounted to $197,571.

In December 2000, the Company issued a $200,000 non-interest bearing promissory
note, with beneficial conversion features. The note was due in January 2002,
payable in cash or 50,000 shares of common stock, at the holder's option. The
50,000 shares were worth $37,500 more than the face value of the note based on
the per-share value at the date of the note. This amount has been recorded as an
addition to paid-in capital and as an original issue discount reducing the
carrying value of the note. The discount was being amortized to interest expense
over the life of the note. On June 29, 2001, this loan, along with a $25,000
trade payable, was converted to 100,000 shares of preferred stock at $2.25 per
share, 75,000 Series A Warrants and 100,000 Series B Warrants. The Series A
Warrants were valued at $90,000 based on the proportionate fair value of the
warrants at the date of the conversion. The Series B Warrants vest contingent
upon certain performance factors. The unamortized portion of the original issue
discount on the promissory note is recorded to interest expense.

Also in December 2000, the Company issued a $10,800 non-interest bearing
promissory note with beneficial conversion features. The note is due in December
2001, payable in cash or 3,000 shares of common stock, at the holder's option.
The 3,000 shares were worth $4,950 more than the face value of the note based on
the per-share value at the date of the note. This amount has been recorded as an
addition to paid-in capital and as an original issue discount reducing the
carrying value of the note. The discount is being amortized to interest expense
over the remaining life of the note. The balance of the note at June 30, 2001
amounted to $8,469.

During January 2000, the Company issued a 10% convertible subordinated
promissory note for $40,000, due for payment in January 2003. The note was
convertible into 10,000 shares of common stock at any time during its term. The
note was subordinate to all other debt instruments. The $40,000 note and accrued
interest was converted in January 2001.

In April 2001, SPEEDCOM borrowed $3,000,000 from an institutional investor. The
loan is due in April 2002 and bears interest at 9% for the first 90 days and 12%
thereafter. As part of the transaction, SPEEDCOM issued warrants to acquire
333,333 shares of SPEEDCOM common stock at $5.00 per share. The 333,333 warrants
were worth $930,000 more than the face value of the note based on the per-share
value at the date of the note. This amount has been recorded as an addition to
paid-in capital and as an original issue discount reducing the carrying value of
the note. The discount is being amortized to interest expense over the remaining
life of the note. Additional warrants are issuable contingent upon the date on
which the loan is repaid. All outstanding warrants contain a put feature which
allows the holder to receive cash and property equal to the net value of the
warrant upon the occurrence of a Triggering Event as defined in the agreement,
which is generally a sale, merger or reorganization of the company. The holder
of the

                                       10
<PAGE>

loan has certain rights of first refusal on subsequent financings. Interest is
due under the loan in quarterly installments with principal payable in total at
the maturity date of the loan. On June 29, 2001, $1,000,000 of this loan was
converted to 497,812 shares of preferred stock at $2.25 per share, 373,359
Series A Warrants and 497,812 Series B Warrants. The Series A Warrants were
valued at $448,030 based on the proportionate fair value of the warrants at the
date of the conversion. The Series B Warrants vest contingent upon certain
performance factors. The balance of the remaining note at June 30, 2001 amounted
to $1,505,722.

SPEEDCOM issued a $40,000 promissory note to the Company's Vice President of
Sales in May 2001. The note bears an interest rate of 9%. The note is payable in
August 2001.

In June 2001, SPEEDCOM issued a $250,000 promissory note to the Company's
President. The note bears an interest rate of 10% and is payable in April 2002.
The Company concurrently granted a total of 73,333 warrants with a $3.25 strike
price in connection with this note. The proportionate fair value of the warrants
amounted to $92,500 and has been recorded as an addition to paid-in capital and
as an original issue discount reducing the carrying value of the note. On June
29, 2001, this loan was converted to 111,667 shares of preferred stock at $2.25
per share, 83,751 Series A Warrants and 111,667 Series B Warrants. The Series A
Warrants were valued at $100,500 based on the proportionate fair value of the
warrants at the date of the conversion. The Series B Warrants vest contingent
upon certain performance factors. The unamortized portion of the original issue
discount on the promissory note is recorded as an extraordinary loss from the
early extinguishment of debt.

In June 2001, SPEEDCOM borrowed $1,500,000 from three institutional investors.
The loan bears an interest rate of 10% and is payable in April 2002. The Company
concurrently granted a total of 440,000 warrants with a $3.25 strike price in
connection with this loan. The proportionate fair value of the warrants amounted
to $555,000 and has been recorded as an addition to paid-in capital and as an
original issue discount reducing the carrying value of the loan. On June 29,
2001, $550,000 of this loan was converted to 245,667 shares of preferred stock
at $2.25 per share, 184,251 Series A Warrants and 245,667 Series B Warrants. The
Series A Warrants were valued at $221,100 based on the proportionate fair value
of the warrants at the date of the conversion. The Series B Warrants vest
contingent upon certain performance factors. The balance of the remaining note
at June 30, 2001 amounted to $618,028. The unamortized portion of the original
issue discount related to the converted portion of this loan is recorded as an
extraordinary loss from the early extinguishment of debt.

                                       11
<PAGE>

8.  Notes and Capital Leases Payable

A summary of notes and capital leases payable at June 30, 2001 and December 31,
2000 is as follows:

<TABLE>
<CAPTION>
                                                                                         2001             2000
                                                                                      ---------------------------
                                                                                      (unaudited)
       <S>                                                                            <C>                <C>
       10.5% bank note payable in monthly installments through                         $ 39,937          $ 46,631
           June 2003, secured by equipment and inventories
       8%-16.8% automobile loans payable in monthly                                       7,269            29,460
           installments through January 2003, secured by equipment
       Capital lease obligations                                                         23,390            34,104
       5% trade note payable in monthly installments through                             80,000                --
           August 2001
                                                                                      ---------------------------
                                                                                        150,596           110,195
       Less current portion                                                            (119,604)          (52,901)
                                                                                      ---------------------------
                                                                                      $  30,992         $  57,294
                                                                                      ===========================
</TABLE>

9.  Redeemable Preferred Stock

On June 29, 2001, SPEEDCOM converted $2,025,000 of loans and trade payables to
955,146 shares of preferred stock at $2.25 per share. This preferred stock is
only redeemable upon the occurrence of a Triggering Event as defined in the
agreement, which is generally a sale, merger or reorganization of the Company,
failure of the Company to maintain an effective Registration Statement related
to the redeemable preferred stock or failure to have the Company's common stock
listed on certain exchanges.

10. Shareholder's Equity

In January 2001, SPEEDCOM acquired worldwide rights to PacketHop(TM), a
revolutionary wireless routing software developed by SRI International (SRI).
PacketHop(TM) overcomes the traditional need for a direct line of sight between
a base station and an end user's location. Under the terms of the agreement,
SPEEDCOM obtains worldwide rights to SRI's PacketHop(TM) technology in the fixed
wireless infrastructure market for the primary frequencies below 6 GHz. SRI
International is entitled to receive a total of 325,000 shares of common stock
of SPEEDCOM to be issued in four traunches. The first traunch was granted in
January for 100,000 shares at $6.50 per share. The second traunch was granted in
April for 75,000 shares at $4.30 per share. As of June 30, 2001, the value of
these shares at the date of grant were included in Intellectual Property in the
balance sheet. The third traunch was granted in July for 75,000 shares at $2.36
per share. The remaining traunch is based on certain performance criteria and
has not been recorded. SPEEDCOM also has paid $360,000 in cash, included in
Intellectual Property in the balance sheet, which is being amortized over six
years (the term of the agreement barring default). For the three and six months
ended June 30, 2001, $60,012 and $92,512 has been amortized of the Intellectual
Property, respectively.

                                       12
<PAGE>

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations

The discussion in this document contains trend analysis and other
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended that involve risks and uncertainties, such as statements concerning
growth and future operating results; developments in markets and strategic
focus; new products and services and product technologies and future economic,
business and regulatory conditions. Such forward-looking statements are
generally accompanied by the words such as "plan", "estimate", "expect",
"believe", "should", "would", "could", "anticipate", "may" and other words that
convey uncertainty of future events or outcomes. These forward-looking
statements and other statements made elsewhere in this report are made in
reliance on the Private Securities Litigation Reform Act of 1995. The section
below entitled "Certain Factors That May Affect Future Results, Financial
Condition and Market Price of Securities" sets forth factors that could cause
actual results to differ materially from these statements.

Overview

SPEEDCOM is a multi-national company based in Sarasota, Florida. The Company
employs approximately 105 people. Through its Wave Wireless Networking division,
SPEEDCOM manufactures a variety of broadband wireless products, including its
SPEEDLAN family of wireless Ethernet bridges and routers. Internet service
providers, Telco operators and private organizations in more than 60 countries
use SPEEDCOM products to provide "last-mile" wireless connectivity between
multiple buildings at speeds up to 155 Mbps and distances up to 25 miles.




                                       13
<PAGE>

Results of Operations

The following table sets forth the percentage of net revenues represented by
certain items in the Company's Statements of Operations for the periods
indicated.

<TABLE>
<CAPTION>
                                               Three Months Ended June 30,          Six Months Ended June 30,
                                                  2001            2000                 2001           2000
                                         ----------------------------------------------------------------------
<S>                                                <C>         <C>                   <C>             <C>
Net revenues                                        100%          100%                  100%           100%

Operating costs and expenses:
   Cost of goods and services                        58%           57%                   57%            52%
   Salaries and related                              42%           41%                   38%            39%
   General and administrative                        30%           12%                   26%            15%
   Selling expenses                                  11%           11%                   12%             9%
   Provision for bad debt                             4%            1%                    2%             1%
   Depreciation and amortization                      4%            1%                    3%             1%

                                         ----------------------------------------------------------------------
                                                    149%          123%                  138%           117%
                                         ----------------------------------------------------------------------

Loss from operations                                (49)%         (23)%                 (38)%          (17)%

Other (expense) income:
   Interest expense, net                            (17)%           0%                  (10)%            0%
   Other income, net                                  0%            0%                    0%             0%
                                         ----------------------------------------------------------------------
                                                    (17)%           0%                  (10)%            0%
Net loss before                                     (66)%         (23)%                 (48)%          (17)%
extraordinary
   items

Extraordinary loss from early                        (9)%          --                    (4)%           --
   extinguishment of debt
                                         ----------------------------------------------------------------------
Net loss                                            (75)%         (23)%                 (52)%          (17)%
                                         ======================================================================
</TABLE>

Six Months Ended June 30, 2001 and June 30, 2000

Net revenues increased 101% from approximately $4,001,000 in the six months
ended June 30, 2000 to approximately $8,053,000 in the six months ended June 30,
2001. This increase was due to SPEEDCOM executing its business plan of expanding
the business in a growing market for broadband wireless in 2001. Cost of goods
and services increased 120% from approximately $2,083,000 for the six months
ended June 30, 2000 to approximately $4,583,000 for the six months ended June
30, 2001, due primarily to increases in the Company's revenues and certain
purchasing inefficiencies due to lower cash balances associated with delays in
completing financings for the Company.

                                       14
<PAGE>

Salaries and related, general and administrative and selling expenses increased
by 137% from approximately $2,547,000 for the six months ended June 30, 2000 to
approximately $6,037,000 for the six months ended June 30, 2001. This increase
was primarily due to an increase in employee headcount, spending on investor
relations, increased spending on marketing and promotion, such as attendance at
industry trade shows, severance and other one-time expenses, as described below,
and engineering related to the PacketHop(TM) product. Additionally, SPEEDCOM
incurred substantially higher professional fees for legal and accounting
services due to the fact that the Company was a public entity in the first and
second quarters of 2001 and a private entity in the first and second quarter of
2000 and because of the debt financings completed by the Company in the first
half of 2001. As discussed above, SPEEDCOM incurred one-time charges in the
first half of 2001 related to severance of approximately $20,000, one-time
charges related to the termination of an investor relations contract of
approximately $214,000 and one-time investment banking charges of approximately
$306,000. Excluding such charges, total salaries and related, general and
administrative and selling expenses would have been approximately $5,497,000 for
the six months ended June 30, 2001.

Net interest expense increased from approximately $8,000 for the six months
ended June 30, 2000 to approximately $838,000 for the six months ended June 30,
2001. This increase was due to the addition of notes payable and loans from
stockholders during the fourth quarter of 2000 and the first and second quarters
of 2001.

Net loss increased 518% from approximately $679,000, or $.09 per share, in the
six months ended June 30, 2000 to approximately $4,192,000, or $.44 per share,
in the six months ended June 30, 2001, as a result of the foregoing factors.

Three Months Ended June 30, 2001 and June 30, 2000

Net revenues increased 87% from approximately $2,154,000 in the three months
ended June 30, 2000 to approximately $4,035,000 in the three months ended June
30, 2001. This increase was due to SPEEDCOM executing its business plan of
expanding the business in a growing market for broadband wireless in 2001. Cost
of goods and services increased 90% from approximately $1,239,000 for the three
months ended June 30, 2000 to approximately $2,348,000 for the three months
ended June 30, 2001, due primarily to increases in the Company's revenues and
certain purchasing inefficiencies due to lower cash balances associated with
delays in completing financings for the Company.

Salaries and related, general and administrative and selling expenses increased
by 143% from approximately $1,380,000 for the three months ended June 30, 2000
to approximately $3,352,000 for the three months ended June 30, 2001. This
increase was primarily due to an increase in employee headcount, spending on
investor relations, increased spending on marketing and promotion, such as
attendance at industry trade shows, severance and other one-time expenses, as
described below, and engineering related to the PacketHop(TM) product.
Additionally, SPEEDCOM incurred substantially higher professional fees for legal
and accounting services due to the fact that the Company was a public entity in
the second quarters of 2001 and a private entity in the second quarter of 2000
and because of the debt financings completed by the

                                       15
<PAGE>

Company in the second quarter of 2001. As discussed above, SPEEDCOM incurred
one-time charges in the second quarter of 2001 related to severance of
approximately $20,000, one-time charges related to the termination of an
investor relations contract of approximately $214,000 and one-time investment
banking charges of approximately $156,000. Excluding such charges, total
salaries and related, general and administrative and selling expenses would have
been approximately $2,962,000 for the three months ended June 30, 2001.

Net interest expense increased from approximately $7,000 for the three months
ended June 30, 2000 to approximately $677,000 for the three months ended June
30, 2001. This increase was due to the addition of notes payable and loans from
stockholders during the fourth quarter of 2000 and the first and second quarters
of 2001.

Net loss increased 504% from approximately $501,000, or $.06 per share, in the
three months ended June 30, 2000 to approximately $3,023,000, or $.32 per share,
in the three months ended June 30, 2001, as a result of the foregoing factors.

Taxes

At June 30, 2001, SPEEDCOM had net operating loss carryforwards (NOLs) for
federal income tax purposes of approximately $4,400,000. The NOLs expire at
various dates through the year 2020.

Liquidity and Capital Resources

During the six months ended June 30, 2001, SPEEDCOM used approximately
$4,051,000 of cash for its operating activities. This was primarily due to
increases in accounts receivable (due to increases in sales) and the net loss
for the period. SPEEDCOM purchased approximately $402,000 of fixed assets during
the six months ending June 30, 2001 as compared to approximately $478,000 during
the same period in 2000. To fund this growth in assets and sales, SPEEDCOM
raised approximately $4,316,000 through the issuance of promissory notes and
loans from stockholders.

During the six months ended June 30, 2000 SPEEDCOM used approximately $1,442,000
for its operating activities. This was primarily due to increases in accounts
receivable and inventory and its net loss for the period. SPEEDCOM's cash flow
used for financing activities increased due to the receipt of approximately
$2,476,000 from the sale of its common stock during the first six months of
2000.

The Company believes that current resources are sufficient to maintain its
business for 2001. However, the Company will seek additional capital to continue
growing its business and to take advantage of opportunities that may arise. This
additional capital could come from the sale of common or preferred stock, the
exercise of outstanding warrants, or from borrowings. Any material acquisitions
of complementary businesses, products or technologies could also require
additional equity or debt financing. There can be no assurance that such
financing will be available on acceptable terms, if at all.

                                       16
<PAGE>

Certain Factors That May Affect Future Results, Financial Condition and Market
Price of Securities

The Company has a need for financing.

In order to take advantage of possible opportunities in 2001 and to execute its
business plan for 2002, the Company may need to raise additional financial
capital. If the Company is unsuccessful in raising that capital, it could have a
material adverse effect on the business.

The Company has development risks.

The Company is developing a series of next generation products, which
incorporates the PacketHop(TM) licensed technology from SRI. Delays in
developing these products could have a material adverse effect on the future
competitiveness of the Company.

The market for fixed wireless broadband products and services is at an early
stage of development.

The fixed wireless broadband market is at an early stage of development and is
rapidly evolving. As is typical for a new and rapidly evolving industry, demand
and market acceptance for recently introduced wireless networking products and
services are subject to a high level of uncertainty. Market acceptance of
particular products cannot be predicted; however, it is likely that new products
will not be generally accepted unless they operate at higher speeds and are sold
at lower prices. While the number of businesses recognizing the value of
wireless solutions is increasing, it is not known whether this market will
continue to develop such that sufficient demand for the Company's products will
emerge and become sustainable. Prospects must be evaluated due to the risks
encountered by a company in the early stages of marketing new products or
services, particularly in light of the uncertainties relating to the new and
evolving markets in which the Company operates. There can be no assurance that
the Company will succeed in addressing any or all of these risks, and the
failure to do so would have a material adverse effect on SPEEDCOM's business,
financial condition and operating results.

There is intense competition in the fixed wireless broadband market.

The market for the Company's products is very competitive, and it is expected
that competition will increase in the future, both with respect to current
products and future products, which SPEEDCOM may develop. Within the wireless
industry, business is intensely competitive and is characterized by rapid
technological change, frequent introduction of new products and evolving
industry standards. Increased competition could adversely affect the Company's
revenues and profitability through pricing pressure, loss of market share and
other factors. Management believes that the principal competitive factors in the
fixed wireless broadband market include:

     . expertise and familiarity with 2.4 GHz spread spectrum technology,
         wireless data communication protocols and broadband technology;

                                       17
<PAGE>

     . product performance, features, functionality and reliability;
     . price/performance characteristics;
     . timeliness of new product introductions;
     . adoption of emerging industry standards;
     . customer service and support;
     . size and scope of distribution network; and
     . brand name.

While the Company believes that it is competitive in these regards, there can be
no assurance that it will be able to successfully compete as to these or other
factors or that competitive pressures that the Company faces will not materially
and adversely affect its business and operating results. The Company also cannot
assure that these will continue to be competitive factors in the fixed wireless
broadband market and, if not, whether the Company will be able to successively
identify future competitive factors or be successful competing as to those
factors. Within the fixed wireless broadband industry, the primary competitors
are Agere Systems, Aironet (part of Cisco Systems) and BreezeCOM. The Company
also experiences competition from a number of smaller companies that provide
wireless data communication products, and it may encounter future competition
from other companies, both that have and have not announced their intentions to
offer competitive products and solutions. In addition, the Company could
encounter future competition from larger wireless, computer and networking
equipment companies. The Company could also encounter additional future
competition from companies that offer products that replace or are alternatives
to radio frequency wireless solutions including, for example, products based on
infra-red technology or laser technology and systems that utilize existing
telephone wires (such as DSL) or cables within a building as a wired network
backbone or satellite systems outside of buildings.

Many of SPEEDCOM's current and potential competitors have significantly greater
financial, marketing, technical and other resources and, as a result, may be
able to respond more quickly to new or emerging technologies or standards and to
changes in customer requirements, or to devote greater resources to the
development, promotion and sale of products or to deliver competitive products
at a lower end user price. Current and potential competitors have established or
may establish cooperative relationships among themselves or with third parties
to increase the ability of their products to address the needs of SPEEDCOM's
existing and prospective customers. Accordingly, it is possible that new
competitors or alliances among competitors may emerge and rapidly acquire
significant market share. Increased competition could result in price
reductions, reduced operating margins and loss of market share, any of which
could have a material adverse effect on SPEEDCOM's business and operating
results.

SPEEDCOM's reliance on limited sources of wireless and computer components could
adversely affect its business.

Many of the key hardware and software components necessary for the assembly of
the Company's products are only available from a single supplier or from a
limited number of suppliers. The Company has experienced delays and shortages in
the supply of components in the past and could experience delays and shortages
in the future. The Company generally does

                                       18
<PAGE>

not maintain a significant inventory of components and does not have long-term
supply contracts with its suppliers. The Company's reliance on sole or limited
source suppliers involves several risks, including:

     . suppliers could increase component prices significantly, without notice
         and with immediate effect;
     . suppliers could discontinue the manufacture or supply of components or
         delay delivery of components used in products for reasons such as
         inventory shortages, new product offerings, increased cost of
         materials, destruction of manufacturing facilities, labor disputes and
         bankruptcy; and
     . in order to compensate for potential component shortages or
         discontinuance, the Company may in the future hold more inventory than
         is immediately required, resulting in increased inventory costs. If the
         Company's suppliers are unable to deliver or ration components to it,
         the Company could experience interruptions and delays in manufacturing
         and sales, which could result in cancellation of orders for products or
         the need to modify products.

This may cause substantial delays in product shipments, increased manufacturing
costs and increased product prices. Further, the Company may not be able to
develop alternative sources for these components in a timely way, if at all, and
may not be able to modify its products to accommodate alternative components.
These factors could damage the relationships with current and prospective
customers lasting longer than any underlying shortage or discontinuance. Any of
these risks, if realized, could materially and adversely affect the Company's
business, operating results and financial condition.

Expanding distribution channels might adversely affect business.

To increase revenues, the Company believes that it must increase the number of
its distribution partners. Management's strategy includes an effort to reach a
greater number of end users through indirect channels. SPEEDCOM is currently
investing, and plans to continue to invest, significant resources to develop
these indirect channels. This could adversely affect the Company's operating
results if these efforts do not generate the revenues necessary to offset such
investments. The Company will be dependent upon the acceptance of its products
by distributors and their active marketing and sales efforts relating to its
products. The distributors to whom the Company sells products are independent
and are not obligated to deal with the Company exclusively or to purchase any
specified amount of products. Because SPEEDCOM does not generally fulfill orders
by end users of its products sold through distributors, the Company will be
dependent upon the ability of distributors to accurately forecast demand and
maintain appropriate levels of inventory. Management expects that the Company's
distributors will also sell competing products. These distributors may not
continue, or may not give a high priority to, marketing and supporting the
Company's products. This and other channel conflicts could result in diminished
sales through the indirect channels and adversely affect operating results.
Additionally, because lower prices are typically charged on sales made through
indirect channels, increased indirect sales could adversely affect the average
selling prices and result in lower gross margins.

                                       19
<PAGE>

The Company may not be able to manage its growth.

The Company has significantly expanded its operations in recent years, and
anticipates that further expansion will be required to address potential growth
in the customer base and market opportunities. This expansion has placed, and
future expansion is expected to place, a significant strain on the Company's
management, technical, operational, administrative and financial resources. The
Company has recently hired new employees, including a number of key managerial
and operations personnel, who have not yet been fully integrated into its
operations. The current and planned expansion of personnel, systems, procedures
and controls may be inadequate to support future operations. The Company may be
unable to attract, retain, motivate and manage required personnel, including
finance, administrative and operations staff, or to successfully identify,
manage and exploit existing and potential market opportunities because of
inadequate staffing. The Company may also be unable to manage further growth in
its multiple relationships with Original Equipment Manufacturers (OEMs),
distributors and other third parties. If SPEEDCOM is unable to manage growth
effectively, its business, financial condition and results of operations could
be adversely affected.

The Company may face risks associated with international operations and sales.

The Company anticipates that revenues from customers outside North America will
continue to account for a significant portion of its total revenues for the
foreseeable future. Expansion of international operations has required, and will
continue to require, significant management attention and resources. In
addition, the Company remains heavily dependent on distributors to market, sell
and support its products internationally. International operations are subject
to additional risks, including the following:

     . difficulties of staffing and managing foreign operations;
     . longer customer payment cycles and greater difficulties in collecting
         accounts receivable;
     . unexpected changes in regulatory requirements, exchange rates, trading
         policies, tariffs and other barriers;
     . uncertainties of laws and enforcement relating to the protection of
         intellectual property;
     . language barriers;
     . limits on the ability to sue and enforce a judgment for accounts
         receivable;
     . potential adverse tax consequences; and
     . political and economic instability.

Similarly, the Company cannot accurately predict the impact that any future
fluctuations in foreign currency exchange rates may have on its operating
results and financial condition.

Rapid technological change may adversely affect the market acceptance for the
Company's products.

The markets for the Company's products and the technologies utilized in the
industry in which the Company operates evolve rapidly and depend on key
technologies, including wireless LAN, wireless packet data, modem and radio
technologies. These technologies may be replaced with

                                       20
<PAGE>

alternative technologies or may otherwise not achieve market acceptance that the
Company is seeking. In particular, there is a risk that the Company's non line
of sight solution (i.e. PacketHop(TM)) may not achieve market acceptance for use
in application. Major changes could render products and technologies obsolete or
subject to intense competition from alternative products or technologies or by
improvements in existing products or technologies. For example, Internet access
and wireless local loop equipment markets may stop growing, whether as a result
of the development of alternative technologies, such as fiber optic, coaxial
cable, satellite systems or otherwise. Also, new or enhanced products developed
by other companies may be technologically incompatible to SPEEDCOM's products
and render the Company's products obsolete.

The Company has a history of losses, expects future losses and may never achieve
or sustain profitability.

The Company has incurred significant losses since its inception, and expects to
continue to incur net losses through at least the third quarter of 2001. The
Company intends to increase its operating expenses, however revenues may not
grow or even continue at their current level. If revenues do not rapidly
increase or if expenses increase at a greater pace than revenues, the Company
will never become profitable.

The Company's common stock price is volatile.

The Company's stock and the Nasdaq stock market in general have experienced
significant price and volume fluctuations in recent months and the market prices
of technology companies have been highly volatile. In the past, following
periods of volatility in the market price of a company's securities, securities
class action litigation has often been instituted against that company. Such
litigation could result in substantial costs and diversion of management's
attention.

There are limits to the Company's manufacturing capacities and abilities.

SPEEDCOM currently has limited manufacturing capability and has no experience in
large-scale manufacturing. Although the Company has taken, and is taking, steps
to address this risk, including the Company's lease of a to-be-constructed
40,000 square foot facility anticipated to be available in the fourth quarter of
2001, if the Company's customers were to place orders substantially greater than
current levels, SPEEDCOM's present manufacturing capacity could be inadequate to
meet such demand. There can be no assurance that the Company will be able to
develop or contract for additional manufacturing capacity on acceptable terms on
a timely basis.

The Company has a concentrated ownership structure.

A majority of SPEEDCOM's common stock is currently controlled by Michael W.
McKinney and Barbara McKinney (the McKinneys). Therefore, certain corporate
actions, which the Board of Directors may deem advisable for the shareholders of
SPEEDCOM as a whole, may not be

                                       21
<PAGE>

approved by the common shareholders if submitted to a vote, unless the McKinneys
approve the potential transaction.

The Company is subject to extensive and unpredictable government regulation.

The Company is subject to various FCC rules and regulations in the United
States. Current FCC regulations permit license-free operation in certain
FCC-certified bands in the radio spectrum. The Company's spread spectrum
wireless products are intended for unlicensed operation primarily in the
2.4-2.4835 GHz frequency bands. Operation in these frequency bands is governed
by rules set forth in Part 15 of the FCC regulations. The Part 15 rules are
designed to minimize the probability of interference to other users of the
spectrum and, thus, accord Part 15 systems secondary status. In the event that
there is interference between a primary user and a Part 15 user, a higher
priority user can require the Part 15 user to curtail transmissions that create
interference. In this regard, if users of the Company's products experience
excessive interference from primary users, market acceptance of the Company's
products could be adversely affected, thereby materially and adversely affecting
its business and results of operations. The FCC, however, has established
certain standards, which create an irrefutable presumption of noninterference
for Part 15 users and the Company believes that its products comply with these
requirements. The Company's products also will be subject to regulatory
requirements in international markets and, therefore, the Company will need to
monitor the development of spread spectrum regulations in certain countries that
represent potential markets for its products. There can be no assurance that new
regulations will not be promulgated, which could have a material adverse effect
on the Company's business and results of operations, or that existing
regulations outside of the United States would not adversely affect
international marketing of SPEEDCOM's products.

Regulatory changes, including changes in the allocation of available frequency
spectrum, could significantly impact operations by restricting development
efforts, rendering current products obsolete or increasing the opportunity for
additional competition. In September 1993 and in February 1995, the FCC
allocated additional spectrum for personal communications services. In January
1997, the FCC authorized 300 MHz of additional unlicensed frequencies in the 5
GHz frequency range. In 2000, the FCC modified the rules for Frequency Hopping
Spread Spectrum radios to allow greater power utilization in certain
circumstances. These changes in the allocation of available frequency spectrum
could create opportunities for other wireless networking products and services
or shift the competitive balance between SPEEDCOM and its competitors. There can
be no assurance that new regulations will not be promulgated, which could have a
material adverse effect on the Company's business and results of operations.

PART II.   OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Security Holders

The following proposals are described in the Notice and Proxy Statement filed by
SPEEDCOM with the SEC on April 25, 2001:

                                       22
<PAGE>

 .  Proposal 1:  Election of two Directors to the Board

 .  Proposal 2:  Approve the appointment of Ernst & Young LLP as SPEEDCOM's
   independent certified public accountants

 .  Proposal 3:  To approve the SPEEDCOM Wireless Corporation 2000 Equity
   Incentive Plan


 -------------- -------------------- --------------------- --------------------

                        For                Against              Abstained
 -------------- -------------------- --------------------- --------------------
 Proposal 1          6,333,474                  --                50,488
 -------------- -------------------- --------------------- --------------------
 Proposal 2          6,332,314               1,000                50,648
 -------------- -------------------- --------------------- --------------------
 Proposal 3          6,371,133              12,499                   330
 -------------- -------------------- --------------------- --------------------

Item 6.   Exhibits and Reports on Form 8-K

   (a)      Exhibits

              The exhibits in the accompanying Exhibit Index are filed as part
              of this Quarterly Report on Form 10-QSB.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

SPEEDCOM Wireless Corporation

/s/ Michael W. McKinney             Chairman, Chief Executive    August 14, 2001
---------------------------         Officer and Director
Michael W. McKinney

/s/ Jay O. Wright                   Chief Financial Officer      August 14, 2001
---------------------------         and Director
Jay O. Wright

                                       23
<PAGE>

<TABLE>
<CAPTION>
Exhibit Index

Number          Description
<S>               <C>
2.1(1)            Asset Purchase Agreement between Packaging Atlanta Corporation and Laminating Technologies Inc.
                  dated April 26, 1999
2.2               Agreement and Plan of Merger by and between SPEEDCOM Wireless International Corporation and LTI Holdings, Inc.,
                  dated as of August 4, 2000 (included as Appendix A to the proxy statement/prospectus filed as part of Form S-4
                  Registration Statement (File No. 333-43098) and incorporated herein by reference)
3.1               Amended and Restated Certificate of Incorporation (included as Appendix B to the proxy statement/prospectus filed
                  as part of Form S-4 Registration Statement (File No. 333-43098) and incorporated herein by reference)
3.2(4)            Amended and Restated Bylaws
3.3(6)            Amended and Restated Bylaws of SPEEDCOM Wireless Corporation
4.1(2)            Form of Bridge Note
4.2(2)            Form of Warrant Agreement
4.3(2)            Form of Underwriter's Unit Purchase Option
4.4(6)            Purchase Agreement, dated April 13, 2001, by and among SPEEDCOM Wireless Corporation and the Purchasers, as
                  defined therein
4.5(6)            Registration Rights Agreement, dated April 13, 2001, by and among SPEEDCOM Wireless Corporation and the
                  Purchasers, as defined
4.6(6)            Form of Warrant of SPEEDCOM Wireless Corporation, dated April 13, 2001
4.7(7)            Note and Warrant Purchase Agreement by and among SPEEDCOM Wireless Corporation, S.A.C. Capital Associates, LLC,
                  SDS Merchant Fund, L.P., Oscar Private Equity Investments, L.P. and Bruce Sanguinetti
4.8(7)            Promissory Note for $500,000 issued to S.A.C. Capital Associates, LLC
4.9(7)            Promissory Note for $250,000 issued to SDS Merchant Fund, L.P.
4.10(7)           Promissory Note for $750,000 issued to Oscar Private Equity Investments, L.P.
4.11(7)           Promissory Note for $250,000 issued to Bruce Sanguinetti
4.12(7)           Warrant No. W-1 to Purchase 146,667 Shares of Common Stock issued to S.A.C. Capital Associates, LLC
4.13(7)           Warrant No. W-2 to Purchase 73,333 Shares of Common Stock issued to SDS Merchant Fund, L.P.
4.14(7)           Warrant No. W-3 to Purchase 220,000 Shares of Common Stock issued to Oscar Private Equity
                  Investments, L.P.
4.15(7)           Warrant No. W-4 to Purchase 73,333 Shares of Common Stock issued to Bruce Sanguinetti
10.1(3)           Registration Rights Agreement between the registrant and Michael E. Noonan
10.2(2)*          Amended and Restated 1996 Stock Option Plan
10.3(2)*          Form of Indemnification Agreement
10.4(4)*          Executive Employment Agreement between SPEEDCOM Wireless International Corporation and Jay O. Wright
10.5(4)*          Executive Employment Agreement between SPEEDCOM Wireless International Corporation and Bruce
                  Sanguinetti
10.6(4)*          Executive Employment Agreement between SPEEDCOM Wireless International Corporation and Michael McKinney
10.7(4)*          Non-Qualified Stock Option Agreement
10.8(4)*          Non-Qualified Stock Option Plan
16.1(5)           Letter on change of certifying accountant
23.1(5)           Consent of Independent Certified Public Accountants
------------
(1)               Incorporated by reference to the registrant's Definitive Proxy Statement dated May 27, 1999.
(2)               Incorporated by reference to the registrant's Registration Statement on Form SB-2 (File No. 333-6711) filed with
                  the SEC on June 24, 1996 .
(3)               Incorporated by reference to Amendment No. 1 to the registrant's Registration Statement on Form SB-2 (File No.
                  333-6711) filed with the SEC on July 31, 1996.
(4)               Incorporated by reference to the Form 8-K filed October 11, 2000.
(5)               Incorporated by reference to the Form 10-KSB filed April 17, 2001.
(6)               Incorporated by reference to the Form 10-QSB filed May 14, 2001.
(7)               Incorporated by reference to the Form 8-K filed July 2, 2001
</TABLE>

* Management contract or compensatory plan.

                                       24