Douglas K.

Makishima and Parkervision

In November 1999, Fortune published an article titled "The Problem With

ParkerVision WALL STREET ETHICS" noting the involvement of questionable investors,
including Whale Securities and Banco del Gottardo.

Parkervision had no revenue from products for many years, depending on sales of
heavily promoted stock to fund operations, including the period from 1999 to 2001.
A key event for Parkervision was a private placement with Leucadia National and
Tyco, in 2000, totalling $30 million.

In the period between 1999 and 2001, Parkervision stock tripled, then fell
sharply. During that time, Parkervision made dubious claims about a digital radio
technology called "D2D." During the build-up and height of publicity about D2D,
Douglas K. Makishima was Vice President of Marketing. Makishima claims to have
built the marketing organization at Parkervision and led marketing of D2D.

It is unlikely Makishima was unaware of what was going on at Parkervision. D2D,

and other Parkervision products that turned out to be smoke and mirrors, were
widely known and documented in publications such as Barron's.

In an article published in Communications Today in 2000, Makishima defended D2D

against skepticism expressed by analysts at Gartner and other firms.

Parkervision operated a Web site, "d2d.com" dedicated to the D2D technology and
supposed products. Between 1999 and 2001 more than 20 press releases were issued
by Parkervision on the D2D.com Web site and through PR Newswire, some quoting
Makishima making detailed claims regarding D2D, such as:

"The D2D architecture achieves the highest linearity per milliwatt of power
consumed of any radio technology of which we are aware, and does this in a very
cost-effective manner. The local oscillator in a D2D-based implementation will
typically operate at one third or less of the RF carrier frequency. Since D2D uses
a subharmonic clock, implementations do not require synthesizers operating at or
near the RF frequency as with traditional radio architectures. This provides lower
power, higher performance solutions that effectively reduce noise and design
issues that are inherent in traditional or other direct conversion designs which
require the use of local oscillators operating at or near the RF frequency. This
is one of the reasons that our technology lends itself to full integration in
standard CMOS and allows D2D-based radio hardware to take full advantage of
Moore's Law regarding semiconductors."

During the 1999 to 2001 period, Parkervision announced partnerships with Symbol
Technologies and Prariecomm, and that Parkervision would work with IBM to
manufacture Parkervision chips. None of these relationships resulted in designs or
products.

In press releases Parkervision claimed to demonstrate D2D technology in products

that would take substantial resources to develop, test, and manufacture, including
CDMA mobile and WiFi radios.

Makishima represented Parkervision as a voting memeber of IEEE 802.11 (WiFi)

working groups.