8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

January 11, 2010
Date of Report (Date of earliest event reported)

PCTEL, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-27115	77-0364943
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

471 Brighton Drive
Bloomingdale, IL 60108
(Address of Principal Executive Offices, including Zip Code)

(630) 372-6800
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12(b))

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

The following information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition.” This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On January 11, 2010, PCTEL, Inc. (the “Company”) issued a press release that updated its guidance related to revenues and gross margin percentage for the three months ended December 31, 2009. The press release also included information regarding the Company’s cash flow activity for the three months ended December 31, 2009 and its cash and investment balance as of December 31, 2009.

A copy of the press release of the Company dated January 11, 2010 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 — Exhibits

(d) Exhibits

     Exhibit 99.1     Press Release of PCTEL, Inc. dated January 11, 2010.

-2-

SIGNATURE

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

Date: January 11, 2010
	PCTEL, Inc.
	By:	/s/ John W. Schoen
		John W. Schoen, Chief Financial Officer

-3-

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release of PCTEL, Inc. dated January 11, 2010.

-4-

EX-99.1

Exhibit 99.1

PCTEL Anticipates Fourth Quarter Revenue of $14.8 Million

Earnings Release Scheduled For March 4, 2010

Bloomingdale, IL — January 11, 2010 — PCTEL, Inc. (NASDAQ: PCTI), a leader in propagation and optimization solutions for the wireless industry, announced today that it anticipates total revenue of approximately $14.8 million and gross profit margin in a range of 46 percent to 48 percent for the fourth quarter ended December 31, 2009. The company’s total cash and investments at December 31, 2009 were approximately $75.5 million, a decrease of $2.9 million from the quarter ended September 30, 2009. During the fourth quarter the company paid out cash of $4.3 million for the Ascom scanning receiver acquisition, $800,000 related to the distribution rights and patented technology in the IP litigation settlement with Wider Networks, and approximately $700,000 for the repurchase of common shares pursuant to its stock buyback program. The company generated approximately $2.9 million in cash and investments from all other sources during the quarter.

The company has scheduled its fourth quarter earnings release conference call for Thursday March 4, 2010 after the market closes. The reporting date accommodates the accounting valuation work related to the acquisition of the Ascom scanning receiver business and the GSMA telecom conference in Barcelona. Details for the conference call will be provided at a later date.

“The sequential revenue growth from the second to the fourth quarter suggests that some public safety projects that were dormant are now moving forward, that cellular operators are beginning to deploy new technologies, and that distributors are willing to take a slightly greater inventory risk,” said Marty Singer, PCTEL’s Chairman and CEO. “Our gross margins are holding up in a challenging environment and we are seeing some encouraging growth in specific vertical markets. We will provide greater detail on these trends as well as on our operating results when we release earnings,” added Singer.

About PCTEL

PCTEL, Inc. (NASDAQ: PCTI), is a global leader in propagation and wireless network optimization solutions. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions. The company’s SeeGull^® scanning receivers, receiver-based products and CLARIFY^® interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL’s SeeGull scanning receivers are deployed in industry leading wireless test and measurement equipment and viewed as an essential wireless data collection tool

-5-

for cellular network optimization, drive tests, and spectrum clearing. PCTEL develops and supports scanning receivers for LTE, EVDO, CDMA, WCDMA, UMTS, TDS-CDMA and WiMAX networks.

PCTEL’s MAXRAD^®, Bluewave™ and Wi-Sys™ antenna solutions address public safety, military, aviation, defense and government applications; SCADA, Health Care, Energy, Smart Grid and Agricultural applications; Indoor Wireless, Wireless Backhaul, and Cellular applications. Its portfolio includes a broad range of WiMAX antennas, WiFi antennas, Land Mobile Radio antennas, and precision GPS antennas that serve innovative applications in telemetry, RFID, in-building, fleet management, and mesh networks. PCTEL provides parabolic antennas, ruggedized antennas, yagi antennas, military antennas, precision aviation antennas and other high performance antennas for many applications. PCTEL’s products are sold worldwide through direct and indirect channels. For more information, please visit the company’s web site www.pctel.com, www.antenna.com, www.antenna.pctel.com, or www.rfsolutions.pctel.com.

PCTEL Safe Harbor Statement

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Specifically, the statements regarding PCTEL’s momentum and opportunities for growth in specific vertical markets in the future is a forward-looking statement within the meaning of the safe harbor. These statements are based on management’s current expectations and actual results may differ materially from those projected as a result of certain risks and uncertainties, including the ability to successfully grow the wireless products business and the ability to implement new technologies and obtain protection for the related intellectual property. These and other risks and uncertainties are detailed in PCTEL’s Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and PCTEL disclaims any obligation to update or revise the information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.

# # #

For further information contact:
Jack Seller Public Relations PCTEL, Inc. (630) 339-2116 jack.seller@pctel.com	Mary McGowan Investor Relations Summit IR Group (408) 404-5401 mary@summitirgroup.com

-6-