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

August 4, 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, Illinois 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 8.01 — Other Events

On August 4, 2010, PCTEL, Inc. (the “Company”) issued a press release announcing that its Board of Directors authorized the repurchase of up to an additional $5 million of the Company’s outstanding common stock in the open market. In November 2008, the Company’s Board of Directors had previously authorized the repurchase of up to $5 million of the Company’s outstanding common stock. As of August 4, 2010, there was approximately $1.0 million remaining that could be used for the repurchase of the Company’s stock under the November 2008 authorization.

In order to facilitate repurchases of its common stock, on August 6, 2010, the Company established an open market trading plan pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The Rule 10b5-1 plan permits repurchases of the Company’s shares at times when the Company would not ordinarily be permitted to do so because of insider trading laws or due to self-imposed trading blackout periods. A broker chosen by the Company will have the authority, under the prices, terms and limitations set forth in the Rule 10b5-1 plan to repurchase shares on the Company’s behalf. The first period covered by the Rule 10b5-1 plan will commence September 13, 2010 and the plan will terminate when the $5 million authorization is exhausted.

Because the repurchases under the Rule 10b5-1 plan are subject to specific trading terms and parameters, there is no guarantee as to the exact number of shares that will be repurchased under the Rule 10b5-1 plan, or that there will be any repurchases at all pursuant to the Rule 10b5-1 plan.

The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 — Exhibits

(d) Exhibits

99.1 Press release, dated August 4, 2010, of PCTEL, Inc. announcing the authorization of a stock repurchase program and establishment of Rule 10b5-1 trading plan

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: August 9, 2010

PCTEL, INC.
By:	/s/ John W. Schoen
	John W. Schoen, Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press release, dated August 4, 2010, of PCTEL, Inc. announcing the authorization of a stock repurchase program and establishment of Rule 10b5-1 trading plan

EX-99.1

Exhibit 99.1

PCTEL Board of Directors Authorizes Stock Buyback
Company Will Also Establish 10b-5 Program

Bloomingdale, IL — August 4, 2010 — PCTEL, Inc. (NASDAQ: PCTI), a leader in antenna and scanning receiver solutions, announced today that the Board of Directors authorized an additional $5 million to buyback shares of the company’s stock. The company will continue to buyback shares during the company’s regularly scheduled open trading window, which is typically the middle five weeks of each quarter. In addition, the company will establish a 10b-5 program that will permit buyback of shares at times other than when the scheduled window is open.

“We believe that PCTEL has a strong future and that we have an unusual opportunity to invest directly in our company,” said Marty Singer, PCTEL Chairman and CEO. “Ultimately, however, our goal is to invest in the growth of our business and to expand through acquisition and organic investment. Over the past 18 months, we have acquired four assets and we intend to evaluate other opportunities,” added Singer.

Over the past eight years, the company has bought back 7.7 million shares and paid out a one-time dividend of $10.3 million to its shareholders. The company has $73 million in cash and no debt.

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 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.

Safe Harbor

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Specifically, the statements regarding PCTEL’s authorization to repurchase up to $5 million of the company’s common stock in the open market, and its goal to invest in the growth of its business and expand through acquisition and organic investment, are forward looking statements 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 that 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.

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For further information contact:

Jack Seller
Public Relations
PCTEL, Inc.
(630)339-2116

jack.seller@pctel.com