8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) May 16, 2007

PCTEL, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware	000-27115	77-0364943
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

8725 W. Higgins Road, Suite 400
Chicago, Illinois 60631

(Address of principal executive offices)

(773) 243-3000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

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(b) 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))

TABLE OF CONTENTS

	Item 8.01 Other Events
	Item 9.01 Financial Statements and Exhibits
SIGNATURE
Exhibit Index
Press Release

Section 8 — Other Events

Item 8.01 Other Events

     On May 16, 2007, PCTEL, Inc. (the “Company”) issued a press release announcing that its board of directors has authorized the repurchase of up to an additional 500,000 shares of its outstanding common stock. The Company’s board of directors had previously approved three additional stock repurchase programs for an aggregate of 2,500,000 shares. Subject to applicable securities laws, the shares may be repurchased from time to time in the open market. Such purchases will be at times and in amounts as the Company deems appropriate, based on factors such as market conditions, legal requirements and other corporate considerations.

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

Section 9 — Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

     (d) Exhibits

     The following exhibit is furnished herewith:

99.1 Press Release, dated May 16, 2007, announcing the approval of a stock repurchase program

SIGNATURE

     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 hereunto duly authorized.

Date: May 29, 2007

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

Exhibit Index

Exhibit
Number	Description
99.1	Press Release, dated May 16, 2007, announcing the approval of a stock repurchase program

EX-99.1

Exhibit 99.1

PCTEL Board of Directors Authorizes Stock Buyback

Additional 500,000 Shares Approved

CHICAGO, May 16, 2007 (BUSINESS WIRE) — PCTEL, Inc. (NASDAQ:PCTI), a leader in wireless broadband solutions, announced today that its Board of Directors unanimously approved management’s proposal to buyback an additional 500,000 shares. Previously, the Board had approved three stock buyback programs for a total of 2,500,000 shares. All but 140,000 of those shares have been acquired.

“Stock buyback programs enable us to offset the shareholder dilution related to employee stock grants and stock options,” said Marty Singer, PCTEL’s Chairman and CEO. “They also reflect our confidence in the future value of the stock,” added Singer.

PCTEL buys back stock only in the middle month of each quarter provided that three days have elapsed since the last earnings release. Stock repurchases are suspended in the event of any pending material events. PCTEL executives may not sell stock during any buyback activity. Trading volume also limits the amount of stock that can be repurchased per day.

About PCTEL

PCTEL, Inc. (Nasdaq:PCTI), which is headquartered in Chicago, is a global leader in wireless broadband solutions. The company’s Broadband Technology Group (BTG) includes Antenna Products and RF Solutions. PCTEL’s BTG designs, distributes, and supports innovative antenna solutions for public safety applications, unlicensed and licensed wireless broadband, fleet management, network timing, and other GPS applications. Its portfolio of OEM receivers, receiver based products and interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL’s Mobility Solutions’ software tools provide secure, access independent, remote connectivity to the Internet and IMS software for converged handsets.

The company’s products are sold or licensed to wireless carriers, wireless ISPs, distributors, system integrators, wireless test and measurement companies, wireless network equipment, handset manufacturers, and government agencies. PCTEL protects its technology with a strong intellectual property portfolio and broad cross-licensing agreements. For more information, please visit the company’s web site at: http://www.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 proposal to buyback an additional 500,000 shares 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 which 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.

SOURCE: PCTEL, Inc.

PCTEL
John Schoen
CFO
(773) 243-3000
or
PCTEL
Jack Seller
Public Relations
(773) 243-3016
jack.seller@pctel.com

Copyright Business Wire 2007

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