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EXHIBIT 99.2
SCHEDULE II--VALUATION AND QUALIFYING ACCOUNTS
METAWAVE COMMUNICATIONS CORPORATION AND SUBSIDIARIES
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Additions
---------------------
Balance Charged
at Charged to to Other Balance at
Beginning Costs and Accounts- Deduction- End of
Description of Period Expenses Describe Describe period
----------- --------- ---------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Year ended December 31,
1999
Reserve and allowances
deducted from asset
accounts: Account
receivable
Allowance for
uncollectible accounts (693,177) (214,918) (908,095)
Year ended December 31,
1998
Reserve and allowances
deducted from asset
accounts: Account
receivable
Allowance for
uncollectible accounts (41,508) (651,669) (693,177)
Year ended December 31,
1997
Reserve and allowances
deducted from asset
accounts: Account
receivable
Allowance for
uncollectible accounts -- (41,508) (41,508)
Year ended December 31,
1999
Reserve and allowances
deducted from asset
accounts: Inventory
Allowance for
obsolescence (829,388) (2,188,806) (3,018,194)
Year ended December 31,
1998
Reserve and allowances
deducted from asset
accounts: Inventory
Allowance for
obsolescence (550,000) (279,388) (829,388)
Year ended December 31,
1997
Reserve and allowances
deducted from asset
accounts: Inventory
Allowance for
obsolescence -- (550,000) (550,000)
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