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EXHIBIT 99.2
[American Appraisal Associates Letterhead]
CONSENT OF APPRAISER
We hereby consent to the references made to us and/or our appraisal, dated
August 1, 2000, by Endwave Corporation under the captions(s) "MANAGEMENT'S
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS -
Overview", "EXPERTS", and in the Financial Statements and related notes in the
Prospectus constituting a part of Amendment No. 1 to Registration Statement
No.333-41302 on Form S-1. In giving this consent, we do not thereby admit that
we come within the category of persons whose consent is required under Section 7
of the Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder.
AMERICAN APPRAISAL ASSOCIATES, INC.
By: /s/ RONALD M. GOERGEN
---------------------------------
Ronald M. Goergen
President
Milwaukee, Wisconsin
August 24, 2000
WE VALUE YOUR BUSINESS
