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NOTICE OF GUARANTEED DELIVERY
TO TENDER OF SHARES OF COMMON STOCK
OF
MICROWAVE POWER DEVICES, INC.
TO
ERICSSON MPD ACQUISITION CORP.
A WHOLLY OWNED DIRECT SUBSIDIARY OF
ERICSSON INC.
(NOT TO BE USED FOR SIGNATURE GUARANTEES)
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT,
NEW YORK TIME, ON FRIDAY, NOVEMBER 17, 2000, UNLESS THE OFFER IS EXTENDED.
This Notice of Guaranteed Delivery, or one substantially in the form
hereof, must be used to accept the Offer (as defined below) (i) if certificates
("Share Certificates") evidencing shares of common stock, par value $0.01 per
share (the "Shares") of Microwave Power Devices, Inc., a Delaware corporation
(the "Company"), are not immediately available, (ii) if Share Certificates and
all other required documents cannot be delivered to ChaseMellon Shareholder
Services, L.L.C., as Depositary (the "Depositary"), on or prior to the
Expiration Date (as defined in Section 1 of the Offer to Purchase (as defined
below)) or (iii) if the procedure for delivery by book-entry transfer cannot be
completed on a timely basis. This Notice of Guaranteed Delivery may be delivered
by hand or mail or transmitted by telegram telex or facsimile transmission to
the Depositary and must include a guarantee by an Eligible Institution (as
defined in Section 3 of the Offer to Purchase). See Section 3 of the Offer to
Purchase.
The Depositary for the Offer is:
[ChaseMellon Shareholder Services Logo]
By Facsimile Transmission
(for Eligible Institutions only):
(201) 296-4293
Confirm by Telephone:
(201) 296-4860
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By Mail: By Overnight Courier: By Hand:
Reorganization Department Reorganization Department Reorganization Department
Post Office Box 3301 85 Challenger Road 120 Broadway,
South Hackensack, NJ 07606 Mail Drop-Reorg. 13th Floor
Ridgefield Park, NJ 07660 New York, NY 10271
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DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN
AS SET FORTH ABOVE, OR TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE
TRANSMISSION OTHER THAN AS SET FORTH ABOVE, WILL NOT CONSTITUTE A VALID
DELIVERY. THE GUARANTEE ON THE REVERSE SIDE MUST BE COMPLETED.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature on a Letter of Transmittal is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided in the
signature box on the Letter of Transmittal.
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Ladies and Gentlemen:
The undersigned hereby tenders to Ericsson MPD Acquisition Corp., a
Delaware corporation and a direct wholly owned subsidiary of Ericsson Inc., a
Delaware corporation, upon the terms and subject to the conditions set forth in
the Offer to Purchase, dated October 20, 2000 (the "Offer to Purchase"), and the
related Letter of Transmittal (which, together with the Offer to Purchaser and
any amendments or supplements thereto, collectively constitute the "Offer"),
receipt of each of which is hereby acknowledged, the number of Shares specified
below pursuant to the guaranteed delivery procedure described in Section 3 of
the Offer to Purchase.
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Number of Shares:
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Certificate Nos. (If Available):
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Check this box if Shares will be delivered by book-entry transfer:
[ ] The Depository Trust Company
Account No.
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Date: , 2000
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Name(s) of Holders:
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(PLEASE TYPE OR PRINT)
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ADDRESS
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ZIP CODE
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DAYTIME AREA CODE AND TELEPHONE NO.
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SIGNATURE(S) OF HOLDER(S)
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a participant in the Security Transfer Agents Medallion
Program or an "eligible guarantor institution," as such term is defined in Rule
17 Ad-15 under the Securities Exchange Act of 1934, as amended, guarantees to
deliver to the Depositary either certificates representing the Shares tendered
hereby, in proper form for transfer, or confirmation of book-entry transfer of
such Shares into the Depositary's account at The Depositary Trust Company, in
each case with delivery of a properly completed and duly executed Letter of
Transmittal (or manually signed facsimile thereof), with any required signature
guarantees, or an Agent's Message (as defined in the Offer to Purchase), and any
other documents required by the Letter of Transmittal, within three Nasdaq (as
defined in the Offer to Purchase) trading days after the date hereof.
The Eligible Institution that completes this form must communicate the
guarantee to the Depositary and must deliver the Letter of Transmittal and
certificates for Shares to the Depositary within the time period shown herein.
Failure to do so could result in a financial loss to such Eligible Institution.
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NAME OF FIRM
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AUTHORIZED SIGNATURE
NAME:
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PLEASE TYPE OR PRINT
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TITLE
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ADDRESS ZIP CODE
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AREA CODE AND TELEPHONE NO.
DO NOT SEND CERTIFICATES WITH THIS
NOTICE OF GUARANTEED DELIVERY.
CERTIFICATES SHOULD BE SENT WITH YOUR
LETTER OF TRANSMITTAL.
Dated: , 2000
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