SAN JOSE, Calif. — Nov. 1, 2007 — Symmetricom, Inc. (NASDAQ:SYMM), a worldwide leader in precise time and frequency technologies that accelerate the deployment and enable the management of next generation networks, today reported financial results for its first quarter ended September 30, 2007.

Fiscal first quarter revenue was $50.7 million, a 7.4 percent increase over prior year quarterly revenue of $47.3 million. 

Net loss from continuing operations in the first quarter was $(0.3) million, or $(0.01) per share, compared with net earnings from continuing operations of $3.3 million, or $0.07 per share on a fully diluted basis in the prior year period. 

Non-GAAP net earnings from continuing operations in the first quarter, which excludes certain items related to non-cash compensation, amortization of acquired intangibles, impairment of goodwill and other intangibles, integration and restructuring charges, and unusual and non-recurring items, were $1.8 million or $0.04 per share on a fully diluted basis, compared with $4.7 million or $0.10 per share on a fully diluted basis in the prior year period. 

Telecom Solutions Division revenue in the quarter was $30.3 million, a decrease of $1.8 million, or 5.5 percent, from prior year revenue of $32.1 million. Timing, Test & Measurement Division revenue in the quarter was $20.2 million, an increase of $5.1 million, or 33.6 percent, over prior year revenue of $15.2 million. Revenue for our new Quality of Experience (QOE) Assurance Division was $0.2 million for the quarter.

First Quarter 2008 Highlights

• Verizon continued to be a strong customer, representing approximately 12 percent of overall revenues
• Strong performance from our Timing Test and Measurement Division was propelled by orders from the Coast Guard, the Intelligence Community, the Air Force and international customers
• TimeCreator, our new cable timing product, is seeing increased activity, and is now in trials at four cable operators
• Our QOE Assurance Division entered into two new trials and began a live-network beta trial with a set-top box supplier

“With less than five percent of the installed BITS base currently upgraded at AT&T and Verizon, along with strong performance in the government sector and opportunities in cable, we see our core business as healthy and growing,” said Thomas Steipp, president and CEO of Symmetricom. “As indicated previously, we expect the second half of the year to be stronger for wireline as telecom capital expenditure budgets come out for 2008.”

Investor Conference Call
As previously announced, management will hold a conference call to discuss these results today, Nov. 1, at 1:30 p.m. Pacific time. Those wishing to join should dial 1-210-234-0002 and reference the passcode “Symmetricom.” A live webcast of the conference call will also be available via the Company’s website at www.symmetricom.com.  A replay of the call will be available until Nov. 9 at 11:59 p.m. Pacific Time. To access the replay, please dial 1-203-369-0349.

Non-GAAP Information
Certain non-GAAP financial information is included in this press release. In the non-GAAP Statements of Operations, Symmetricom excludes certain items related to non-cash compensation, amortization of acquired intangibles, impairment of goodwill and other intangibles, integration and restructuring charges and unusual and non-recurring items. Symmetricom believes that excluding such items provides investors and management with a representation of the Company’s core operating performance and with information useful in assessing our prospects for the future and underlying trends in Symmetricom’s operating performance.  Management uses such non-GAAP information to evaluate financial results and to establish operational goals. Non-GAAP information is not determined using GAAP and should not be considered superior to or as a substitute for data prepared in accordance with GAAP.  A reconciliation of the non-GAAP results to the GAAP results is provided in the financial schedules portion of this press release.

Safe Harbor 
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. These forward-looking statements include statements concerning our new QOE Assurance Division business, progress made in developing product for the cable industry, progress made in upgrading equipment at Verizon and ATT, core business growth, strong second half fiscal 2008 revenue, as well as the information regarding the usefulness of the non-GAAP financial information. Symmetricom's actual results could differ materially from those projected or suggested in these forward-looking statements. Factors that could cause future actual results to differ materially from the results projected in or suggested by such forward-looking statements include: reduced rates of demand for telecommunication products, cable products or test and measurement products, our customers’ ability and need to upgrade existing equipment, our ability to attract cable service providers as new customers for our products, our ability to develop, market and sell products into the QOE area for the emerging IPTV market, our ability to negotiate contracts with our customers, our ability to maintain gross margins, timing of orders, cancellation or delay of customer orders, loss of customers, difficulties in manufacturing products to specification or customer volume requirements, challenges in integrating acquired businesses, customer acceptance of new products, geopolitical risks such as terrorist acts and the risk factors listed from time to time in Symmetricom's reports filed with the Securities and Exchange Commission, including the annual report on Form 10-K for the fiscal year ended July1, 2007, and subsequent current reports on Form 8-K.

Note: Financial schedules attached.