WJ Communications Announces Fourth Quarter and Fiscal Year 2006 Financial Results

               WJ Communications Inc. and Subsidiaries
                Condensed Consolidated Balance Sheets
                            (in thousands)



                                             December 31, December 31,
                                               2006 (1)     2005 (2)
                                             ------------ ------------
ASSETS

CURRENT ASSETS
   Cash and cash equivalents                     $17,024      $14,169
   Short-term investments                          8,399       16,052
   Accounts receivable, net                        5,759        7,135
   Inventory                                       5,281        4,826
   Other current assets                            1,563        2,632
                                             ------------ ------------
   Total current assets                           38,026       44,814

PROPERTY, PLANT AND EQUIPMENT, net                 7,232        7,919

Goodwill                                           6,834        6,806
Intangible assets, net                               960        1,884
Other assets                                         181          221
                                             ------------ ------------
                                                 $53,233      $61,644
                                             ============ ============


LIABILITIES AND STOCKHOLDERS' EQUITY

   Total current liabilities                      15,198       16,452

   Total long-term liabilities                    11,254       14,075

   Total stockholders' equity                     26,781       31,117
                                             ------------ ------------
                                                 $53,233      $61,644
                                             ============ ============


(1) Unaudited

(2) Derived from the Company's audited consolidated financial
statements included in the Company's annual report on Form 10-K for
the year ended December 31, 2005.


Contact:

WJ Communications
R. Gregory Miller, 408-577-6200
Chief Financial Officer
Email Contact
or
Media Contact
Claudia Lin, 408-577-6341
Marketing and Public Relations
Email Contact
or
Investor Contact:
Shelton Group Investor Relations
For WJ Communications
Kellie Nugent, 972-239-5119 ext. 125
Email Contact



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