EXHIBIT 99.4


                    [LETTERHEAD OF WYNDCREST HOLDINGS, LLC]


VIA FACSIMILE (408) 216-1772
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August 2, 2002

Board of Directors
Attn:  Sanjay K. Khare, CFO
The Netro Corporation
3860 North First Street
San Jose, CA  95134

     Re:  LETTER OF INTENT TO ACQUIRE ALL OF THE OUTSTANDING SHARES OF
          NETRO CORPORATION

Ladies and Gentlemen:

Wyndcrest Holdings, LLC ("Wyndcrest") hereby agrees to revise and restate the
terms of our Letter of Intent dated July 25, 2002. Wyndcrest now offers to
purchase all of the outstanding shares of Netro, in a fully financed
transaction, for $247 million (approximately $4.05 per share). The offer
remains subject to confirmatory due diligence and a stock purchase agreement
custom for transactions of this size and nature.

It is our firm belief that this all cash offer, executed on an accelerated
timeline, will provide Netro's shareholders the best possible opportunity to
maximize shareholder value. We trust that you will seriously consider this
revised offer in accordance with your fiduciary duties to your shareholders,
creditors and other stakeholders. Certainly we hope that our continued
expressions of interest at least result in a meaningful discussion with the
leadership of Netro before a response to this offer becomes final. As we have
attempted to emphasize in our corresponding press release, we believe it likely
that discussions with management would allow Wyndcrest to further improve its
offer for the benefit of Netro shareholders. We will be contacting you shortly
to personally invite such discussion.

Sincerely,

/s/ John C. Textor

John C. Textor
Chief Executive Officer