PRZOOM - /newswire/ -
Winston-Salem, NC, United States, 2011/11/04 - SmallCapReview.com, A leading site for news and information on small caps, penny stocks and microcaps is adding Openwave Systems (Nasdaq: OPWV) to its list of stocks "On the Radar".
Openwave Systems (OPWV) a global software innovator delivering all-Internet Protocol (all-IP) mediation and messaging solutions that enable communication service providers to create and deliver smarter services.
Building on its mobile data heritage, Openwave mobilizes the Internet with data-driven solutions that comprehensively enhance IP traffic and increase the value of the mobile network. Openwave arms its customers with a 360-degree view of network activity plus the tools to help them proactively optimize network resources, react to user behavior with smarter data plans and services, and deliver a contextually relevant messaging experience.
Openwave is a global company with a blue chip customer base spanning North America, Latin America, Australia and New Zealand, Asia, Africa, Europe, and the Middle East. Openwave is headquartered in Redwood City, California.
OPWV Investor Highlights
Announced that revenues for the first fiscal quarter were $52.4 million, compared with $35.2 million in the prior quarter and $41.5 million in the September quarter in the preceding fiscal year.
Bookings for the quarter were $23.7 million, which included a significant intellectual property licensing agreement separately announced by Openwave. The company ended the quarter with $66.6 million in cash and investments.
Net income for the first fiscal quarter was $2.6 million or $0.03 per share, compared with a net loss of $20.0 million, or $0.23 per share, in the prior quarter and net income of $71,000 or $0.00 per share, in the September quarter in the preceding year.
Announced that Microsoft Corporation agreed to license Openwave’s patent portfolio.
Announced an agreement with Open-Xchange, the supplier of business-class email and groupware for cloud providers, to integrate Open-Xchange’s email technology into the Openwave Rich email product.
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