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Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 18.038,00 | +0,13 | 194 | |||
| 2. | 2. | 9,6900 | -33,06 | 188 | |||
| 3. | 3. | 162,13 | +12,06 | 143 | |||
| 4. | 4. | 0,1940 | +1,57 | 72 | |||
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| 6. | 6. | 0,0211 | -32,59 | 29 | |||
| 7. | 7. | 1,3500 | -0,74 | 29 | |||
| 8. | 15. | 2,3410 | -2,94 | 26 |
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Profil:
Openwave, the combination of Phone.com and Software.com, is the leading provider of Internet-based communication infrastructure software and applications.
Our company provides Communication Service Providers, including wireless and wireline carriers, ISPs, portals, and broadband providers worldwide, with the software and services they need to build boundary-free, multi-network communications services for their subscribers—and rapidly enter the Internet economy.
Openwave`s broad portfolio of products includes software for unified messaging, mobile mail, directory services, wireless Internet access gateways, voice processing, synchronization, and instant messaging.
The company`s global customer base includes the industry`s largest service providers: AT&T, BellSouth, British Telecom, Deutsche Telekom, Excite@Home, GTE.net Services, iBasis, Japan Telecom, KDDI, Mannesmann, Nextel, PSINet, SprintPCS, Telecom Italia, Telcell, Telstra, Telefonica, Time Warner`s Road Runner, and Verizon Wireless.
Umsatz:
2000: 286,6 Mill. ( 3. Quartal: 80,8 / 4. Quartal: 109,8)
2001(e): 640 Mill. / Wachstum pro Quartal (lt. Unternehmen): 10-20%
2002 (e): 960 Mill./ Wachstum p.a.(lt. Unternehmen): 50-100%
Gewinn:
EPS 2001(e): 0,46 $
2002 (e): 0,79 $
aktueller Kurs: 38,25 $
Bewertung:
KUV: 10 (01) / 6,8 (02)
KGV: 83 (01) / 48,4 (02)
Die letzten Quartalszahlen:
23.01. 00:52
Openwave schlägt Schätzungen um 200%
Der Kommunikations-Software-Anbieter Openwave Systems, welcher durch das Merger zwischen Software.com und Phone.com entstand, weist nachbörslich einen Gewinn für das vierte Quartal 2000 aus und erhöht die Schätzungen für das Fiskaljahr 2001. Dies übertraf die Schätzungen der Analysten.
Der Gewinn lag bei $15.8 Mio. oder 9 cents je Aktie, First Call erwartete einen Gewinn je Aktie von 3 cents.
Nach Abzug der Akquisitions- und Fusions-Kosten wies das Unternehmen einen Verlust von $228.6 Mio. oder $1.38 je Aktie aus, im Vorjahreszeitraum wurde ein Verlust von $168 Mio. oder $1.04 von Software.com und Phone.com addiert, ausgewiesen.
Der Umsatz stieg auf $109.7 Mio. gegenüber $29.1 Mio. im Vorjahresquartal.
Die nachbörslich erschienenen Zahlen schlugen die Schätzungen der Finanzabteilung von Openwave, welche von einem Break Even im abgelaufenen Quartal ausgegangen war.
Das Unternehmen führt die starken Zahlen auf eine höhere Zahl von Kunden als erwartet im Mobilfunk-Bereich zurück. Die Zahl der Benutzer der Mobilfunk-Dienstleistungen des Unternehmens stieg auf 12.1 Mio. Ende Dezember von 6.9 Mio. Ende September.
Für 2001 sieht Openwave ein Umsatzwachstum zwischen 10% und 20%, was im Mittelwert einem Umsatz von $640 Mio. entspräche. Der ursprüngliche Wert lag für diese Ziffer bei $580 Mio. Der Gewinn je Aktie, welcher voraussichtlich im Fiskaljahr 2001 erzielt wird, liegt bei 46 cents.
Die Aktie konnte während des Handelsverlaufs um 8.7% auf $53 1/4 steigen, nachbörslich notiert die Aktie bei $56 1/8
Anal-ysten:
22.01.2001
Openwave akkumulieren
Merrill Lynch
Die Aktienexperten von Merrill Lynch raten, die Aktie Openwave (WKN 923088) zu akkumulieren.
In Erwartung des Unternehmensberichtes am Sonntag Abend, verlautbarten die Investmentexperten von Merrill Lynch, Openwave habe möglicherweise 4,5-5 Mio. neue WAP-Abonnenten freischalten können. Diese Zahl würde weit über den noch vor einer Woche gesteckten Erwartungen der Analysten liegen. Die Haupttriebfeder dieses Abonnements-Zuwachses sei Europa. Die Merrill Lynch-Analystin für Telefonanbieter in Europa, Victoria Granger sehe nunmehr eine Zunahme der Subskriptionen von nahezu 4 Mio. allein in Europa (eine überaus bemerkenswerte Zahl), von denen Openwave 50-70% übernehmen könne.
Unter anderem würden im einzelnen nach Schätzungen von Merrill Lynch durch Telecom Italia Mobile und Omnitel je 300-500 Tsd. neue Abonnements erreicht; BT Cellnet werde weitere 500.000 beitragen können. France Telecom trage weitere 300.000 Neuanmeldungen bei und in den USA werde Nextel mit nochmals 400.000 Subskriptionen seine Zuwachszahlen für das 3. Quartal mehr als verdoppeln.
Die Analysten erinnerten daran, dass die Neu-Subskriptionen zwar ein wichtiger Messwert seien, Openwave jedoch einen Großteil seiner Abonnementsumsätze während der Laufzeit eines bestehenden Telefonanschluss-Vertrages erziele, die normalerweise 24 Monate betrage. Die Experten von Merrill Lynch betonten daraufhin, der wichtige Faktor bei der Zunahme der Abonnementgebühren-Umsätze im Quartalsvergleich sei die Zahl der abgeschlossenen Verträge mit Beginn im Quartal oder kurz davor.
Hier sei Openwave in einer sehr guten Position. Im Dezemberquartal habe das Unternehmen 3 “UP.Link”-Verträge und einen “Unified Messaging”-Vertrag k abschließen können. Zusätzlich werde Openwave vermutlich erstmals für ein volles Quartal von den Ergebnissen aus 3 großen Abschlüssen profitieren, die in der 2. Hälfte des Septemberquartals unterzeichnet worden seien. Die Aktienexperten von Merrill Lynch rieten den Investoren, mit Interesse auf die Ankündigungen des Unternehmens zum nächsten Quartal zu reagieren.
01.02.2001
Openwave aggressiv kaufen
WR Hambrecht & Co
Die Analysten von WR Hambrecht + Co haben dem Wert Openwave (WKN 923088) das Prädikat „aggressiv kaufen“ gegeben.
Am 31.1.2001 habe das Unternehmen in San Francisco ein Analystenmeeting abgehalten. Diese sei von 2 Ankündigungen dominiert worden. Erstens habe man eine voiceXML basierte Messaging Plattform in Zusammenarbeit mit Cisco bekanntgegeben. Diese ermöglicht es Kommunikations Service Providern ihren Kunden Zugang zu Serviceleistungen wie zum Beispiel Voicemail, e-mail und Fax zu verschaffen, alles durch einen Anruf an eine Message Box. Zweitens habe man angekündigt, dass British Telecom das System basierend auf Openwaves Plattform einsetzen wolle.
Die Analysten sehen die Ankündigungen positiv. Die Kooperation mit Cisco verbinde das Unternehmen mit dem weltweiten Marktführer. Außerdem zeige der Deal nicht nur den Fortschritt in dem speziellen Bereich. Die British Telecom sei bereits Kunde von Openwave. Diese weitere Kooperation zeige, dass das Unternehmen ebenfalls die Fähigkeit besitze, seine schon bestehende Kundenbasis zu festigen. Weiterhin plane AT&T Wireless mit Openwave bezüglich 2.5G und 3G mobile Infrastruktur zusammenzuarbeiten.
Das Unternehmen habe seine Schätzungen für die Zukunft nicht weiter angehoben, habe aber gesagt, dass das jährliche Wachstum von 50 bis 100% fortzuführen sei. Die Analysten sehen Openwave im Wireless und Wireline Internet Infrastruktur Software Bereich hervorragend positioniert. Man bleibe bei der Empfehlung „aggressiv kaufen“ und gebe ein 12 Monatskursziel von $100.
latest news:
22.1.2001
China Mobile Communications Corporation (CMCC), China`s Largest Cellular Provider, Selects Openwave and Siemens to Enable Wireless Internet Services in China
Siemens to Use Openwave Platform to Deliver Mobile Internet to the People`s Republic of China
REDWOOD CITY, Calif., Jan 22, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the combination of Phone.com and Software.com, and Siemens today announced that the companies have been chosen by China Mobile Communications Corporation (CMCC), China`s largest mobile carrier and the world`s largest single operator network, to supply mobile Internet services to subscribers in China, including four of CMCC`s largest markets. Under the terms of the agreement, CMCC will be using the Openwave(TM) WAP-compatible UP.Link(TM) Server and Mobile Management Server (MMS) subscriber auto-registration technology to enable wireless Internet access to over half of its subscriber base. CMCC had more than 66 MM subscribers at the end of 2000 and is the country`s dominant operator, owning 80% of the cellular market share in China.
Openwave`s technology will provide wireless Internet access to subscribers in 11 provinces throughout China, covering a total population of 475 MM people, including Guangdong, Zhejiang, Fujian and Shandong, 4 of CMCC`s top 5 mobile subscriber provinces. In addition, CMCC will make the technology available in Shanghai, Hainan, Guangxi, Sichuan, Yunnan, Guizhou, and Tibet. Using the Openwave technology, CMCC subscribers will be able to access their e-mail, information-on-demand services such as news, stock trading, stock charting, online shopping, flight and train schedules, online games, horoscope, and other localized information. In addition, subscribers will have personal information management services, such as calendaring functions and personal organizers. Deployment of these WAP-based services is planned for the first calendar quarter of 2001.
30.01. 08:37
Openwave kündigt neuen Browser an
Die neueste Version seines Wireless Browsers soll Features wie z.B. Drop Down Menues oder farbige Grafiken unterstützen. Insgesamt sollen mehr Computer-freundliche Features auf Mobilfunktelefonen unterstützt werden. Des weiteren wird der Browser auch zu i-Mode, dem weit entwickelten Standard von NTT DoCoMo kompatibel sein, was angesichts dessen immer ausgedehnteren Verbreitung zukünftig sehr wichtig sein könnte.
Die ersten Mobilfunktelefone mit integriertem Browser von Openwave Systems, der i-Mode kompatibel ist, sollen in der zweiten Jahreshälfte in Japan verfügbar sein. Mobilfunknutzer schaffen sich in den USA alle 18 Mon. ein neues Handy an, in Asien alle 9 Monate und in Europa alle 12 Monate.
31.1.01
Openwave kooperiert mit Cisco
Der Kommunikationsdienstleister Openwave gab heute bekannt, eine Kooperation mit dem Netzwerkausrüster Cisco Systems eingegangen zu sein. Zusammen werden die beiden Technologieunternehmen ein System entwickeln, das es Kunden ermöglicht, mit einem einzigen Telefonanruf ihre eMails, Voice Mails und Faxe abzurufen.
Ist das Produkt einmal fertig entwickelt, sollen Kunden einfach ihre normalen Cisco-Router per Software aufrüsten können und erhalten somit ein komplettes Unified Messaging System.
Eine Tochter der British Telecom hat bereits Interesse angekündigt und möchte eventuell der erste Kunde des Joint Ventures von Openwave und Cisco Systems werden.
Die Aktienkurse der beiden Unternehmen zeigten sich von der Ankündigung, ein gemeinsames Produkt zu entwickeln, nicht sonderlich beeindruckt. Beide notieren aktuell ungefähr auf Vortagesniveau.
22.2.
AT&T Wireless Taps Openwave For Next-Gen WAP Gateway
BASKING RIDGE, NEW JERSEY, Feb 22, 2001 (Newsbytes via COMTEX) -- Mobile Internet users of AT&T Wireless [NYSE:AWE] moved a few steps closer to getting higher access speeds this week when the mobile carrier announced a major deal with Openwave [NASDAQ:OPWV].
Openwave, which took the wraps off its next-generation microbrowser technologies at this week`s GSM Congress in Cannes, France, promising the arrival of color and graphics for mobile Internet users, is to provide a full WAP (wireless application protocol) gateway for AT&T Wireless` new GSM/PCS GPRS (general packet radio service) system.
GPRS allows single PCS data channels to be daisy-chained together to allow wireless data speeds approaching that of a regular wireline 56K modem user.
Using the technology also allow wireless carriers to offer IP (Internet protocol) connections for always-on Internet facilities.
Openwave already provides gateway services for AT&T Wireless` CDPD (cellular data, packet data) Pocketnet mobile Internet service, but the new GPRS gateway will support a wide variety of mobile Internet protocols and systems.
These include support for what Openwave calls "multi-mode browsing," which includes xHTML (extended HTML), WML (wireless markup language), HDML (handheld markup language) and cHTML (compact HTML).
The real advantage to AT&T Pocketnet users, however, is that the gateway will allow access to a great many more pages on the general Internet, with the Openwave gateway converting formats.
It`s unlikely that all Web pages will be accessible to AT&T Pocketnet users, simply because many Web pages are constructed to be full-screen and feature Java plus Javascript facilities.
Coupled with HTML Frames, such pages are unsuitable for conversion to a format that can be viewed satisfactorily on a mobile Internet-enabled mobile phone screen.
Don`t hold your breath waiting for AT&T Wireless to announce when its GPRS services will go live. Like many European wireless carriers, the US carrier wisely remains coy about its GPRS service introduction dates.
22.2.
Sun Microsystems and Openwave Form Strategic Relationship to Deliver Mobile Internet Solutions
Relationship Focused on Standards-Based End-to-End Solutions and Programs That Accelerate Development and Deployment of Mobile Internet Services
CANNES, France, 3GSM World Congress, Feb 22, 2001 /PRNewswire via COMTEX/ -- Sun Microsystems, Inc. (Nasdaq: SUNW chart, msgs) and Openwave Systems Inc. (Nasdaq: OPWV chart, msgs) today announced a broad, strategic relationship to accelerate the delivery of end-to-end mobile Internet services solutions. The relationship includes technology alignment initiatives across product lines from both companies, which together offer wireless service providers with a compelling suite of service creation and deployment capabilities to help increase the average revenue per user, reduce customer turnover, and open new market segments. The two companies also intend to create a wireless developer program to support both Java(TM) and Wireless Application Protocol (WAP) developers. This new joint collaborative agreement executed between Sun and Openwave is intended to simplify the development and deployment of rich wireless content and interactive handset applications to help unleash the potential of the mobile Internet. The companies intend to jointly market and support their complementary offerings to the world`s leading wireless service providers to further accelerate the growth and adoption of high-value mobile Internet services.
Wer mehr über Openwave (insbesondere über die Unternehmen aus denen Openwave hervorgegangen ist) wissen will, schaut in das researchcenter bei myresearch.de:
http://www.myresearch.de/cgi-bin/myresearch.cgi?AC=1000&TH=u…
Grüsse, buck
intraday
The Openwave Mobile Access Gateway Receives WAP 1.1 Certification From WAP Forum`s Open Group
Certification Highlights Best of Breed Products and Reinforces Customer Confidence
REDWOOD CITY, Calif., Mar 1, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open IP-based communications infrastructure software and applications, today announced that the Openwave(TM) Mobile Access Gateway (formerly the UP.Link(TM) Server) has received WAP 1.1 certification from the WAP Forum`s Open Group, the authorized certification authority for the WAP Forum`s Product Certification Program. As one of the first gateway products to gain approval from the Open Group, certification of the Openwave Mobile Access Gateway highlights the company`s position as an industry innovator.
(Photo:http://www.newscom.com/cgi-bin/prnh/20001204/OPENWAVE )
The Open Group is the standards committee commissioned by the WAP Forum to create a suite of tests to verify a product`s compliance with WAP specifications and to ensure accurate test results from parties seeking approval of pending products. Openwave completed testing on January 12, 2001 and the Open Group announced certification of the Mobile Access Gateway March 1, 2001.
"Certification of the Mobile Access Gateway by the WAP Forum is a seal of approval ensuring quality and reinforcing Openwave`s position as the industry leader," said Bruce Martin, vice president of product development for Openwave. "As one of the first companies to complete certification testing, Openwave will be the more obvious choice for network operators looking for a comprehensive gateway solution."
The Openwave Mobile Access Gateway provides a comprehensive set of features and functionality required for network operators to host complete WAP solutions on their wireless voice and data networks. The Mobile Access Gateway is licensed by over 80 carriers worldwide, including BT, Sprint and KDDI, and provides access to wireless data services to over 12.1 million subscribers.
The Mobile Access Gateway is a robust solution for the industry, providing the protocol translation and optimization, security, activity tracking and administration tools needed to implement a powerful wireless Internet solution. The gateway also allows the carrier to support multiple airlink standards including CDMA, CDPD, GSM, iDEN, PDC, PHS and TDMA.
Certification Highlights Best of Breed Products and Reinforces Customer Confidence
REDWOOD CITY, Calif., Mar 1, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open IP-based communications infrastructure software and applications, today announced that the Openwave(TM) Mobile Access Gateway (formerly the UP.Link(TM) Server) has received WAP 1.1 certification from the WAP Forum`s Open Group, the authorized certification authority for the WAP Forum`s Product Certification Program. As one of the first gateway products to gain approval from the Open Group, certification of the Openwave Mobile Access Gateway highlights the company`s position as an industry innovator.
(Photo:http://www.newscom.com/cgi-bin/prnh/20001204/OPENWAVE )
The Open Group is the standards committee commissioned by the WAP Forum to create a suite of tests to verify a product`s compliance with WAP specifications and to ensure accurate test results from parties seeking approval of pending products. Openwave completed testing on January 12, 2001 and the Open Group announced certification of the Mobile Access Gateway March 1, 2001.
"Certification of the Mobile Access Gateway by the WAP Forum is a seal of approval ensuring quality and reinforcing Openwave`s position as the industry leader," said Bruce Martin, vice president of product development for Openwave. "As one of the first companies to complete certification testing, Openwave will be the more obvious choice for network operators looking for a comprehensive gateway solution."
The Openwave Mobile Access Gateway provides a comprehensive set of features and functionality required for network operators to host complete WAP solutions on their wireless voice and data networks. The Mobile Access Gateway is licensed by over 80 carriers worldwide, including BT, Sprint and KDDI, and provides access to wireless data services to over 12.1 million subscribers.
The Mobile Access Gateway is a robust solution for the industry, providing the protocol translation and optimization, security, activity tracking and administration tools needed to implement a powerful wireless Internet solution. The gateway also allows the carrier to support multiple airlink standards including CDMA, CDPD, GSM, iDEN, PDC, PHS and TDMA.
Connected Systems Announces iConnectMail Product Integration with Openwave Systems` InterMailEnabling Service Providers for the First Time to Deliver Enhanced Enterprise Unified Messaging Services
SANTA BARBARA, Calif., Mar 5, 2001 (BUSINESS WIRE) -- Connected Systems, a leading manufacturer of specialized voice processing and messaging products, today announced a strategic marketing partnership with, and accompanying investment from, Openwave Systems, the premier provider of infrastructure and application software enabling the delivery of messaging, directory and wireless Internet access across IP-based networks.
The partnership will deliver revenue and profit enhancing IP voicemail and unified messaging solutions for Service Providers to offer their enterprise clients, combining Connected`s iConnectMail customer premise voice messaging gateway with Openwave`s industry-leading InterMail and InterManager messaging infrastructure products. The combined solution enables Communications Service Providers to offer enhanced, business-class IP voicemail and unified messaging services that seamlessly integrate with existing enterprise telephone systems. iConnectMail, Teleconnect magazine`s voice messaging Product of the Year 2000, is the industry`s first solid-state, plug-and-play, IP-based voice messaging product that unifies voice and email message access and administration into a low-cost appliance. The product is specifically designed to meet the price, performance and reliability requirements of the outsourced, managed messaging services delivery market. The companies intend to jointly market and support their combined product offerings to leading service providers, facilitating the implementation of advanced multi-media messaging service offerings to their clients.
Implemented as the customer premise gateway to these enhanced SP-provisioned services, iConnectMail provides full-featured automatic attendant, voicemail and essential unified messaging features by directly interconnecting to the PBX or Key telephone system at the client`s location. The product captures, records, compresses, and efficiently transports messages to and from the carrier-scale directory and message store facilities provisioned with Openwave Systems` (formerly Software.com`s) InterMail and InterManager products. Supporting full LDAP-based centralized provisioning and administration of system and user account information, and IMAP-4 synchronization between the customer premise iConnectMail and central office InterMail message stores, the combined products offer the most powerful and versatile system for implementing advanced managed messaging services available today.
SANTA BARBARA, Calif., Mar 5, 2001 (BUSINESS WIRE) -- Connected Systems, a leading manufacturer of specialized voice processing and messaging products, today announced a strategic marketing partnership with, and accompanying investment from, Openwave Systems, the premier provider of infrastructure and application software enabling the delivery of messaging, directory and wireless Internet access across IP-based networks.
The partnership will deliver revenue and profit enhancing IP voicemail and unified messaging solutions for Service Providers to offer their enterprise clients, combining Connected`s iConnectMail customer premise voice messaging gateway with Openwave`s industry-leading InterMail and InterManager messaging infrastructure products. The combined solution enables Communications Service Providers to offer enhanced, business-class IP voicemail and unified messaging services that seamlessly integrate with existing enterprise telephone systems. iConnectMail, Teleconnect magazine`s voice messaging Product of the Year 2000, is the industry`s first solid-state, plug-and-play, IP-based voice messaging product that unifies voice and email message access and administration into a low-cost appliance. The product is specifically designed to meet the price, performance and reliability requirements of the outsourced, managed messaging services delivery market. The companies intend to jointly market and support their combined product offerings to leading service providers, facilitating the implementation of advanced multi-media messaging service offerings to their clients.
Implemented as the customer premise gateway to these enhanced SP-provisioned services, iConnectMail provides full-featured automatic attendant, voicemail and essential unified messaging features by directly interconnecting to the PBX or Key telephone system at the client`s location. The product captures, records, compresses, and efficiently transports messages to and from the carrier-scale directory and message store facilities provisioned with Openwave Systems` (formerly Software.com`s) InterMail and InterManager products. Supporting full LDAP-based centralized provisioning and administration of system and user account information, and IMAP-4 synchronization between the customer premise iConnectMail and central office InterMail message stores, the combined products offer the most powerful and versatile system for implementing advanced managed messaging services available today.
Brience and Openwave to Provide Wireless Internet Content and Services to 1.9 Million Movilnet Subscribers in VenezuelaWith Movilnet`s 40% Market Share, Brience Dominates Venezuelan Mobile Internet Market
SAN FRANCISCO, Mar 14, 2001 (BUSINESS WIRE) -- Brience(TM) Inc., one of the fastest-growing, global providers of mobile infrastructure software that powers the Adaptive Web(TM), today announced that Movilnet, a major Venezuelan wireless telecom carrier, has chosen Brience `s wireless infrastructure solution to provide wireless Internet and email services using the Openwave(TM) Mobile Access Gateway to Movilnet subscribers. Openwave Systems Inc. (Nasdaq: OPWV chart, msgs) is the worldwide leader of open IP-based communication infrastructure software and applications. Movilnet owns nearly 40 percent of the Venezuelan wireless market, serving nearly two million subscribers who can now easily access the Internet, retrieve e-mail and conduct Web-based transactions directly from their Internet appliances.
"With the Brience solution, our customers enjoy `always on` wireless Internet and e-mail access without having to pay for it every minute -- this is a huge advantage for them and is really what the Web is all about," said Jose Gil, business research director at Movilnet. "Further, with the Openwave technology we were able to deliver this new solution to our customers in a matter of weeks. In a rapidly expanding and competitive wireless market like ours in Venezuela, this quick implementation and ongoing 24x7 support was key for us."
Brience`s entrance into Venezuela`s wireless market further expands the company`s presence in Latin America. Brience recently announced that it is also providing wireless Internet access using Openwave`s gateway to COMCEL subscribers in Colombia and SmartCom subscribers in Chile.
"Movilnet`s decision to use Brience is a strong testament to the scalability and reliability of our infrastructure software platform," said Keyur Patel, chief strategy officer of Brience. "Subscribers must be able to wirelessly access the Internet when and how they want, and Movilnet must be able to deliver the same high quality of service as its customer base continues to grow and expand. Brience, through Openwave, makes that possible."
"Working with Brience has enabled Openwave to reach an even broader base of wireless network operators in Latin America," said Mike Mulica, senior vice president of worldwide operations for Openwave. "Our relationship enables network operators such as Movilnet to maximize the benefits of offering mobile Internet services while minimizing upfront costs."
SAN FRANCISCO, Mar 14, 2001 (BUSINESS WIRE) -- Brience(TM) Inc., one of the fastest-growing, global providers of mobile infrastructure software that powers the Adaptive Web(TM), today announced that Movilnet, a major Venezuelan wireless telecom carrier, has chosen Brience `s wireless infrastructure solution to provide wireless Internet and email services using the Openwave(TM) Mobile Access Gateway to Movilnet subscribers. Openwave Systems Inc. (Nasdaq: OPWV chart, msgs) is the worldwide leader of open IP-based communication infrastructure software and applications. Movilnet owns nearly 40 percent of the Venezuelan wireless market, serving nearly two million subscribers who can now easily access the Internet, retrieve e-mail and conduct Web-based transactions directly from their Internet appliances.
"With the Brience solution, our customers enjoy `always on` wireless Internet and e-mail access without having to pay for it every minute -- this is a huge advantage for them and is really what the Web is all about," said Jose Gil, business research director at Movilnet. "Further, with the Openwave technology we were able to deliver this new solution to our customers in a matter of weeks. In a rapidly expanding and competitive wireless market like ours in Venezuela, this quick implementation and ongoing 24x7 support was key for us."
Brience`s entrance into Venezuela`s wireless market further expands the company`s presence in Latin America. Brience recently announced that it is also providing wireless Internet access using Openwave`s gateway to COMCEL subscribers in Colombia and SmartCom subscribers in Chile.
"Movilnet`s decision to use Brience is a strong testament to the scalability and reliability of our infrastructure software platform," said Keyur Patel, chief strategy officer of Brience. "Subscribers must be able to wirelessly access the Internet when and how they want, and Movilnet must be able to deliver the same high quality of service as its customer base continues to grow and expand. Brience, through Openwave, makes that possible."
"Working with Brience has enabled Openwave to reach an even broader base of wireless network operators in Latin America," said Mike Mulica, senior vice president of worldwide operations for Openwave. "Our relationship enables network operators such as Movilnet to maximize the benefits of offering mobile Internet services while minimizing upfront costs."
Trading Spotlight
Telephia Teams with Openwave to Develop Mobile Internet Benchmarking SystemWireless Pioneers Will Work Together to Enhance Telephia`s Wireless Data Quality of Service Solution
SAN FRANCISCO, Apr 2, 2001 (BUSINESS WIRE) -- Telephia, Inc., the leading provider of mission-critical data and intelligence for the wireless industry, today announced that it has entered into an agreement with Openwave Systems Inc. to develop Telephia`s new continuous, end-to-end, quality-of-service measurement system for wireless data networks.
Openwave is the worldwide leader of open IP-based communication infrastructure software and applications. In accordance with the agreement, Telephia is licensing the Openwave(TM) Mobile Browser (formerly known as the UP.Browser(TM) microbrowser) in order to develop and deploy its wireless data quality of service solution.
Telephia`s initial quality of service solution will be offered in leading U.S. markets on a trial basis in mid-2001. The service will provide continuous measurements of wireless Internet performance, including connection times, site accessibility, download speed, transaction times and success rates. This end-to-end measurement system will for the first time provide an understanding of the actual subscriber experiences with regard to specific wireless Web sites and how performance compares across service providers, markets, locations and times of day. Telephia`s approach will provide the flexibility to benchmark the sites of its wireless industry clients as well as those of their competitors, adding a unique and necessary understanding of the actual user experience. Openwave`s Mobile Browser is the fundamental technology used in this quality of service solution, providing the scalable, highly predictable, and dynamic device-to-network connectivity which enables these measurements to be made.
Openwave Systems: Excelcomindo launches first wireless Internet service in IndonesiaCarrier achieves quick time-to-market with Openwave commercial WAP platform
Apr 04, 2001 (M2 PRESSWIRE via COMTEX) -- Openwave Systems Inc., the worldwide leader of open IP-based communications infrastructure software and applications, today announced that PT Excelcomindo, Indonesia`s third largest mobile carrier, will use the Openwave Mobile Access Gateway to provide the first wireless Internet service offering by a cellular carrier in Indonesia. The service will run on its GSM networks using a complete solution comprised of all WAP-based infrastructure components and applications.
This new service, branded as "proXL W@P", enables PT. Excelcomindo`s excelcom subscribers to access a broad range of WAP-based wireless Internet services, including email, personal information management services, such as personal organisers and calendaring functions, as well as sports scores, weather forecasts and driving directions. The service also provides such localised content as financial news through IndoExchange and Makindo CyberTrade, search capabilities through LycosAsia and Yahoo!, travel and reservation services through Trvlwap.com, package tracking services through DHL and FedEx, and entertainment information.
"Excelcomindo is a true leader in being first to market innovative communications solutions in Indonesia, " said Agung Laksono, General Manager of Value Added Services at Excelcomindo. "With Openwave`s robust product offering, we were able to quickly deliver key wireless data solutions that meets our rapidly growing customer base needs."
Excelcomindo chose the Openwave solution for its scalability and carrier-grade reliability. Using this WAP platform, Excelcomindo has the flexibility to accommodate new applications and growth, while leading the charge in the Indonesian wireless Internet market.
SAN FRANCISCO, Apr 2, 2001 (BUSINESS WIRE) -- Telephia, Inc., the leading provider of mission-critical data and intelligence for the wireless industry, today announced that it has entered into an agreement with Openwave Systems Inc. to develop Telephia`s new continuous, end-to-end, quality-of-service measurement system for wireless data networks.
Openwave is the worldwide leader of open IP-based communication infrastructure software and applications. In accordance with the agreement, Telephia is licensing the Openwave(TM) Mobile Browser (formerly known as the UP.Browser(TM) microbrowser) in order to develop and deploy its wireless data quality of service solution.
Telephia`s initial quality of service solution will be offered in leading U.S. markets on a trial basis in mid-2001. The service will provide continuous measurements of wireless Internet performance, including connection times, site accessibility, download speed, transaction times and success rates. This end-to-end measurement system will for the first time provide an understanding of the actual subscriber experiences with regard to specific wireless Web sites and how performance compares across service providers, markets, locations and times of day. Telephia`s approach will provide the flexibility to benchmark the sites of its wireless industry clients as well as those of their competitors, adding a unique and necessary understanding of the actual user experience. Openwave`s Mobile Browser is the fundamental technology used in this quality of service solution, providing the scalable, highly predictable, and dynamic device-to-network connectivity which enables these measurements to be made.
Openwave Systems: Excelcomindo launches first wireless Internet service in IndonesiaCarrier achieves quick time-to-market with Openwave commercial WAP platform
Apr 04, 2001 (M2 PRESSWIRE via COMTEX) -- Openwave Systems Inc., the worldwide leader of open IP-based communications infrastructure software and applications, today announced that PT Excelcomindo, Indonesia`s third largest mobile carrier, will use the Openwave Mobile Access Gateway to provide the first wireless Internet service offering by a cellular carrier in Indonesia. The service will run on its GSM networks using a complete solution comprised of all WAP-based infrastructure components and applications.
This new service, branded as "proXL W@P", enables PT. Excelcomindo`s excelcom subscribers to access a broad range of WAP-based wireless Internet services, including email, personal information management services, such as personal organisers and calendaring functions, as well as sports scores, weather forecasts and driving directions. The service also provides such localised content as financial news through IndoExchange and Makindo CyberTrade, search capabilities through LycosAsia and Yahoo!, travel and reservation services through Trvlwap.com, package tracking services through DHL and FedEx, and entertainment information.
"Excelcomindo is a true leader in being first to market innovative communications solutions in Indonesia, " said Agung Laksono, General Manager of Value Added Services at Excelcomindo. "With Openwave`s robust product offering, we were able to quickly deliver key wireless data solutions that meets our rapidly growing customer base needs."
Excelcomindo chose the Openwave solution for its scalability and carrier-grade reliability. Using this WAP platform, Excelcomindo has the flexibility to accommodate new applications and growth, while leading the charge in the Indonesian wireless Internet market.
Openwave Forms Partnership With Shanghai Telecom
Shanghai Online, One of China`s Largest ISPs, Selects Openwave Email Mx Messaging Platform for Rapidly Growing Chinese Market
REDWOOD CITY, Calif., Apr 17, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open IP-based communication infrastructure software and applications, today announced that Shanghai Telecom Corporation, which runs Shanghai Online, one of the largest ISPs in China, has selected the Openwave(TM) Email Mx solution for its pay-for-subscription email messaging platform. An important element of the Openwave(TM) Service OSTM solution, Email Mx is an immediate revenue-generating solution for Shanghai Telecom, which has over 800,000 registered subscribers. Over 40% of Shanghai Online`s registered subscribers pay for its email service. Openwave`s technology was chosen as the premier messaging platform to replace other international and domestic messaging solutions providers. The Openwave Email Mx carrier-class platform architecture is designed to meet the demands of the booming messaging market in China while providing a solid foundation to integrate intelligent network services such as unified communications and mobile communications applications. Openwave enables communication service providers to build seamless migration paths from their current network configurations to the promise of next generation networks.
KG Telecom Selects Openwave to Deliver GPRS Wireless Internet Services In Taiwan
Openwave`s Product Quality, Rapid Time-to-Market, and Mobile Internet Vision Key in Selection Criteria
REDWOOD CITY, Calif. and TAIPEI, Taiwan, Apr 17, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open IP-based communications infrastructure software and applications, and KG Telecommunications Co., Ltd., Taiwan`s leading telecommunication visionary in cellular products and services, today announced that KG Telecom has selected Openwave to expand its current gateway capacity in order to offer a wider range of innovative mobile Internet services over its GSM 1800 MHz network. In addition, KG Telecom will deploy the next generation Openwave(TM) Mobile Access Gateway 5.0, which will support its GPRS network. NTT DoCoMo, which recently took a 20% stake in KG Telecom, will work with the company to combine the successful business model and marketing expertise of i-mode-like services with the powerful and robust Openwave(TM) Services OS WAP-based platform. KG Telecom is the latest of NTT DoCoMo`s four global partners to employ this superior combination of content strategy and best of class technology. Openwave`s proven scalability, reliability and rapid time to market, enabled by its Consulting Services team, were key factors in KG Telecom`s decision.
Shanghai Online, One of China`s Largest ISPs, Selects Openwave Email Mx Messaging Platform for Rapidly Growing Chinese Market
REDWOOD CITY, Calif., Apr 17, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open IP-based communication infrastructure software and applications, today announced that Shanghai Telecom Corporation, which runs Shanghai Online, one of the largest ISPs in China, has selected the Openwave(TM) Email Mx solution for its pay-for-subscription email messaging platform. An important element of the Openwave(TM) Service OSTM solution, Email Mx is an immediate revenue-generating solution for Shanghai Telecom, which has over 800,000 registered subscribers. Over 40% of Shanghai Online`s registered subscribers pay for its email service. Openwave`s technology was chosen as the premier messaging platform to replace other international and domestic messaging solutions providers. The Openwave Email Mx carrier-class platform architecture is designed to meet the demands of the booming messaging market in China while providing a solid foundation to integrate intelligent network services such as unified communications and mobile communications applications. Openwave enables communication service providers to build seamless migration paths from their current network configurations to the promise of next generation networks.
KG Telecom Selects Openwave to Deliver GPRS Wireless Internet Services In Taiwan
Openwave`s Product Quality, Rapid Time-to-Market, and Mobile Internet Vision Key in Selection Criteria
REDWOOD CITY, Calif. and TAIPEI, Taiwan, Apr 17, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open IP-based communications infrastructure software and applications, and KG Telecommunications Co., Ltd., Taiwan`s leading telecommunication visionary in cellular products and services, today announced that KG Telecom has selected Openwave to expand its current gateway capacity in order to offer a wider range of innovative mobile Internet services over its GSM 1800 MHz network. In addition, KG Telecom will deploy the next generation Openwave(TM) Mobile Access Gateway 5.0, which will support its GPRS network. NTT DoCoMo, which recently took a 20% stake in KG Telecom, will work with the company to combine the successful business model and marketing expertise of i-mode-like services with the powerful and robust Openwave(TM) Services OS WAP-based platform. KG Telecom is the latest of NTT DoCoMo`s four global partners to employ this superior combination of content strategy and best of class technology. Openwave`s proven scalability, reliability and rapid time to market, enabled by its Consulting Services team, were key factors in KG Telecom`s decision.
Openwave Reports Record Revenues
Quarterly Revenues Increase 19% Sequentially to $130 Million; Company Earns $0.09 Per Share on a Pro Forma Basis
REDWOOD CITY, Calif., Apr 18, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open, IP-based communications infrastructure software and applications, today announced record revenues for the third fiscal quarter ended March 31, 2001.
(Photo:http://www.newscom.com/cgi-bin/prnh/20001204/OPENWAVE )
Third fiscal quarter revenues increased approximately 19 percent to $130.0 million from $109.7 million in the second quarter of fiscal 2001, and 235 percent from $38.8 million in the comparable period a year earlier. Revenues for the nine months ended March 31, 2001 increased 260 percent to $320.6 million from $89.1 million for the comparable period ended March 31, 2000.
Pro forma earnings for the third fiscal quarter were $16.3 million, or $0.09 per diluted share, excluding merger and acquisition-related charges, stock-based compensation and unrealized losses on non-marketable equity securities. The pro forma diluted earnings per share number is based on 177.8 million weighted average shares outstanding.
As of March 31, 2001, the Company had cash, cash equivalents and short-term investments of $360.4 million, excluding $20.7 million set aside as restricted cash, total assets of $1.83 billion and stockholders` equity of $1.68 billion.
"Openwave delivered a record quarter as the mobile Internet continued its global expansion," said Don Listwin, President and Chief Executive Officer. "We met expectations, maintained pro forma profitability and passed a major growth milestone by achieving a run rate of over half a billion dollars in annualized revenues."
Net loss for the third fiscal quarter including merger and acquisition-related charges, stock-based compensation and unrealized losses on non-marketable equity securities was $151.2 million, or $0.91 per basic and diluted share, compared to a net loss of $228.6 million, or $1.38 per basic and diluted share for the quarter ended December 31, 2000, and a net loss of $77.5 million, or $0.56 per basic and diluted share for the third quarter in the prior fiscal year.
The Company benefited from strong wireless subscriber additions throughout the third quarter, as consumers around the world signed up for mobile Internet services. Total active mobile subscribers using Openwave products grew by 5.3 million to over 17.4 million at the end of March 2001 up from 12.1 million at the end of December 2000. This growth was evident on a global basis as the Company saw strong results from leading carriers in Japan, the Asia Pacific region, the Americas, and Europe. Additionally, with the signing of KG Telecom, Openwave has secured customer relationships with four of NTT DoCoMo`s iMODE partners including AT&T Wireless, Hutchison Telecom, and Telecom Italia Mobile.
Openwave`s messaging business continued to gain global momentum, as licensed subscribers reached an industry leading 175.9 million seats, at the end of March, with activated seats at 108.7 million. As a key component of the Services OS, the Openwave messaging platform has been recognized by leading carriers as a critical technology for the next generation of messaging services as illustrated by the 37 carriers, which have each licensed over 1 million seats.
New product announcements in the fiscal third quarter included the launch of the Openwave Services OS, a suite of open, IP-based mobile Internet software that enables mobile operators to rapidly deploy new revenue-generating services while providing mobile subscribers with a more compelling, easy-to-use, and personalized mobile Internet experience. Additionally, Openwave launched its new Mobile Access Gateway 5.0 and Next Generation Browser, as well as an end-to-end set of location services.
Financial Outlook
The following statements are forward looking and actual results may differ materially due to factors noted below, among others.
For the remainder of calendar year 2001, Openwave`s outlook is that quarterly revenues will continue to grow at 10 to 20 percent sequentially, resulting in calendar year 2001 revenues of approximately $640 million and pro forma earnings per share of approximately $0.46, excluding merger and acquisition-related charges, stock-based compensation and unrealized losses on non-marketable equity securities. The Company`s outlook is that gross profit will range between 79 and 81 percent for the calendar year 2001.
The Company`s pro forma operating profit excluding merger and acquisition-related charges and stock-based compensation was 11.6 percent for the third fiscal quarter of 2001. The Company intends to continue to improve its pro forma operating profit through calendar year 2001, with a targeted pro forma operating profit of approximately 13 percent by the fourth calendar quarter of 2001.
Quarterly Revenues Increase 19% Sequentially to $130 Million; Company Earns $0.09 Per Share on a Pro Forma Basis
REDWOOD CITY, Calif., Apr 18, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open, IP-based communications infrastructure software and applications, today announced record revenues for the third fiscal quarter ended March 31, 2001.
(Photo:http://www.newscom.com/cgi-bin/prnh/20001204/OPENWAVE )
Third fiscal quarter revenues increased approximately 19 percent to $130.0 million from $109.7 million in the second quarter of fiscal 2001, and 235 percent from $38.8 million in the comparable period a year earlier. Revenues for the nine months ended March 31, 2001 increased 260 percent to $320.6 million from $89.1 million for the comparable period ended March 31, 2000.
Pro forma earnings for the third fiscal quarter were $16.3 million, or $0.09 per diluted share, excluding merger and acquisition-related charges, stock-based compensation and unrealized losses on non-marketable equity securities. The pro forma diluted earnings per share number is based on 177.8 million weighted average shares outstanding.
As of March 31, 2001, the Company had cash, cash equivalents and short-term investments of $360.4 million, excluding $20.7 million set aside as restricted cash, total assets of $1.83 billion and stockholders` equity of $1.68 billion.
"Openwave delivered a record quarter as the mobile Internet continued its global expansion," said Don Listwin, President and Chief Executive Officer. "We met expectations, maintained pro forma profitability and passed a major growth milestone by achieving a run rate of over half a billion dollars in annualized revenues."
Net loss for the third fiscal quarter including merger and acquisition-related charges, stock-based compensation and unrealized losses on non-marketable equity securities was $151.2 million, or $0.91 per basic and diluted share, compared to a net loss of $228.6 million, or $1.38 per basic and diluted share for the quarter ended December 31, 2000, and a net loss of $77.5 million, or $0.56 per basic and diluted share for the third quarter in the prior fiscal year.
The Company benefited from strong wireless subscriber additions throughout the third quarter, as consumers around the world signed up for mobile Internet services. Total active mobile subscribers using Openwave products grew by 5.3 million to over 17.4 million at the end of March 2001 up from 12.1 million at the end of December 2000. This growth was evident on a global basis as the Company saw strong results from leading carriers in Japan, the Asia Pacific region, the Americas, and Europe. Additionally, with the signing of KG Telecom, Openwave has secured customer relationships with four of NTT DoCoMo`s iMODE partners including AT&T Wireless, Hutchison Telecom, and Telecom Italia Mobile.
Openwave`s messaging business continued to gain global momentum, as licensed subscribers reached an industry leading 175.9 million seats, at the end of March, with activated seats at 108.7 million. As a key component of the Services OS, the Openwave messaging platform has been recognized by leading carriers as a critical technology for the next generation of messaging services as illustrated by the 37 carriers, which have each licensed over 1 million seats.
New product announcements in the fiscal third quarter included the launch of the Openwave Services OS, a suite of open, IP-based mobile Internet software that enables mobile operators to rapidly deploy new revenue-generating services while providing mobile subscribers with a more compelling, easy-to-use, and personalized mobile Internet experience. Additionally, Openwave launched its new Mobile Access Gateway 5.0 and Next Generation Browser, as well as an end-to-end set of location services.
Financial Outlook
The following statements are forward looking and actual results may differ materially due to factors noted below, among others.
For the remainder of calendar year 2001, Openwave`s outlook is that quarterly revenues will continue to grow at 10 to 20 percent sequentially, resulting in calendar year 2001 revenues of approximately $640 million and pro forma earnings per share of approximately $0.46, excluding merger and acquisition-related charges, stock-based compensation and unrealized losses on non-marketable equity securities. The Company`s outlook is that gross profit will range between 79 and 81 percent for the calendar year 2001.
The Company`s pro forma operating profit excluding merger and acquisition-related charges and stock-based compensation was 11.6 percent for the third fiscal quarter of 2001. The Company intends to continue to improve its pro forma operating profit through calendar year 2001, with a targeted pro forma operating profit of approximately 13 percent by the fourth calendar quarter of 2001.
One 2 One Buys Openwave`s Wireless Internet Software for Its GSM and 2.5G Networks
REDWOOD CITY, Calif., May 2, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), a worldwide leader of open IP-based communications infrastructure software and applications, today announced that One 2 One, the UK mobile communications network, has purchased Openwave`s Enhanced Services to complement the Openwave(TM) Mobile Access Gateway as it upgrades from its current network to its 2.5G GPRS network.
(Photo:http://www.newscom.com/cgi-bin/prnh/19990921/MACRLOGO )
One 2 One has been working with Openwave since June 2000 -- successfully leveraging the Openwave Mobile Access Gateway to offer a wide range of compelling mobile Internet services to its customers. The license extension for Enhanced Services enables One 2 One to offer intelligent, innovative, and richer mobile data services more quickly -- personalizing the mobile Internet experience for today`s subscribers and future subscribers.
"We are delighted to extend our relationship with Openwave," said Jens Denecke, Chief Technical Officer, One 2 One. "We are continuing to grow our service offerings to our customers through the expanded capabilities of Openwave`s Enhanced Services Platform."
The modular IP-based design of the Openwave Services OS platform, which includes the Mobile Access Gateway and Enhanced Services, enables Communications Service Providers (CSPs), such as One 2 One, to rapidly deploy additional revenue generating services like unified messaging, mobile email, voicemail, presence and location-based applications. Products such as the Enhanced Services help to increase the intelligence of the network and enable CSPs to improve efficiency of customer and network management while providing permissions-based, private information to deliver more personalized services to subscribers.
"Openwave is pleased to expand our relationship with One 2 One as the go-to-market provider of all the key tools and technology to enable them to truly benefit from the capabilities and the potential of the mobile Internet. We are committed to the success of One 2 One by empowering them with high value services and applications to help them attract, retain and grow their subscribers base," commented Mike Mulica, senior vice president of worldwide operations for Openwave. "The Openwave Services OS gives One 2 One an advantage not just for today, but also for sustainable revenue development in the future as we offer new products such as unified messaging and other voice-centric applications."
About Openwave
Openwave Systems, Inc. is a worldwide leader of open IP-based communication infrastructure software and applications. Openwave is a global company headquartered in Redwood City, California. For more information please visit www.openwave.com.
About One 2 One
The One 2 One service covers in excess of 98% of Great Britain`s population and is available in 97 territories on five continents through roaming agreements with 221 operators. Current roaming destinations include all European Union member states, the United States and Canada, Australia, New Zealand, China, Hong Kong, Singapore, South Africa and Saudi Arabia. For a full list of current roaming partners visit the One 2 One website.
Total customer base as at 31st March 2001 was 8,980,878, giving One 2 One a 20.7% share of the market. Pre-pay base was 7,146,236 customers, 79% of the total base.
656,578 net customer additions occurred in the quarter January - March 2001. The One 2 One network currently handles over 285 million calls each week.
One 2 One is a wholly owned subsidiary of Deutsche Telekom AG, Germany. One 2 One has been fully consolidated in Deutsche Telekom`s financial statements as of October 1 1999, the date on which the purchase of One 2 One was completed.
Deutsche Telekom, with revenues of Euros 40.9 billion in 2000, is the World`s fourth largest telecommunications company.
This release contains forward-looking statements relating to expectations, plans or prospects for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave`s management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (a) risks associated with the development and licensing of software generally, including potential delays in software development and technical difficulties that may be encountered in the development or use of the Company`s software;(b) the ability to successfully partner with other companies; (c) competition and technological changes and developments; and d) general risks of the Internet and wireless and wireline telecommunications sectors.
REDWOOD CITY, Calif., May 2, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), a worldwide leader of open IP-based communications infrastructure software and applications, today announced that One 2 One, the UK mobile communications network, has purchased Openwave`s Enhanced Services to complement the Openwave(TM) Mobile Access Gateway as it upgrades from its current network to its 2.5G GPRS network.
(Photo:http://www.newscom.com/cgi-bin/prnh/19990921/MACRLOGO )
One 2 One has been working with Openwave since June 2000 -- successfully leveraging the Openwave Mobile Access Gateway to offer a wide range of compelling mobile Internet services to its customers. The license extension for Enhanced Services enables One 2 One to offer intelligent, innovative, and richer mobile data services more quickly -- personalizing the mobile Internet experience for today`s subscribers and future subscribers.
"We are delighted to extend our relationship with Openwave," said Jens Denecke, Chief Technical Officer, One 2 One. "We are continuing to grow our service offerings to our customers through the expanded capabilities of Openwave`s Enhanced Services Platform."
The modular IP-based design of the Openwave Services OS platform, which includes the Mobile Access Gateway and Enhanced Services, enables Communications Service Providers (CSPs), such as One 2 One, to rapidly deploy additional revenue generating services like unified messaging, mobile email, voicemail, presence and location-based applications. Products such as the Enhanced Services help to increase the intelligence of the network and enable CSPs to improve efficiency of customer and network management while providing permissions-based, private information to deliver more personalized services to subscribers.
"Openwave is pleased to expand our relationship with One 2 One as the go-to-market provider of all the key tools and technology to enable them to truly benefit from the capabilities and the potential of the mobile Internet. We are committed to the success of One 2 One by empowering them with high value services and applications to help them attract, retain and grow their subscribers base," commented Mike Mulica, senior vice president of worldwide operations for Openwave. "The Openwave Services OS gives One 2 One an advantage not just for today, but also for sustainable revenue development in the future as we offer new products such as unified messaging and other voice-centric applications."
About Openwave
Openwave Systems, Inc. is a worldwide leader of open IP-based communication infrastructure software and applications. Openwave is a global company headquartered in Redwood City, California. For more information please visit www.openwave.com.
About One 2 One
The One 2 One service covers in excess of 98% of Great Britain`s population and is available in 97 territories on five continents through roaming agreements with 221 operators. Current roaming destinations include all European Union member states, the United States and Canada, Australia, New Zealand, China, Hong Kong, Singapore, South Africa and Saudi Arabia. For a full list of current roaming partners visit the One 2 One website.
Total customer base as at 31st March 2001 was 8,980,878, giving One 2 One a 20.7% share of the market. Pre-pay base was 7,146,236 customers, 79% of the total base.
656,578 net customer additions occurred in the quarter January - March 2001. The One 2 One network currently handles over 285 million calls each week.
One 2 One is a wholly owned subsidiary of Deutsche Telekom AG, Germany. One 2 One has been fully consolidated in Deutsche Telekom`s financial statements as of October 1 1999, the date on which the purchase of One 2 One was completed.
Deutsche Telekom, with revenues of Euros 40.9 billion in 2000, is the World`s fourth largest telecommunications company.
This release contains forward-looking statements relating to expectations, plans or prospects for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave`s management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (a) risks associated with the development and licensing of software generally, including potential delays in software development and technical difficulties that may be encountered in the development or use of the Company`s software;(b) the ability to successfully partner with other companies; (c) competition and technological changes and developments; and d) general risks of the Internet and wireless and wireline telecommunications sectors.
Network Appliance and Openwave Systems combine messaging and storage technologies
Apr 26, 2001 (TELECOMWORLDWIRE via COMTEX) -- Network Appliance Inc and Openwave Systems Inc have teamed up to deliver a scalable collaborative messaging platform to communication service providers.
Under the partnership the companies will combine Openwave`s messaging products with Network Appliance`s NetApp storage solutions. The joint platform is designed to support millions of users and their messaging requirements.
Openwave`s Email Mx will be the first product to be certified for use with the NetApp data storage solution. The combined system is available immediately.
Apr 26, 2001 (TELECOMWORLDWIRE via COMTEX) -- Network Appliance Inc and Openwave Systems Inc have teamed up to deliver a scalable collaborative messaging platform to communication service providers.
Under the partnership the companies will combine Openwave`s messaging products with Network Appliance`s NetApp storage solutions. The joint platform is designed to support millions of users and their messaging requirements.
Openwave`s Email Mx will be the first product to be certified for use with the NetApp data storage solution. The combined system is available immediately.
Openwave CEO reiterates outlook
Listwin believes mobile Net will mature in U.S. last
By Michael Baron, CBS.MarketWatch.com
Last Update: 4:08 PM ET May 21, 2001
NEW YORK (CBS.MW) - Don Listwin sees opportunity in the declining margins in wireless voice traffic over telecommunications networks.
"It`s risky to build new networks with average revenue per user down and price wars to woo users eroding margins," Listwin, the chief executive officer and president of Openwave Systems (OPWV: news, msgs, alerts) , told analysts and money managers at Lehman Bros. Next Generation Wireless Conference in New York Monday. "The carriers are looking for ways to monetize data traffic and that`s where we fit in."
For this reason, he said the timeline for development of the third-generation networks is immaterial to Openwave`s success.
Noting that the summer is seasonally slow, Listwin also reiterated Openwave`s expectation of sequential revenue growth of 10 to 20 percent in the June quarter from the March quarter`s $130 million total, resulting in operating profit growth of 14 percent for fiscal 2001 ending June 30.
Based in Redwood City, Calif., Openwave develops open Internet-protocol based communications infrastructure software.
Listwin believes the company`s products - which enable Web browsing, messaging and electronic commerce among other applications - will have an addressable global market of roughly $14 billion by 2005 if current predictions for the growth of the mobile Internet are borne out. One interesting aspect of the development of this market, according to Listwin, is that it will mature in North America last.
"Japan is, by far, the leader, and we expect the rest of the Asia/Pacific region to follow with Europe next," said Listwin. "Unlike other technologies, the U.S. and North America will be last to adopt because at present, the service is so poor."
The most promising areas for applications, Listwin said, are messaging and entertainment. He called Monday`s wireless instant messaging alliance of VoiceStream (VSTR: news, msgs, alerts) and America Online (AOL: news, msgs, alerts) , a positive sign that demonstrates enthusiasm for this kind of service.
Asked about wireless commerce and the recent dimming of its prospects, Listwin said the current reluctance of consumers to make purchases via a mobile phone is more cultural than technical.
"It took me twenty years to get my mother to use an ATM," he quipped. "We don`t see mobile commerce as a key driver for a couple of years and it`s not prevalent in our current model."
Listwin believes mobile Net will mature in U.S. last
By Michael Baron, CBS.MarketWatch.com
Last Update: 4:08 PM ET May 21, 2001
NEW YORK (CBS.MW) - Don Listwin sees opportunity in the declining margins in wireless voice traffic over telecommunications networks.
"It`s risky to build new networks with average revenue per user down and price wars to woo users eroding margins," Listwin, the chief executive officer and president of Openwave Systems (OPWV: news, msgs, alerts) , told analysts and money managers at Lehman Bros. Next Generation Wireless Conference in New York Monday. "The carriers are looking for ways to monetize data traffic and that`s where we fit in."
For this reason, he said the timeline for development of the third-generation networks is immaterial to Openwave`s success.
Noting that the summer is seasonally slow, Listwin also reiterated Openwave`s expectation of sequential revenue growth of 10 to 20 percent in the June quarter from the March quarter`s $130 million total, resulting in operating profit growth of 14 percent for fiscal 2001 ending June 30.
Based in Redwood City, Calif., Openwave develops open Internet-protocol based communications infrastructure software.
Listwin believes the company`s products - which enable Web browsing, messaging and electronic commerce among other applications - will have an addressable global market of roughly $14 billion by 2005 if current predictions for the growth of the mobile Internet are borne out. One interesting aspect of the development of this market, according to Listwin, is that it will mature in North America last.
"Japan is, by far, the leader, and we expect the rest of the Asia/Pacific region to follow with Europe next," said Listwin. "Unlike other technologies, the U.S. and North America will be last to adopt because at present, the service is so poor."
The most promising areas for applications, Listwin said, are messaging and entertainment. He called Monday`s wireless instant messaging alliance of VoiceStream (VSTR: news, msgs, alerts) and America Online (AOL: news, msgs, alerts) , a positive sign that demonstrates enthusiasm for this kind of service.
Asked about wireless commerce and the recent dimming of its prospects, Listwin said the current reluctance of consumers to make purchases via a mobile phone is more cultural than technical.
"It took me twenty years to get my mother to use an ATM," he quipped. "We don`t see mobile commerce as a key driver for a couple of years and it`s not prevalent in our current model."
Openwave Reports Results for Fourth Quarter and Fiscal Year 2001
Fiscal Year Revenues Increase 218 Percent to $465 Million Management Reaffirms Profitability Outlook for Calendar Year 2001
REDWOOD CITY, Calif., Jul 23, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open, IP-based communications infrastructure software and applications, today announced results for the fourth fiscal quarter and fiscal year ended June 30, 2001.
(Photo:http://www.newscom.com/cgi-bin/prnh/20001204/OPENWAVE )
Fourth fiscal quarter revenues increased approximately 11 percent to $144.7 million from $130.0 million in the third quarter of fiscal 2001, and 153 percent from $57.3 million in the comparable period a year earlier. Revenues for the twelve months ended June 30, 2001, increased 218 percent to $465.3 million from $146.4 million for the comparable period ended June 30, 2000.
Deferred revenue was $90.3 million as of June 30, 2001, an increase of $8.3 million from the third fiscal quarter.
Pro forma earnings for the fourth fiscal quarter were $19.2 million, or $0.11 per diluted share, and for the fiscal year were $45.4 million, or $0.25 per diluted share, excluding merger and acquisition-related charges and stock-based compensation. The pro forma earnings per share number is based on 177.1 million weighted average diluted shares outstanding for the fourth fiscal quarter and 182.2 million weighted average diluted shares outstanding for the fiscal year ended June 30, 2001.
The Company achieved $14.6 million of positive cash flows from operations for the fiscal quarter. As of June 30, 2001, the Company had cash, cash equivalents, short-term and long-term investments of $369.7 million, excluding $20.7 million set aside as restricted cash, total assets of $1.73 billion and stockholders` equity of $1.56 billion.
"I`m pleased we have achieved our objectives for the fiscal year. We have executed well within a difficult environment," said Don Listwin, Chairman, President and Chief Executive Officer. "We continue to lead in the adoption of the mobile Internet globally."
Net loss for the fourth fiscal quarter including merger and acquisition-related charges and stock-based compensation was $142.2 million, or $0.84 per basic and diluted share, compared to a net loss of $151.2 million, or $0.91 per basic and diluted share for the quarter ended March 31, 2001, and a net loss of $177.4 million, or $1.13 per basic and diluted share for the fourth quarter in the prior fiscal year.
Net loss for the fiscal year ended June 30, 2001, including merger and acquisition-related charges and stock-based compensation was $690.0 million, or $4.17 per basic and diluted share, compared to a net loss of $288.3 million, or $2.06 per basic and diluted share, for the fiscal year ended June 30, 2000.
Total active mobile subscribers grew by 4.2 million to over 21.6 million at the end of June 2001, up from 17.4 million at the end of March 2001. Mobile subscriber growth was impacted by slower subscriber growth in the highly penetrated Japanese market and by the conversion of large carrier customers to contracts with higher subscriber activation and usage thresholds. Openwave`s messaging business continued to grow, as licensed subscribers reached an industry leading 180.9 million seats, at the end of June, with activated seats at 118.5 million highlighted by the 37 carriers which have each licensed over 1 million seats.
Of particular significance during the fourth quarter, the Company announced its support of the GSM Association`s Mobile Services Initiative (M-Services). This initiative was created to accelerate deployment and adoption of mobile Internet services within the GSM community this year. Openwave is contributing two key components: first, WML extensions enabling a highly intuitive graphical user interface (GUI), and second, an end-to-end architecture, called Download Fun, supporting the secure download of consumer-oriented content, such as ring tones, images and wallpapers.
Financial Outlook
The following statements are forward looking and actual results may differ materially due to factors noted below, among others.
Management`s outlook since the beginning of calendar 2001 has been that quarterly revenues would grow 10 to 20 percent sequentially. For the quarter ending September 30, 2001, Openwave`s outlook is that seasonal growth patterns in its served wireless markets will result in quarterly revenues increasing at the low end of this range. For the quarter ending December 31, 2001, the Company`s outlook is that revenues will grow by 10 to 20 percent sequentially, with the higher rate of growth contingent upon anticipated seasonal growth patterns that impact wireless markets around the holiday season, as well as M-Services and other growth opportunities.
The Company`s pro forma earnings per share outlook for calendar year 2001 remains unchanged at approximately $0.43, excluding merger and acquisition-related charges and stock-based compensation. The Company`s outlook is that gross profit will range between 81 and 83 percent for the remainder of calendar year 2001.
The Company`s pro forma operating profit excluding merger and acquisition-related charges and stock-based compensation was 13 percent for the fourth fiscal quarter of 2001. The Company`s targeted pro forma operating profit is now approximately 14 percent by the fourth calendar quarter of 2001.
Editors Note: Openwave Systems Inc. has scheduled a conference call for 5:30 p.m. EDT today to discuss the results for the fourth fiscal quarter. Interested parties may access the conference call over the Internet through the Company`s web site at www.openwave.com or by telephone at +1-888-754-3420 (domestic U.S.), +1-212-346-6457 (International). A replay will be available for 48 hours following the conference call.
About Openwave
Openwave Systems Inc. is the worldwide leader of open Internet-based communication infrastructure software and applications. Openwave is a global Company headquartered in Redwood City, California. For more information please visit www.openwave.com.
Cautionary Note Regarding Forward Looking Statements
This release contains forward-looking statements relating to expectations, plans or prospects for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave`s management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (a) the ability to realize our strategic objectives by taking advantage of market opportunities in the Americas, Europe and the Middle East including Asia; (b) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of our current, new and potential customers, suppliers and strategic partners; (c) risks associated with the success of the GSM Association`s Mobile Service Initiative; (d) risks associated with the development and licensing of software generally, including potential delays in software development and technical difficulties that may be encountered in the development or use of the Company`s software; (e) the ability to manage the Company`s growth; (f) the ability to continue to obtain qualified, experienced employees; (g) the ability to successfully partner with other companies; (h) the ability to acquire additional companies and integrate such acquisitions; (i) competition and technological changes and developments; and (j) general risks of the Internet and wireless and wireline telecommunications sectors.
For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company`s Quarterly Report on Form 10-Q for the quarters ended December 31, 2000 and March 31, 2001, Phone.com`s and Software.com`s most recently filed Annual Reports on Form 10-K, and Phone.com`s registration statement on Form S-4 as filed on October 10, 2000. All documents also are available through the SEC`s Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Openwave`s Web site at www.openwave.com. The Company assumes no obligation to update the forward-looking statements included in this document.
NOTE: Openwave, the Openwave logo and Services OS are trademarks of Openwave Systems Inc. All other trademarks and registered trademarks are trademarks of their respective holders.
OPENWAVE SYSTEMS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Three Months Ended Year Ended
June 30, June 30, June 30, June 30,
2001 2000 2001 2000
Revenues:
License $109,909 $38,376 $344,990 $93,126
Maintenance
and support
services 20,530 8,568 60,264 25,835
Professional
services 14,238 10,364 60,004 27,447
Total revenues 144,677 57,308 465,258 146,408
Cost of revenues:
License 5,758 3,490 21,945 6,742
Maintenance
and support
services 8,077 5,233 28,875 14,889
Professional
services 8,830 6,660 36,950 16,971
Total cost
of revenues 22,665 15,383 87,770 38,602
Gross profit 122,012 41,925 377,488 107,806
Operating expenses:
Research and
development 39,540 20,072 135,768 59,889
Sales and
marketing 44,049 24,889 148,811 68,421
General and
administrative 19,649 8,182 59,320 24,061
Stock-based
compensation
- acquisition
related 551 2,686 4,779 6,992
Stock-based
compensation
- other 2,031 946 5,444 3,192
Amortization
of goodwill
and other
intangibles
assets 158,828 152,923 636,282 216,614
In-process
research and
development -- 6,300 -- 27,700
Merger and
integration
costs -- 10,268 88,850 10,395
Total operating
expenses 264,648 226,266 1,079,254 417,264
Operating loss (142,636) (184,341) (701,766) (309,458)
Loss on
non-marketable
equity securities -- (1,000)
Interest and
other, net 5,424 7,788 25,760 23,220
Loss before
income tax
expense
(benefit) (137,212) (176,553) (677,006) (286,238)
Income tax
expense
(benefit) 4,979 825 12,988 (2,019)
Net loss $(142,191) $(177,378) $(689,994) $(288,257)
Basic and
diluted
net loss
per share $(0.84) $(1.13) $(4.17) $(2.06)
Shares used in
computing
basic and
diluted
net loss
per share 168,833 156,971 165,426 139,921
Pro forma
basic and
diluted
net income
(loss)
per share
excluding
stock-based
compensation,
amortization
of goodwill
and other
intangibles,
in-process
research and
development,
merger and
integration
costs and
loss on
non-marketable
equity securities $0.11 $(0.03) $0.25 $(0.17)
Shares used in
computing
pro forma
basic and
diluted net
income (loss)
per share 177,110 156,971 182,156 139,921
OPENWAVE SYSTEMS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
June 30, June 30,
Assets 2001 2000
Current assets:
Cash, cash equivalents and
short-term investments $348,493 $523,007
Accounts receivable, net 153,701 77,385
Prepaid expenses and other
current assets 14,364 11,499
Total current assets 516,558 611,891
Property and equipment, net 98,582 34,824
Long-term investments and
restricted cash 41,873 20,700
Deposits and other assets 11,774 5,880
Goodwill and other intangible assets 1,056,928 1,687,930
Total Assets $1,725,715 $2,361,225
Liabilities and Stockholders` Equity
Current liabilities:
Current portion of equipment loans
and capital lease obligations $1,776 $3,367
Accounts payable 20,600 14,176
Accrued liabilities 54,370 50,124
Deferred revenue 90,262 97,863
Total current liabilities 167,008 165,530
Equipment loans and capital lease
obligations, less current portion 754 3,319
Total liabilities 167,762 168,849
Total stockholders` equity 1,557,953 2,192,376
Total Liabilities and
Stockholders` Equity $1,725,715 $2,361,225
Fiscal Year Revenues Increase 218 Percent to $465 Million Management Reaffirms Profitability Outlook for Calendar Year 2001
REDWOOD CITY, Calif., Jul 23, 2001 /PRNewswire via COMTEX/ -- Openwave Systems Inc. (Nasdaq: OPWV chart, msgs), the worldwide leader of open, IP-based communications infrastructure software and applications, today announced results for the fourth fiscal quarter and fiscal year ended June 30, 2001.
(Photo:http://www.newscom.com/cgi-bin/prnh/20001204/OPENWAVE )
Fourth fiscal quarter revenues increased approximately 11 percent to $144.7 million from $130.0 million in the third quarter of fiscal 2001, and 153 percent from $57.3 million in the comparable period a year earlier. Revenues for the twelve months ended June 30, 2001, increased 218 percent to $465.3 million from $146.4 million for the comparable period ended June 30, 2000.
Deferred revenue was $90.3 million as of June 30, 2001, an increase of $8.3 million from the third fiscal quarter.
Pro forma earnings for the fourth fiscal quarter were $19.2 million, or $0.11 per diluted share, and for the fiscal year were $45.4 million, or $0.25 per diluted share, excluding merger and acquisition-related charges and stock-based compensation. The pro forma earnings per share number is based on 177.1 million weighted average diluted shares outstanding for the fourth fiscal quarter and 182.2 million weighted average diluted shares outstanding for the fiscal year ended June 30, 2001.
The Company achieved $14.6 million of positive cash flows from operations for the fiscal quarter. As of June 30, 2001, the Company had cash, cash equivalents, short-term and long-term investments of $369.7 million, excluding $20.7 million set aside as restricted cash, total assets of $1.73 billion and stockholders` equity of $1.56 billion.
"I`m pleased we have achieved our objectives for the fiscal year. We have executed well within a difficult environment," said Don Listwin, Chairman, President and Chief Executive Officer. "We continue to lead in the adoption of the mobile Internet globally."
Net loss for the fourth fiscal quarter including merger and acquisition-related charges and stock-based compensation was $142.2 million, or $0.84 per basic and diluted share, compared to a net loss of $151.2 million, or $0.91 per basic and diluted share for the quarter ended March 31, 2001, and a net loss of $177.4 million, or $1.13 per basic and diluted share for the fourth quarter in the prior fiscal year.
Net loss for the fiscal year ended June 30, 2001, including merger and acquisition-related charges and stock-based compensation was $690.0 million, or $4.17 per basic and diluted share, compared to a net loss of $288.3 million, or $2.06 per basic and diluted share, for the fiscal year ended June 30, 2000.
Total active mobile subscribers grew by 4.2 million to over 21.6 million at the end of June 2001, up from 17.4 million at the end of March 2001. Mobile subscriber growth was impacted by slower subscriber growth in the highly penetrated Japanese market and by the conversion of large carrier customers to contracts with higher subscriber activation and usage thresholds. Openwave`s messaging business continued to grow, as licensed subscribers reached an industry leading 180.9 million seats, at the end of June, with activated seats at 118.5 million highlighted by the 37 carriers which have each licensed over 1 million seats.
Of particular significance during the fourth quarter, the Company announced its support of the GSM Association`s Mobile Services Initiative (M-Services). This initiative was created to accelerate deployment and adoption of mobile Internet services within the GSM community this year. Openwave is contributing two key components: first, WML extensions enabling a highly intuitive graphical user interface (GUI), and second, an end-to-end architecture, called Download Fun, supporting the secure download of consumer-oriented content, such as ring tones, images and wallpapers.
Financial Outlook
The following statements are forward looking and actual results may differ materially due to factors noted below, among others.
Management`s outlook since the beginning of calendar 2001 has been that quarterly revenues would grow 10 to 20 percent sequentially. For the quarter ending September 30, 2001, Openwave`s outlook is that seasonal growth patterns in its served wireless markets will result in quarterly revenues increasing at the low end of this range. For the quarter ending December 31, 2001, the Company`s outlook is that revenues will grow by 10 to 20 percent sequentially, with the higher rate of growth contingent upon anticipated seasonal growth patterns that impact wireless markets around the holiday season, as well as M-Services and other growth opportunities.
The Company`s pro forma earnings per share outlook for calendar year 2001 remains unchanged at approximately $0.43, excluding merger and acquisition-related charges and stock-based compensation. The Company`s outlook is that gross profit will range between 81 and 83 percent for the remainder of calendar year 2001.
The Company`s pro forma operating profit excluding merger and acquisition-related charges and stock-based compensation was 13 percent for the fourth fiscal quarter of 2001. The Company`s targeted pro forma operating profit is now approximately 14 percent by the fourth calendar quarter of 2001.
Editors Note: Openwave Systems Inc. has scheduled a conference call for 5:30 p.m. EDT today to discuss the results for the fourth fiscal quarter. Interested parties may access the conference call over the Internet through the Company`s web site at www.openwave.com or by telephone at +1-888-754-3420 (domestic U.S.), +1-212-346-6457 (International). A replay will be available for 48 hours following the conference call.
About Openwave
Openwave Systems Inc. is the worldwide leader of open Internet-based communication infrastructure software and applications. Openwave is a global Company headquartered in Redwood City, California. For more information please visit www.openwave.com.
Cautionary Note Regarding Forward Looking Statements
This release contains forward-looking statements relating to expectations, plans or prospects for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave`s management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (a) the ability to realize our strategic objectives by taking advantage of market opportunities in the Americas, Europe and the Middle East including Asia; (b) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of our current, new and potential customers, suppliers and strategic partners; (c) risks associated with the success of the GSM Association`s Mobile Service Initiative; (d) risks associated with the development and licensing of software generally, including potential delays in software development and technical difficulties that may be encountered in the development or use of the Company`s software; (e) the ability to manage the Company`s growth; (f) the ability to continue to obtain qualified, experienced employees; (g) the ability to successfully partner with other companies; (h) the ability to acquire additional companies and integrate such acquisitions; (i) competition and technological changes and developments; and (j) general risks of the Internet and wireless and wireline telecommunications sectors.
For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company`s Quarterly Report on Form 10-Q for the quarters ended December 31, 2000 and March 31, 2001, Phone.com`s and Software.com`s most recently filed Annual Reports on Form 10-K, and Phone.com`s registration statement on Form S-4 as filed on October 10, 2000. All documents also are available through the SEC`s Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Openwave`s Web site at www.openwave.com. The Company assumes no obligation to update the forward-looking statements included in this document.
NOTE: Openwave, the Openwave logo and Services OS are trademarks of Openwave Systems Inc. All other trademarks and registered trademarks are trademarks of their respective holders.
OPENWAVE SYSTEMS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Three Months Ended Year Ended
June 30, June 30, June 30, June 30,
2001 2000 2001 2000
Revenues:
License $109,909 $38,376 $344,990 $93,126
Maintenance
and support
services 20,530 8,568 60,264 25,835
Professional
services 14,238 10,364 60,004 27,447
Total revenues 144,677 57,308 465,258 146,408
Cost of revenues:
License 5,758 3,490 21,945 6,742
Maintenance
and support
services 8,077 5,233 28,875 14,889
Professional
services 8,830 6,660 36,950 16,971
Total cost
of revenues 22,665 15,383 87,770 38,602
Gross profit 122,012 41,925 377,488 107,806
Operating expenses:
Research and
development 39,540 20,072 135,768 59,889
Sales and
marketing 44,049 24,889 148,811 68,421
General and
administrative 19,649 8,182 59,320 24,061
Stock-based
compensation
- acquisition
related 551 2,686 4,779 6,992
Stock-based
compensation
- other 2,031 946 5,444 3,192
Amortization
of goodwill
and other
intangibles
assets 158,828 152,923 636,282 216,614
In-process
research and
development -- 6,300 -- 27,700
Merger and
integration
costs -- 10,268 88,850 10,395
Total operating
expenses 264,648 226,266 1,079,254 417,264
Operating loss (142,636) (184,341) (701,766) (309,458)
Loss on
non-marketable
equity securities -- (1,000)
Interest and
other, net 5,424 7,788 25,760 23,220
Loss before
income tax
expense
(benefit) (137,212) (176,553) (677,006) (286,238)
Income tax
expense
(benefit) 4,979 825 12,988 (2,019)
Net loss $(142,191) $(177,378) $(689,994) $(288,257)
Basic and
diluted
net loss
per share $(0.84) $(1.13) $(4.17) $(2.06)
Shares used in
computing
basic and
diluted
net loss
per share 168,833 156,971 165,426 139,921
Pro forma
basic and
diluted
net income
(loss)
per share
excluding
stock-based
compensation,
amortization
of goodwill
and other
intangibles,
in-process
research and
development,
merger and
integration
costs and
loss on
non-marketable
equity securities $0.11 $(0.03) $0.25 $(0.17)
Shares used in
computing
pro forma
basic and
diluted net
income (loss)
per share 177,110 156,971 182,156 139,921
OPENWAVE SYSTEMS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
June 30, June 30,
Assets 2001 2000
Current assets:
Cash, cash equivalents and
short-term investments $348,493 $523,007
Accounts receivable, net 153,701 77,385
Prepaid expenses and other
current assets 14,364 11,499
Total current assets 516,558 611,891
Property and equipment, net 98,582 34,824
Long-term investments and
restricted cash 41,873 20,700
Deposits and other assets 11,774 5,880
Goodwill and other intangible assets 1,056,928 1,687,930
Total Assets $1,725,715 $2,361,225
Liabilities and Stockholders` Equity
Current liabilities:
Current portion of equipment loans
and capital lease obligations $1,776 $3,367
Accounts payable 20,600 14,176
Accrued liabilities 54,370 50,124
Deferred revenue 90,262 97,863
Total current liabilities 167,008 165,530
Equipment loans and capital lease
obligations, less current portion 754 3,319
Total liabilities 167,762 168,849
Total stockholders` equity 1,557,953 2,192,376
Total Liabilities and
Stockholders` Equity $1,725,715 $2,361,225
Merill Lynch positiv für OPTV
6:19am 07/30/01 Merrill adds QCOM to `techfolio` (DST, QCOM, MOT, OPWV) By Emily Church
Merrill Lynch is tweaking its "techfolio" and replacing DST Systems (DST) with Qualcomm (QCOM) , noting that the wireless tech company recently reiterated its earnings outlook. Amid sectors, Merrill said it`s downgrading energy technology to underweight from overweight and is upgrading wireless from underweight to equal weight. Merrill said the near-term outlook for the energy tech group "has deteriorated." In wireless, Merrill said "our analysts are seeing more modest estimate revisions and inventories back to normal levels by the end of summer... We like stocks such as Motorola (MOT) and Openwave [s:opwv].
6:19am 07/30/01 Merrill adds QCOM to `techfolio` (DST, QCOM, MOT, OPWV) By Emily Church
Merrill Lynch is tweaking its "techfolio" and replacing DST Systems (DST) with Qualcomm (QCOM) , noting that the wireless tech company recently reiterated its earnings outlook. Amid sectors, Merrill said it`s downgrading energy technology to underweight from overweight and is upgrading wireless from underweight to equal weight. Merrill said the near-term outlook for the energy tech group "has deteriorated." In wireless, Merrill said "our analysts are seeing more modest estimate revisions and inventories back to normal levels by the end of summer... We like stocks such as Motorola (MOT) and Openwave [s:opwv].
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