??? Openwave 727282 ??? - 500 Beiträge pro Seite

[chiefnorm]

Hat jemand von euch Neuigkeiten zum Wert Openwave (WKN 727282)? Warum sehen wir heute diese dramatischen Abschläge? Vielen Dank.

[kosto1929]

Openwave Reports Third Quarter Fiscal 2004 Results

28.04.2004
22:11

REDWOOD CITY, Calif., April 28 /PRNewswire-FirstCall/ -- Openwave Systems Inc. , the leading provider of open software products and services for the communications industry, today announced that revenues for its third fiscal quarter ended March 31, 2004 were $74.2 million, an increase from $71.8 million during the preceding quarter ended December 31, 2003, and an increase of 16.9% from $63.5 million during the March quarter in the preceding year.

"Openwave delivered a strong quarter as the second wave of mobile data has moved mainstream worldwide," said Don Listwin, president and CEO of Openwave. "Business momentum continues to build as we drive to profitability."

Net loss for the third fiscal quarter ended March 31, 2004 was $5.7 million, or $0.09 per basic and diluted share, compared to a net loss of $9.4 million, or $0.15 per basic and diluted share, for the preceding quarter and a net loss of $23.2 million, or $0.39 per basic and diluted share, for the March quarter in the preceding year.

At March 31, 2004, the Company had cash, cash equivalents, short-term and long-term investments totaling $345.9 million, of which $27.6 million is set aside as restricted cash. Net cash used for operating activities during the three months ended March 31, 2004 was $15.5 million, which included $4.4 million of cash used for restructuring costs.

Fourth Quarter Fiscal 2004 Business Outlook

Management``s current outlook for the quarter ending June 30, 2004 is that revenues will be within a range of $74 million plus or minus $5 million, gross profit will be between 71 and 74 percent of revenues, and net earnings / (loss) per basic and diluted share will be between $0.01 and ($0.14) per share. Management expects to have cash, cash equivalents, short-term and long-term investments, inclusive of restricted cash, of $334 to $344 million as of June 30, 2004.

Conference Call Information

Openwave has scheduled a conference call for 5:00 p.m. Eastern today to discuss its financial results for its third fiscal quarter ended March 31, 2004. Interested parties may access the conference call over the Internet through the Company``s web site at http://www.openwave.com/ or by telephone at 888-276-0007 or 612-332-0107 (international). A replay of the conference call will be available for 72 hours beginning at 8:30 p.m. Eastern on April 28 by calling 800-475-6701. The replay can be accessed internationally by calling 320-365-3844. Reservation number: 728192.

A live webcast of the call, together with supplemental financial information, will also be available on the Quarterly Earnings section of Openwave``s website at http://investor.openwave.com/medialist.cfm for at least 12 months.

About Openwave

Openwave Systems Inc. is the leading independent provider of open software products and services for the communications industry. Openwave``s breadth of products, including mobile phone software, multimedia messaging software (MMS), email, location and mobile gateways, along with its worldwide expertise enable its customers to deliver innovative and differentiated data services. Openwave is a global company headquartered in Redwood City, California. For more information please visit http://www.openwave.com/.

Cautionary Note Regarding Forward Looking Statements

This release contains forward-looking statements (including without limitation those contained in the Business Outlook section and the quotation from management) 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. Notwithstanding changes that may occur with respect to matters relating to the Business Outlook and other forward looking statements, Openwave does not expect to, and disclaims any obligation to, update such statements until the release of its next quarterly earnings announcement. Openwave, however, reserves the right to update such statements or any portion thereof at any time for any reason.

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, the Middle East, and 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 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 our software; (d) the effects of our restructurings and the ability to successfully support our operations; (e) the ability to recruit and retain qualified, experienced employees; (f) the willingness of communication service providers to invest and improve their data networks; (g) the ability to successfully partner with other companies; (h) the ability to acquire additional companies and technologies and integrate such acquisitions; (i) increased global competition; (j) technological changes and developments; (k) general risks of the Internet and wireless and wireline telecommunications sectors; and (l) the uncertain economic and political climate in the United States and throughout the rest of the world and the potential that such climate may deteriorate.

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 Annual Report on Form 10-K for the fiscal year ended June 30, 2003, Quarterly Reports on Form 10-Q for the fiscal quarters ended September 30, 2003, and December 31, 2003, and any subsequently filed reports. All documents also are available through the SEC``s Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov/ or from Openwave``s Web site at http://www.openwave.com/. Openwave and the Openwave logo are trademarks and or registered trademarks of Openwave Systems Inc. All other trademarks are the properties of their respective owners.

INVESTOR CONTACTS: Mike Bishop Senior Manager, Investor Relations Openwave Systems Inc. 650-480-4461 Joshua Pace Chief Accounting Officer Openwave Systems Inc. 650-480-4999 MEDIA CONTACT: Michele Landry Openwave Systems Inc. 650-480-4622 OPENWAVE SYSTEMS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS-UNAUDITED (In thousands, except per share data) Three Months Ended Nine Months Ended March 31, Dec. 31, March 31, March 31, March 31, 2004 2003 2003 2004 2003 Revenues: License $38,437 $38,175 $35,011 $108,820 $110,978 Maintenance and support services 20,523 22,102 18,494 62,991 56,321 Professional services 14,450 9,335 4,933 33,588 19,034 Project 817 2,141 5,033 8,570 15,079 Total revenues 74,227 71,753 63,471 213,969 201,412 Cost of revenues: License 1,027 1,079 904 4,051 3,126 Maintenance and support services 6,435 5,790 6,571 18,477 22,264 Professional services 11,439 8,685 5,911 27,420 17,160 Project 772 1,962 4,381 4,883 13,536 Amortization of acquisition-related contract intangibles 645 1,177 696 2,444 3,338 Total cost of revenues 20,318 18,693 18,463 57,275 59,424 Gross profit 53,909 53,060 45,008 156,694 141,988 Operating Expenses: Research and development 23,625 23,765 27,256 72,976 88,323 Sales and marketing 25,479 25,067 27,058 74,169 90,418 General and administrative 7,621 8,394 9,343 26,071 38,328 Restructuring and other related costs 726 (382) -- 2,996 83,191 Stock-based compensation 938 754 686 2,427 2,780 Amortization and impairment of goodwill and other intangible assets 67 67 67 202 8,248 In-process research and development -- -- -- -- 400 Merger, acquisition and other integration related costs -- -- -- -- 386 Total operating expenses 58,456 57,665 64,410 178,841 312,074 Operating loss (4,547) (4,605) (19,402) (22,147) (170,086) Interest and other income, net (133) 84 1,372 529 5,111 Impairment of non-marketable equity securities -- -- (1,864) -- (3,864) Loss before provision for income taxes and cumulative effect of change in accounting principle (4,680) (4,521) (19,894) (21,618) (168,839) Income taxes 1,058 4,866 3,320 7,496 7,869 Loss before cumulative effect of change in accounting principle (5,738) (9,387) (23,214) (29,114) (176,708) Cumulative effect of change in accounting principle -- -- -- -- (14,547) Net Loss $(5,738) $(9,387)$(23,214) $(29,114)$(191,255) Basic and diluted net loss per share $(0.09) $(0.15) $(0.39) $(0.47) $(3.23) Shares used in computing basic and diluted net loss per share 63,224 61,925 59,547 61,753 59,175 OPENWAVE SYSTEMS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED (In thousands) March 31, June 30, 2004 2003 Assets Current Assets: Cash, cash equivalents and short-term investments $248,673 $172,684 Accounts receivable, net 77,315 62,907 Other current assets 13,015 13,218 Total current assets 339,003 248,809 Property and equipment, net 29,932 44,582 Long-term investments 69,632 39,195 Restricted cash 27,565 22,271 Goodwill, intangibles and other assets 19,449 12,594 $485,581 $367,451 Liabilities and Stockholders`` Equity Current Liabilities: Accounts payable $2,521 $3,844 Accrued liabilities 36,924 37,159 Accrued restructuring costs 11,801 18,358 Deferred revenue 57,733 62,786 Total current liabilities 108,979 122,147 Accrued restructuring costs - long term 40,650 48,152 Long term deferred revenue 13,075 11,004 Deferred rent obligations 4,566 3,870 Convertible subordinated notes, net 146,336 -- Total liabilities 313,606 185,173 Total stockholders`` equity 171,975 182,278 $485,581 $367,451 OPENWAVE SYSTEMS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS-UNAUDITED (in thousands) Three Months Ended Nine Months Ended March 31, Dec. 31, March 31, March 31, March 31, 2004 2003 2003 2004 2003 Cash flows from operating activities: Net loss $(5,738) $(9,387) $(23,214)$(29,114) $(191,255) Adjustments to reconcile net loss to net cash used for operating activities: Depreciation, amortization and impairment of intangible assets 6,263 7,498 8,878 21,298 53,450 Impairment of non- marketable equity securities -- -- 1,864 -- 3,864 Provision for (recovery of) doubtful accounts (1,377) (38) (393) (1,280) 4,991 Impairment of property and equipment - restructuring related 75 -- -- 813 12,202 Other non-cash activities 325 301 112 894 215 Changes in operating assets and liabilities (15,096) (17,028) (8,730) (40,227) 66,580 Net cash used for operating activities (15,548) (18,654) (21,483) (47,616) (49,953) Cash flows from investing activities: Purchases of property and equipment, net (494) (1,604) (1,294) (2,720) (7,528) Acquisitions, net of cash acquired -- -- (677) -- (18,973) Proceeds of short-term investments, net (108) 23,869 14,575 25,955 58,805 Proceeds of long-term investments, net (50,150) 2,485 (23,994) (43,253) (3,361) Restricted cash and investments 2,123 179 -- (5,294) 344 Net cash provided by (used for) investing activities (48,629) 24,929 (11,390) (25,312) 29,287 Cash flows from financing activities: Proceeds from issuance of common stock, net 7,947 6,762 104 16,336 2,069 Proceeds from issuance of convertible debt, net -- -- -- 145,672 -- Other (4) 52 -- 52 156 Net cash provided by financing activities 7,943 6,814 104 162,060 2,225 Net increase in cash and cash equivalents (56,234) 13,089 (32,769) 89,132 (18,441) Cash and cash equivalents at beginning of period 284,705 271,616 155,027 139,339 140,699 Cash and cash equivalents at end of period $228,471 $284,705 $122,258 $228,471 $122,258

Openwave Systems Inc.

© PR Newswire

[curacanne]

hallo,
ich habe den verdacht, dass diese aktie schwer manipuliert wird. im hinblick auf die prognostizierten kursziele diverser analysten koennte ich mir dann einen split vorstellen, so 2;1, dann waeren wir schnell bei den anvisierten 20 us dollar.
weisst du zufaellig, wie genau die major holder daten bei yahoo com sind?, bei comdirekt sind ja ueberhaupt keine fonds fuer diese aktie vermerkt.
cura

[kosto1929]

Major Holders Get Major Holders for:




BREAKDOWN

% of Shares Held by All Insider and 5% Owners: 6%
% of Shares Held by Institutional & Mutual Fund Owners: 52%
% of Float Held by Institutional & Mutual Fund Owners: 56%
Number of Institutions Holding Shares: 10


TOP INSIDER & RULE 144 HOLDERS

Holder Shares Reported
LISTWIN, DONALD J. 2,122,981 12-Apr-04
SNYDER, ALLEN E. 131,550 29-Mar-04
HOSE, DAVID A. 99,998 20-Apr-04
PETERS, STEVE 88,880 27-Jan-04
PACE, JOSHUA 33,332 26-Jan-04


ADVERTISEMENT


TOP INSTITUTIONAL HOLDERS

Holder Shares % Out Value* Reported
FMR Corporation (Fidelity Management & Research Corp) 4,938,957 7.77 $54,328,527 31-Dec-03
Barclays Bank Plc 2,272,540 3.58 $24,997,940 31-Dec-03
Credit Suisse Asset Management 1,891,462 2.98 $20,806,082 31-Dec-03
Mac-Per-Wolf Company 1,781,627 2.8 $19,597,897 31-Dec-03
Gruber & McBaine Capital Management LLC 1,402,054 2.21 $15,422,594 31-Dec-03
Artemis Investment Management 1,171,352 1.84 $12,884,872 31-Dec-03
S Squared Technology Corp. 1,164,997 1.83 $12,814,967 31-Dec-03
Wellington Management Company, Llp 1,073,898 1.69 $11,812,878 31-Dec-03
State Street Corporation 1,041,036 1.64 $11,451,396 31-Dec-03
Goldman Sachs Group Inc 953,990 1.5 $10,493,890 31-Dec-03


TOP MUTUAL FUND HOLDERS

Holder Shares % Out Value* Reported
Fidelity Advisor Small Cap Fund 1,000,000 1.57 $12,030,000 30-Nov-03
Variable Insurance Products Fd-Growth Portfolio 906,700 1.43 $9,973,700 31-Dec-03
Credit Suisse Tr-Small Cap Growth Portfolio 847,066 1.33 $9,317,726 31-Dec-03
Ishares Russell 2000 Index Fd 827,583 1.3 $10,452,372 30-Sep-03
Vanguard Explorer Fund, Inc. 687,367 1.08 $8,942,645 31-Oct-03
Credit Suisse Emerging Growth Fund 519,066 0.82 $5,709,726 31-Dec-03
Janus Small Cap Value Fund 514,300 0.81 $7,627,069 31-Jan-04
Fidelity Advisor Equity Growth Fund 404,100 0.64 $4,861,323 30-Nov-03
College Retirement Equities Fund-Stock Account 400,929 0.63 $4,410,219 31-Dec-03
Fidelity Contrafund Inc 390,200 0.61 $4,292,200 31-Dec-03

[curacanne]

danke kosto.
cura

[curacanne]

hallo kosto,
und woher weiss ich, ob yahoos angaben stimmen?
cura, halte leider einige opwv.

[DonKaepsele]

Holla,
Artikel über meine Lieblingsaktie
Mir hat mir Openwave schon viel Glück gebracht.
Weiß auch nicht so recht warum sie so unter die Räder
kam.
Zu den Aussichten kamen wohl Widersprüche und einen Flieger hat Openwave sich zugelegt,naja das gefällt einigen nicht.
An einen Split glaub ich nicht , den haben sie erst grad
hinter sich. Den darf man wohl auch beim Tauchgang
berücksichtigen.
Bin zwar ganz odentlich im Minus, dennoch sehr bullish
für Openwave.
Viel Glück
DonKaepsele

[curacanne]

hi Don...,
welches kursziel hast Du denn vor Augen?
cura

[DonKaepsele]

Hi Cura,
vom aktuellen Kurs her klingt mein Kursziel ziemlich hoch.
12 € sind es immer noch -mindestns.
Die % nach den Zahlen haben ja gestimmt, leider ging es
in die falsche Richtung.
Im Moment für mich klar überverkauft, Gegenbewegung kommt
sicher, könnte aber auch in Richtung 6 € gehen.

Na und Software von Openpave in über 1 Milliarde Handys.....
schau mal unter Yahoo Finance die News und das Board...
Nicht zu vergessen ca im Juni, evtl. Juli sollen
schwarze Zahlen geschrieben werden.

Freundliche Grüße
DonKaepsele

[DonKaepsele]

und wieder tolle News unter Yahoo Finance

Grüßle von DonKaepsele

[curacanne]

keiner weiss ?

[DonKaepsele]

Form 8-K for OPENWAVE SYSTEMS INC


--------------------------------------------------------------------------------

6-Aug-2004

Change in Assets, Financial Statements and Exhibits



Item 2. Acquisition or Disposition of Assets
On July 30, 2004, the Registrant, Openwave Systems Inc. ("Openwave") consummated its previously announced acquisition of Magic4 Limited ("Magic4"), a private company incorporated in the United Kingdom, acquiring the entire issued share capital of Magic4 from the existing Magic4 shareholders. As a result of the transaction, Magic4 became a wholly owned subsidiary of Openwave. The purchase price consisted of 2,271,446 newly issued shares of Openwave`s common stock, cash in the amount of approximately $54.0 million and loan notes with an aggregate face value of approximately $3.8 million. The loan notes are payable on demand after 6 months, but no later than August 31, 2005 and bear interest at a rate of 1.5% per annum. Openwave funded the cash portion of the consideration for the acquisition using cash on-hand. The net cash remitted to Magic4 shareholders will be approximately $46 million after accounting for Magic4`s cash on-hand and excluding the payment of the loan notes. The acquisition will be accounted for under the purchase accounting method. A copy of the related press release is attached to this Current Report on Form 8-K as Exhibit 99.1