REDWOOD CITY, Calif. (AP) — Mobile technology software maker Openwave Systems Inc. said Thursday that it is reviewing strategic options for its messaging and mediation businesses and has hired Jefferies and Co. as an adviser in the matter.
Openwave did not say what its plans are for the businesses. But the company said it wants to focus on its “intellectual property initiative,” that is, its portfolio of about 200 patents covering mobile devices and the mobile Internet.
The company’s shares rose 10 cents, or 5.6 percent, to $1.87 in midday trading. The stock has traded in a 52-week range of $1.17 and $2.67.
Related posts:
Windows Marketplace reaches "important milestone" of 50,000 published apps
How Booze Goes Social for Saint Patrick's Day
Ooyala: 2011 online video watching doubled in Q4 for mobile, tablets and gaming consoles
Comedian Fake Live Tweets Obama Dinner at Clooney's House, Fools Web
Gateway co-founder bankrolls PAC for independents
Fairchild Semi results miss estimates on weak PC demand
Views: 0