Earnings & Metrics

REDWOOD CITY, CA – May 8, 2012 – Unwired Planet, Inc. (formerly Openwave Systems Inc.) (Nasdaq: OPWV), today announced financial results for the third fiscal quarter ended March 31, 2012. As a result of the Company's announced intention to sell its product business, the results of the products businesses are consolidated and reported as discontinued operations.

"We established a strategic direction two quarters ago, and we rapidly executed on the plan to unlock the significant inherent value in our patent portfolio by separating the asset from the product businesses," said Mike Mulica, chief executive officer of Unwired Planet. "We are now solely focused on enhancing shareholder value though our Intellectual Property initiative."

The company ended the quarter with $66.2 million in cash and investments, not including the proceeds from the subsequent sale of the product businesses to Marlin Equity Partners, completed on April 30, 2012. On a GAAP basis, net loss for the third fiscal quarter ended March 31, 2012 was $9.5 million or $0.11 per share. On a non-GAAP basis, net loss for the third fiscal quarter ended March 31, 2012 was $4.7 million or $0.05 per share. Non-GAAP net loss excludes restructuring, costs associated with strategic alternatives, amortization of stock-based compensation, and discontinued operations.

REDWOOD CITY, CA - November 03, 2011 -- Openwave Systems Inc. (Nasdaq: OPWV), a global software innovator delivering all-Internet Protocol (all-IP) mediation and messaging solutions, today announced that revenues for the first fiscal quarter ended September 30, 2011 were $52.4 million, compared with $35.2 million in the prior quarter ended June 30, 2011 and $41.5 million in the September quarter in the preceding fiscal year. Bookings for the quarter were $23.7 million, which included a significant intellectual property licensing agreement separately announced by Openwave. The company ended the quarter with $66.6 million in cash and investments.