OPWV

[Se7en]

Openwave Reports Fourth Quarter Financial Results
Thursday August 4, 4:16 pm ET
Largest Bookings Quarter in Company History
http://biz.yahoo.com/prnews/050804/sfth069.html?.v=21
REDWOOD CITY, Calif., Aug. 4 /PRNewswire-FirstCall/ -- Openwave Systems Inc. (Nasdaq: OPWV - News), the leading provider of open software products and services for the communications industry, today announced that revenues for its fourth fiscal quarter ended June 30, 2005 were $100.3 million, an increase of $23.5 million, or 31%, from $76.8 million during the June quarter in the preceding year. Openwave posted bookings of $130.4 million, the highest level in the company's history.


"Our momentum continues to accelerate as we delivered our largest bookings quarter ever, bolstered our cash position, and added new customers across the world," said David Peterschmidt, president and CEO of Openwave. "In the next quarter, Openwave will power over a trillion messaging transactions as we capitalize on our unique product assets to take advantage of the major trends in the telecommunications industry."

Including $64.6 million in restructuring charges, net loss for the fourth fiscal quarter ended June 30, 2005 on a GAAP basis was $62.3 million, or $0.91 per share, compared to a net loss of $0.7 million, or $0.01 per share, for the June quarter in the preceding year. Net income on a non-GAAP basis, which excludes amortization of intangibles and acquisition-related stock-based compensation, and restructuring and related costs, for the fourth fiscal quarter ended June 30, 2005 was $4.8 million, or $0.07 per diluted share. A reconciliation between net income (loss) on a GAAP basis and a non-GAAP basis is provided below in a table immediately following the Condensed Consolidated Statements of Operations.

At June 30, 2005, the Company had cash, cash equivalents, short-term and long-term investments totaling $286.8 million, of which $24.3 million is set aside as restricted cash. Net cash generated from operating activities during the three months ended June 30, 2005 was $9.1 million, which included $3.0 million of cash used for restructuring liabilities.




SmarTone-Vodafone Selects Openwave to Deliver Next Generation IP Voicemail and Video Voicemail to Subscribers
http://biz.yahoo.com/prnews/050804/sfth063.html?.v=23




Form 8-K for OPENWAVE SYSTEMS INC
http://biz.yahoo.com/e/050804/opwv8-k.html

[dugdogg]

OPWV down pretty big AH.


not good earnings

[fctrade]

First thought, not good. Listen the cc, noticed that there was a 3.2mm liscense revenue deal puched back to this Q(packaged with 7 softwares). If you put this back in, OPWV will beat the .08 expectation. You should also looking forward about its bookings and backlogs which was really strong indicator for future revenue stream.

Fundamentally, not things change and is getting stronger. Technically, hard to say and depands on MM tomorrow. BTW, the 250,000 shares changed hand AH mean nothing.

Good luck tomorrow, long or short.

[David Randolph]

Results were out, and they were not good, at least taking into account the market action on after hours trading.

I hold this stock for about a month and a half now, and it failed to perform. Today I'm in risk of seeing a profit turn into a loss (RULE 4: Never let a profit turn into a loss).

The stock will probably break the ascending trendline at the open. Then I have an important support coming in at $17.75, if that fails to halt the decline expect a medium term decline on OPWV, possibly taking it back down to $12 or so.

Considering this I will sell OPWV at today's open.

[David Randolph]

As said, I've sold OPWV at Friday's open, price $17.55.

You can see all holdings and closed trades at the link on the lateral menu where it says «3 Stocks on Fire»

I'm afraid OPWV enters into a decline phase, the chart certainly points to that, we've had a false bullish breakout, and that's very bearish short term.

[Se7en]

Right before earnings, I sold 300 shares at 18.52$.
In the mean while OPWV dropped back to the mid 16's but I still have 363 shares. 

I need some TA, is it still in a bearish trend or should i hold them and hope for a bounce or better sell them now??!
TIA!

[fctrade]

OPWV break through 17.5 today is very good sign technically, my trend trading indicator show it may start a new uptrend.

[setravis]

The "OPWV" Threads in Previous 3SOF Picks
Have been merged.
Got the go ahead to do so from Ramsburg.
I will be working here on this board to merge other threads also.

I will leave you Friday's closing chart while I'm in this thread....... 

Good trading to all !   

Regards,
Your fellow trader @3SOF
setravis

[setravis]

Updated view.......

Down she went.
The 3 year chart shows it all !


52wk Range: 4.15 - 10.58
Volume: 1,463,526
Avg Vol (3m): 1,676,270

Technicals
Last Price Quote is:
-3.80%below 13-day MA
-5.89%below 50-day MA
RS Rating: 9 

Fundamentals
Key Data:
Market Cap (M): $381.42 
P/E Ratio: 176.36 
PEG Ratio: -1.19444 
Next Earnings: 10/25/2007
Last Analyst Rating: Hold