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  OPENWAVE CREATES COO AND CTO POSITIONS- KEY TO GROWTH STRATEGY
 

  Kevin Kennedy Joins as COO, John MacFarlane Becomes CTO
 
REDWOOD CITY, Calif. - August 28, 2001 -- Openwave Systems Inc. (Nasdaq: OPWV), the worldwide leader of open IP-based communication infrastructure software and applications, today announced the creation of two strategic leadership positions; the posts of Chief Operating Officer (COO) and Chief Technology Officer (CTO). Kevin Kennedy, former senior vice president of Cisco Systems Service Provider Line of Business and Software Technologies Division, joins Openwave today as COO and John MacFarlane, Openwave’s executive vice president will now lead the office of CTO.“

These newly created leadership positions are instrumental in augmenting our team and positioning Openwave for the next level,” said Don Listwin, president and CEO of Openwave. “Kevin’s balance of strategy and operations excellence is unmatched in the market. His insight, integrity, intelligence and drive make him an excellent leader. John MacFarlane is uniquely qualified for the strategic role of CTO. His track record of identifying and capitalizing on new technology opportunities is outstanding.

“In making my decision to join Openwave I looked at the future of the market and the fact that software and services are key growth areas. Telecommunications companies and service providers are looking for ways to extract value from the investments they have already made in infrastructure and equipment. Internet data centers and mobile software and the intersection of those two will offer service providers the business solutions they need,” said Kevin Kennedy, COO of Openwave. “I am excited about joining Openwave because the company has the technology, leadership and momentum to be able to take advantage of this market opportunity.“

“I am very excited to take on this new position as CTO and to have the opportunity to focus on establishing the technical vision for the company and to communicate this vision to our customers, employees, ecosystem partners and shareholders worldwide,” said John MacFarlane, CTO for Openwave. “I am also looking forward to working closely with Kevin in the years to come. He has demonstrated an expertise to successfully grow businesses in emerging markets and brings with him a skill set that will further enable us to drive Openwave market share and ensure our customers’ success.”


About Openwave
 
Openwave Systems Inc. (Nasdaq: OPWV) is the 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.

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, 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 the Company’s software; (d) the ability to manage the company’s growth; (e) the ability to continue to obtain qualified, experienced employees; (f) the ability to successfully partner with other companies; (g) the ability to acquire additional companies and integrate such acquisitions; (h) competition and technological changes and developments; and (i) 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 Openwave's Quarterly Reports 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.


 
Openwave, the Openwave logo and Services OS are trademarks of Openwave Systems Inc. All other trademarks are the properties of their respective owners.

For further information:
 
Contact Openwave Worldwide Public Relations

Openwave Systems Inc.
Alexandrea Todd
+1 650 480 4346
alexandrea.todd@openwave.com

  



 
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