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  OPENWAVE'S BOARD EXTENDS OFFER OF BOARD REPRESENTATION TO HARBINGER CAPITAL
 

  REDWOOD CITY, Calif. - January 16, 2007 -- Openwave Systems Inc. (NASDAQ: OPWV), the leading provider of independent software products and services for the communications industry, today announced that its Board of Directors has extended the offer of a seat on the Openwave Board to Mr. James L. Zucco, one of Harbinger Capital Partners' director nominees.

Over the weekend of January 13-15, 2007, members of Openwave's Board, including its non-executive Chairman, Bernard Puckett and members of Openwave's management team held several conversations with Harbinger and its two director nominees. The Board seat offered would provide Harbinger with representation greater than its current ownership in the Company. Harbinger currently owns, in aggregate, approximately 10 million shares of Openwave common stock, or approximately 10.6% of the outstanding shares of Openwave. To date, Harbinger has not agreed to resolve the proxy contest on these terms.

If Openwave stockholders have any questions about how to vote their shares or if they need assistance in voting their shares, please contact Openwave's proxy solicitor, Georgeson Inc. toll-free at 866-909-6467.

Openwave's Annual Meeting will be held on Wednesday, January 17, 2007, at 8:30 a.m. PST at the Company's headquarters located at 2100 Seaport Boulevard, Redwood City, CA 94063. Stockholders of record as of November 27, 2006 are entitled to vote at the Annual Meeting.

The vote of Openwave stockholders is extremely important — no matter how many shares Openwave stockholders own. Stockholders are encouraged to vote by Internet and phone by following the instructions on their WHITE proxy card.


About Openwave
Openwave Systems Inc. (Nasdaq: OPWV) is one of the world's leading innovators of software applications and infrastructure designed to enable revenue-generating, personalized services, including merchandising and advertising, which converge the mobile and broadband experience across all of a user's devices.

As the communications industry intersects with the Internet, Openwave software enables service providers to converge services, increasing the value of their networks by accelerating time to market and reducing the cost and complexity associated with new service deployment. Openwave's unique product portfolio provides a complete range of service management, messaging, location and client technologies. 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 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; (b) the ability to improve sales productivity; (c) the ability to continue to sell our existing products and enhancements; (d) the ability to develop and commercialize new products; (e) 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; (f) increased global competition and pricing pressure on our products; (g) technological changes and developments; and (h) 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 the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2006, and any subsequently filed reports. 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 website at www.openwave.com.


Important Additional Information
The Company and certain other persons may be deemed participants in the solicitation of proxies from stockholders in connection with Openwave's 2006 Annual Meeting of Stockholders. Information concerning such participants is available in the Company's Proxy Statement filed with the Securities and Exchange Commission on December 8, 2006. Stockholders are advised to read the Company's Proxy Statement and supplements thereto and other relevant documents when they become available, because they will contain important information. Stockholders may obtain, free of charge, copies of the Company's Proxy Statement and any other documents filed by the Company with the SEC in connection with the 2006 Annual Meeting of Stockholders at the SEC's website at www.sec.gov or by contacting the Company's proxy solicitor Georgeson Inc. at 866-909-6467.


 
Openwave is the trademark 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.
Mike Bishop
Investor Relations
Tel: 650-480-4461
investor@openwave.com

Joele Frank, Wilkinson Brimmer Katcher
Matthew Sherman
Tel: 212-355-4449
msherman@joelefrank.com

Georgeson, Inc.
Sean O'Hara
Tel: 212-440-9800
sohara@georgeson.com

 



 
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