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  OPENWAVE COMMENTS ON EXPIRATION OF HARBINGER'S TENDER OFFER
 

  REDWOOD CITY, Calif. - June 22, 2007 -- Openwave Systems Inc. (NASDAQ: OPWV), the leading independent provider of software products and services for the communications industry, today issued the following statement in response to the announcement that Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P.'s (collectively, "Harbinger") have allowed Harbinger's tender offer to expire without purchasing any shares:

"Over the past weeks and months, we have met with and listened to many of our stockholders, and we greatly appreciate their insights and feedback. With the Harbinger tender offer now behind us, we look forward to continuing to execute on our stand-alone plan. Our Board and management team strongly believe that continued execution of our plan will drive sustainable revenue and profit growth, and we are committed to enhancing value for all of our stockholders."


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. Notwithstanding changes that may occur with respect to matters relating to any forward looking statements, Openwave does not expect to, and disclaims any obligation to, update such statements. Openwave, however, reserves the right to update such statements or any portion thereof at any time for any reason.

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 change business strategy, development plans and product offerings; (b) the ability to successfully implement and recognize cost savings; (c) the ability to develop and commercialize new products; (d) industry and customer adoption and acceptance of 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; and (f) increased global competition and pricing pressure on our products.

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.



 
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.
Hal Covert
Chief Financial Officer
Tel: 650-480-4461
investor@openwave.com

Joele Frank, Wilkinson Brimmer Katcher
Matthew Sherman / Michael Cuneo
Tel: 212-355-4449

 



 
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