The stock was last quoted at $2.05, up more than 30%, on volume of more than 150,000, according to Nasdaq.com. Openwave said bookings totaled $23.7 million in the quarter, a figure that includes the deal with Microsoft. "Openwave's first fiscal quarter results were mixed; we validated the strength of our intellectual property portfolio by executing a significant licensing agreement, but we are clearly disappointed with our product bookings," said Mike Mulica, the company's CEO, in a statement. "We continue to work closely with our customers and partners to demonstrate the value of our products and technologies." Based on Thursday's regular session close at $1.57, Openwave shares were down more than 25% so far in 2011. The volatile stock hit a 52-week low of $1.17 on Aug. 12, and its 50-day and 200-day moving averages are $1.61 and $1.93 respectively.