Openwave Systems, Inc. (OPWV) F1Q 2012 Earnings Call November 3, 2011 Executives Mike Bishop - IR, The Blueshirt Group Mike Mulica – CEO Anne Brennan - CFO Analysts Scott Sutherland – Wedbush Securities Matthew Hoffman – Cowen Group Scott Zeller – Needham and Company Chris Cohen – Stifel Nicolaus Paul Treiber – RBC Capital Markets Charlie Anderson - Dougherty and Company Eric Strumingher – Diamondback Advisors PresentationMike Bishop
Thank you for joining us today to discuss the results of Openwave Systems first quarter of fiscal year 2012. Joining me today from Redwood City are Mike Mulica, Chief Executive Officer and Anne Brennan, Chief Financial Officer. Before we discuss the results for the quarter, I want to remind everybody that we are operating under the rules of Regulation FD. The first quarter financial results press release was distributed at the close of market today, which includes a non-GAAP to GAAP reconciliation. And if you’ve not yet seen a copy, you can find one at our website at openwave.com. For your convenience, this call is being recorded and will be available for playback from our website for three months. Before we begin, I would like to remind you that any remarks that may be made in this call or in our earnings press release about future expectations, plans or prospects for the company may constitute forward-looking statements for the purpose of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. The actual results may differ materially from those indicated by the forward-looking statements as a result of various important factors. These factors include the specific risk factors discussed in the company’s press release that was distributed today, and in the company’s filings with the SEC, including, but not limited to, the fiscal 2011 year-end results on Form 10-K, and any other reports subsequently filed with the SEC.
Shares of Openwave Systems (Nasdaq:OPWV) were gapping down Friday morning with an open price 12.3% lower than Thursday's closing price. The stock closed at $2.84 yesterday and opened today's trading at $2.49.