Openwave Systems Inc. (NASDAQ: OPWV) Will the Downtrend Continue?

Openwave Systems Inc. is a global software innovator delivering context-aware mediation

and messaging solutions that enable communication service providers and the broader ecosystem to create and deliver smarter services. The company's product portfolio provides a complete range of service management, messaging and location technologies.

Openwave serves the market with four product lines: service management, formerly known as gateway, manages content and media; messaging enables enhanced, integrated mobile and broadband communications through converged, Internet protocol (IP) based multimedia messaging products; location enables location-based services through infrastructure and applications for both emergency and commercial location services, and mobile analytics helps operators identify and manage bandwidth allocation, as well as make business decisions.

The shares are currently trading a little above the low for the year that was $1.57. Some analysts are speculating the downward trend may continue to reach fresh lows, but that opinion may be premature. While the relative strength index indicates a bearish outlook, there's a strong foundation holding the stock up heavy institutional ownership, a low 3-year beta, and prices have been basically flat since August.

Further, looking at the most earnings, the company was able to reduce the net income loss by about 20% over the last 3 quarters. Openwave does not typically provide forward looking guidance.

Interestingly, John Giere, Senior Vice President of Openwave Systems, in an important interview to India Infoline Ltd last week explained its new business opportunity for services and revenues in India with the recent 3G spectrum auction. The company has solutions targeted at 2.5 and 3G data usage which enable a rich internet experience on mobile phone while at the same time enabling operators to conserve bandwidth and customize services for each tier or niche group of users.

With HCL and Tech Mahindra as the two channel partners in India, Openwave has landed opportunities in India despite the fact the country is still in the launch phase of 3G.

Short investors could be at high risk unless they are unable to read between the lines of such vital interviews and announcements. The road ahead for Openwave is still not clear because of the reserved nature the company possesses, however, any company who has the capacity to enter emerging countries with emerging technology likely won't be beat down for too long.

After losing 27% this year, shares of Openwave are trading up $.02, or 1.25% at $1.65 on light volume.

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Openwave Systems Inc. (NASDAQ: OPWV) Will the Downtrend Continue?

By: Ronald Russo

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