REDWOOD CITY, Calif. – Mobile technology software maker Openwave Systems Inc. said Thursday that it is reviewing strategic options for its messaging products business and has hired Jefferies and Co. as an adviser in the matter.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Openwave did not say what its plans are for the business. But the company said it wants to focus on its “intellectual property initiative,” that is, its portfolio of about 200 patents covering mobile devices and the mobile Internet.
The company’s shares rose 11 cents, or 6.2 per cent, to $1.88 in premarket trading.
Comments
Want to discuss? Please read our Commenting Policy first.