Tuesday, July 1, 2008
openwave (OPWV) sells mobile business for $32M
It is really amazing how the market is valuing certain assets. Even today, am sure, Openwave has the one of the largest deployments of their mobile browser in north america and probably in the top 3 worldwide, which would be more than a billion phones over time. It sure seems something was terribly wrong somewhere, granted the markets are not doing well (helio $39M), but $30M seems just too low.. Nuance spend more than $200M on voicesignal, from my perspective, this acquisition should have been a no brainer for someone that wants access to embeeded software in millions of handsets. Leaves me curious, if you know the answer: email me!
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