Posts for Ticker ‘OPWV’

Russell Rebalance Included Many Cult Stocks (CBOU, DDRX, OPWV, STEM, UBET)

money-stack-imageThere are some interesting cult stocks which have recovered so much that they are being added into the Russell 3000 Index when the index gets rebalanced and reconstituted at the end of this month.  Some of these are new entirely and some of these have been booted off of the Russell 3000 Index before.  We have given some  detailed color and insight on the following cult stocks: Carribou Coffee Company (NASDAQ: CBOU), Diedrich Coffee Inc. (NASDAQ: DDRX), Openwave Systems Inc. (NASDAQ: OPWV), StemCells Inc. (NASDAQ: STEM), and Youbet.com Inc. (UBET).
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Posted on: June 19, 2009 – 11:26 am in Cult Stock, Index, Mutual Funds, Trading Alert, , , , ,

NASDAQ Offers Life To Hundreds of Stocks (NDAQ, CHTR, FNSR, LVLT, OPWV, PEIX, PWAV, PWAV, RFMD, SANM, SIRI, SPSN)

Money_stack_pic_4Nasdaq_logoThe NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is making it easier for the army of relatively new penny stocks to maintain their listings on NASDAQ.  The exchange filed with the SEC to extend its suspension of the rules requiring a minimum $1.00 bid price and its minimum market value of publicly held shares.  This was initially set to expire in January, but the terms will now be extended until Monday, April 20, 2009.  With as many stocks that have violated that $1.00 mark in recent weeks and months, this is hardly a surprise and it would even go against the exchange’s own interests to boot this many stocks off the exchange.

We ran a screen for NASDAQ stocks with active trading volume, share prices under $1.00, and those which have traded over $1.00 in the last 52-weeks.  Some of the most usual suspects here are as follows:

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Posted on: December 19, 2008 – 10:26 am in Cult Stock, Exchange News, Small Cap Stocks, Trading Alert, , , , , , , , , , ,

The 52-Week Low Club (HAR)(TIF)(OPWV)

Harman (HAR) Cuts forecasts and that cuts stock price. Falls to $42.88 from 52-week high of $125.13.

Tiffany (TIF) Even the rich are being pinched. Down to $32.84 from 52-week high of $57.34.

Coach (COH) More rich people spending problems. Also, gets a broker downgrade. Drops to $25.15 from 52-week high of $54.

Compuware (CPWR) Expects to miss quarterly numbers. Trades off to $7.04 from 52-week high of $12.56.

Openwave (OPWV) CFO heads for the door and broker downgrades. Dips to $1.20 from 52-week high of $10.58.

Douglas A. McIntyre

Posted on: January 14, 2008 – 4:03 pm in HI/LOW, , , , ,

Microsoft (MSFT) Buys Into Mobile Music

Microsoft (MFST) today announced it has entered into an exclusivity agreement around its intention to acquire Musiwave SA, an Openwave (OPWV) company and a leading provider of mobile music entertainment services to operators and media companies. The acquisition would bring Musiwave’s relationships with music labels, device makers and mobile operators that deliver digital entertainment to consumers, together with Microsoft’s Connected Entertainment technologies and services, including Windows Mobile, Zune, MSN and Windows Live. Should the transaction proceed, Musiwave would continue to operate out of its current headquarters in Paris.

Douglas A. McIntyre

Posted on: November 12, 2007 – 9:15 am in Mergers and Buy Outs, ,

The 52-Week Low Club

Wellcare Health Plans (WCG) Regulators keep asking for more info and class action suits are beginning. Shares fall to $21.41 from 52-week high of $128.42.

Qwest Communications (Q) Big telecom company turns in ugly forecast. Shares fall to $6.94 from 52-week high of $10.45.

Rite Aid Corporation (RAD) Still dogged by high costs and low margins on generic drugs. Falls to $3.80 from 52-week high of $6.74.

American Medical Systems (AMMD) Lowers outlook for the year and is hit with downgrade. Drops to $11.89 from 52-week high of $33.18.

Openwave Systems (OPWV) Still slipping after last week’s earnings. Drops to $3.86 from 52-week high of $10.58.

Divx Inc (DIVX) Deal the company has with Google (GOOG) gets unpleasant amendment. Share move down to $12.24 from 52-week high of $31.89.

Douglas A. McIntyre

Posted on: October 30, 2007 – 3:50 pm in HI/LOW, , , , , ,

Cramer’s Next Internet Stock Gapper (VCLK, OPWV, GOOG, MSFT, YHOO)

On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed ValueClick (NASDAQ:VCLK) as the next potential advertising company that could see a huge gain.  After Google (NASDAQ:GOOG) bought DoubleClick and after aQuantive was bought for a huge premium by Microsoft (NASDAQ:MSFT), this is the last of the independent Internet advertising stocks that should be acquired.  Cramer even thinks that Yahoo! (NASDAQ:YHOO) may need to acquire it.  Cramer came up with a figure that if DoubleClick and aQuantive revenue multiples were used with a 15% discount that you could see $59.67 or $34.00.  We had noted the same thing about 24/7 Real Media after Yahoo! acquired Right Media, and partially on the notion that ValueClick and aQuantive had once held merger talks.

If you are interested in Internet stocks that also may be taken over, we are getting ready to release our own internal "watch list" of small cap Internet stocks to subscribers of our Special Situation Investing Newsletter that we have kept private.  We do not believe theese are currently takeover targets, but under the right circumstances and prices these could all easily become subsidiaries of the current Internet giants.  Two companies that were acquired this year off that list this year were Web.com and 24/7 Real Media.

The Web.com buyout was one we had been calling for basically two-years before it happened, and they let things get south compared to when there was huge value.  Be careful on betting on major premiums just because of others.  We noted this specifically where 24/7 Real Media was giving itself away too cheaply.

One free peek on our list is OpenWave (NASDAQ:OPWV), although we think this one has worked itself into such a bind that a true buyout would be a "saving bid to scoop up on the cheap" after a major sell-off rather than a footrace with a major premium.

Jon Ogg
October 8, 2007

Jon Ogg produces the "Special Situation Investing Newsletter" and he does not own securities in the companies he covers.

Posted on: October 8, 2007 – 5:39 pm in Cramer, Internet, , , , ,

Media Digest 8/3/2007 Reuters, WSJ, NYTimes, FT, Barron’s

According to Reuters, net income at Toyota (TM) rose sharply on strong US and European sales.

Reuters writes that American Home Mortgage (AHM) will close today and lay-off all of its employees.

The Wall Street Journal wirtes that Amazon (AMZN) has begun to test grocery delivery in Seattle.

The Wall Street Journal writes that Boston Scientific (BSX) called off the IPO of its endosurgery division

The Wall Street Journal writes that Dell (DELL) paid $340 million for ASAP Software.

The New York Times writes that Take-Two (TTWO) has had to delay it Grand Theft Auto game and revise its earning down.

The New York Times writes that Ford (F) hopes to sell Jaguar and Rover by the end of the summer.

The FT reports thtat the current credit environment could keep some large buy-outs on hold for months.

Barron’s writes that shares of Openwave (OPWV) fell after its announced disappointing earnings.

Douglas A. McIntyre

Posted on: August 3, 2007 – 3:06 am in Uncategorized, , , , , , , ,

Openwave Posts Earnings & Names New CFO (OPWV)

Openwave Systems Inc. (NASDAQ:OPWV) has posted its quarterly earnings.  On a non-GAAP basis the company posted -$0.13 EPS and GAAP EPS was listed as -$1.11.  Revenues are listed as $68.1 million, but the revenue numbers from discontinued operations are $75.6 million on a post-MusicWave basis since that is for sale.  This will make comparisons harder to break-out considering that analysts are not following this one like a hawk as much anymore.  Estimates from First Call today were -$0.14 EPS & $71.21 million in revenues.

Unfortunately there is no guidance in the release, although they simultaneously made some other disclosures.  The company’s book-to-bill ratio of 1.0.  Its year-end was this quarter and it ended with almost $246.5 million in cash and equivalents, but its total current assets are now under its total stated liabilities.  The company has also named Jean-Yves Dexmier as CFO to replace Hal Covert, who is leaving for personal reasons.  Openwave also added former NorTel and Nokia executives to its product and sales ranks.  Lastly, Openwave annouhnced that SoftBank Telecom selected its Rich Mail solution for contract renewal in Japan.

Shares were up modestly after the report, but are now down a tad in after-hours.  We’ll have to wait for guidance before declaring this last quarter a real victory or real defeat for the company.

Here was the full preview for reference and for forward guidance and conjecture.

Jon C. Ogg
August 2, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 2, 2007 – 3:45 pm in Earnings, Internet, Technology Companies, Telecom, WiMAX, Wireless, , ,

Openwave Systems Bracing For Earnings (OPWV)

Openwave Systems Inc. (NASDAQ:OPQV) is one of the companies reporting earnings after the close today, and this will be the year-end for 2007 as well.  Unfortunately the company has buried many shareholders more than once, and if it was France in the late 1700’s there would be a second or third shareholder revolt.  It leveraged and tried to force a buyout, and that failed to run the shares.  It also left the company alone, or at least "still’ and ‘for now.’  The company probably wasn’t run so poorly before the blow-up occurred, but as we’ve said many times this company is one of the myriad of service providers that found itself in a consolidating internet, cellular, and wireless communications providers world.  When there are much fewer and very big clients out there, it means companies will see "Good hits, and bad misses."  The bad misses hurt, a lot.

Estimates today are -$0.14 EPS & $71.21 million in revenues, and the next quarter estimates are -$0.06 EPS & $72.5 million in revenues.  It is unfortunately still expected to post a loss for fiscal-June 2008.  Shares are down basically 50% from the yearly highs, and barely above the lows from ist $5.07 to $10.58 trading range over the last year.  It is hard to find too many people who want to talk about the old $20+ highs from early 2006.

If you trust options in a sub-$10.00 stock it looks like options trades are not expecting more than a 4% or 5% move in either direction.  But that is hard to guage on a lower priced stock as each penny is substantial in real money terms.  The chart is unfortunately broken as the fundamentals have deteriorated and most of the analysts have outright abandoned teh stock.

A larger company could integrate this company for an instant-in with mobile phone and other wireless communications providers. It also has some substantial platforms and proprietary technology.  The flip side is that in the consolidated world of fewer providers is that it boils down to what someone would pay for it.  The current market cap is $440 million, and right now it’s just not known if the value is really that much higher or that much lower.

Jon C. Ogg
August 2, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 2, 2007 – 12:35 pm in Earnings, Internet, Technology Companies, Telecom, WiMAX, Wireless, ,

Pre-Market Analyst Calls (June 5, 2007)

AAP raised to Neutral at JPMorgan.
ALDN cut to Mkt Perform at FBR.
ALY started as Outperform at Wachovia.
BEBE cut to Mkt Perform at FBR.
BEN cut to Underweight at JPMorgan.
BHP raised to Buy at Citigroup.
CPO started as Buy at BB&T.
CRZO started as Buy at Sun Trust Robinson Humphrey.
FIF raised to Outperform at Piper Jaffray.
HAS cut to Underweight at JPMorgan.
JNPR cut to Neutral at UBS.
OCNF started as Buy at Cantor Fitzgerald.
OHI started as Neutral at UBS.
OPWV cut to Underweight at JPMorgan; cut to Underperform at CIBC.
ORBC started as Mkt Perform at Piper Jaffray.
REG started as Neutral at Baird.
SFLY started as Strong Buy at JMP Securities.
SWIR raised to Outperform at CIBC.
SLR raised to Neutral at Credit Suisse.
TELK cut to Mkt Perform at Wachovia.
TRMP cut to Underperform at Bear Stearns.
WRI started as Outperform at Baird.
XEC cut to Neutral at UBS.

Jon C. Ogg
June 5, 2007

Posted on: June 5, 2007 – 6:37 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , ,