Unwired Planet Inc (NASDAQ:UPIP)

CAPS Rating: 1 out of 5

The Company provides software and services to mobile and wireline operators, broadband service providers, and handset manufacturers.

Recs

1
Player Avatar dsage1 (84.08) Submitted: 6/1/2008 9:18:00 PM : Underperform Start Price: $1.98 UPIP Score: +84.59

Negative:

1. They have a starbucks inside their corporate headquarters, which employees get in the morning for free... I can understand this perk if you were profitable... maybe. Poor culture.
2. Have you looked at their business model?? They have no moat. Wireless companies build their own browsers. Verizon could do that too, which would destroy openwave.
3. I'm sure that more scandals are yet to come. With the stock option backdating, senior management turnover, etc there are still skeletons in the closet.

Positive:

1. A serious reorganization is needed. At least they have already fallen a long way... the last bit should not be as hard.

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