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  OPENWAVE'S BOARD OF DIRECTORS TO REVIEW HARBINGER OFFER AND PROVIDE RECOMMENDATION
  

  REDWOOD CITY, Calif. - May 22, 2007 -- Openwave Systems, Inc. (NASDAQ: OPWV) today confirmed that it had received an unsolicited partial tender offer from Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (collectively, "Harbinger") to purchase up to 40,389,560 shares of Openwave common stock, or approximately 49% of the Company's outstanding shares, for $8.30 per share in cash.

Openwave's Board of Directors, consistent with its fiduciary duties, and in consultation with its financial and legal advisors, will carefully review and consider Harbinger's unsolicited partial tender offer and will, within ten business days (as required by the tender offer rules), advise Openwave's shareholders of the Board's position regarding the offer as well as its reasons for that position.

Accordingly, Openwave urges its shareholders to defer making a determination whether to accept or reject Harbinger's unsolicited partial tender offer until they have been advised of the position of Openwave's Board of Directors.

Merrill Lynch & Co. is acting as financial advisor to Openwave and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel.

About Openwave
Openwave Systems Inc. (Nasdaq: OPWV) is one of the world's leading innovators of software applications and infrastructure designed to enable revenue-generating, personalized services, including mobile analytics, content adaptation, mobile and broadband advertising, and a suite of unified messaging solutions.

As the communications industry intersects with the Internet, Openwave software enables service providers to converge services, increasing the value of their networks by accelerating time to market and reducing the cost and complexity associated with new service deployment. Openwave's unique product portfolio provides a complete range of mobile internet service management, messaging, and location based solutions. Openwave is a global company with a blue chip customer base spanning North America, Latin America, Australia and New Zealand, Asia, Africa, Europe, and the Middle East. Openwave is headquartered in Redwood City, California. For more information please visit www.openwave.com.

Cautionary Note Regarding Forward Looking Statements
 
This release contains forward-looking statements relating to expectations, plans, prospects, or financial results for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave's management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The exploration of strategic alternatives by the Company's Board or the unsolicited partial tender offer by Harbinger may not result in a transaction that the Board would support or one that would garner shareholder approval. Notwithstanding changes that may occur with respect to matters relating to any forward looking statements, Openwave does not expect to, and disclaims any obligation to, update such statements. Openwave, however, reserves the right to update such statements or any portion thereof at any time for any reason.

For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's amended Annual Report on Form 10-K/A for the year quarter ended June 30, 2006, and any subsequently filed reports. All documents also are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov or from Openwave's web site at http://www.openwave.com.

For Additional Information
Openwave's shareholders, employees and customers are strongly advised to carefully read Openwave's solicitation/recommendation statement regarding this tender offer, which will contain important information, when it becomes available. Free copies of the solicitation/recommendation statement, which will be filed by Openwave with the Securities and Exchange Commission, will be available at the SEC's web site at www.sec.gov, or at the Investor Relations section of the Openwave web site at www.openwave.com, and will also be available, without charge, by directing requests to Openwave's Investor Relations department.

 
Openwave is the trademark of Openwave Systems Inc. All other trademarks are the properties of their respective owners.

For further information:
 
Contact Openwave Worldwide Public Relations

Openwave Systems Inc.
Mike Bishop
Investor Relations
Tel: 650-480-4461
investor@openwave.com

Joele Frank, Wilkinson Brimmer Katcher
Matthew Sherman
Tel: 212-355-4449
msherman@joelefrank.com

  



 
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