- Along with its FQ1 results, Unwired Planet (UPIP) announces it has named Jim Wheat, the CFO of HPC system maker SGI from 2008-2012, its new CFO, effective Nov. 2. Wheat replaced interim CFO Kip Witter III.
- The mobile IP licensing firm ended FQ1 with $77.3M in cash and short-term investments, down from $85.5M at the end of FQ4. Long-term notes payable stood at $31M.
- Recognized revenue of $1.3M stemmed from the Lenovo licensing deal, and backs out $0.3M in revenue-sharing payments to Ericsson. Patent licensing expenses rose by $0.3M Y/Y to $7.8M; G&A spend fell by $2.6M to $2.5M.
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FQ1 results, PR