Openwave Systems (OPWV) misses EPS estimates by a wide shot on higher expenditures and poor...

|By:, SA News Editor

Openwave Systems (OPWV) misses EPS estimates by a wide shot on higher expenditures and poor product mix. The company announces plans to restructure its business and to reduce its workforce by 18 - 20% beginning in Q212. Shares -6.3% AH.