Openwave (OPWV) surges 29.3% AH after announcing a patent licensing deal with Microsoft (MSFT)....

|By:, SA News Editor

Openwave (OPWV) surges 29.3% AH after announcing a patent licensing deal with Microsoft (MSFT). The deal, reported 2 months after Openwave sued Apple (AAPL) and Research In Motion (RIMM), was the main factor behind the company's blowout FQ1 results (revenue of $52.4M and EPS of $0.11 vs. consensus of $34.3M and -$0.07).