Openwave's CEO Resigns, Company Posts Preliminary Results

Openwave Systems named Bruce Coleman as interim chief executive officer effective immediately, succeeding Robert Vrij, who resigned from the position of president and CEO. A search is underway for a permanent CEO.


Openwave also announced preliminary results for its third quarter ended March 31, 2008. Revenue is expected to be approximately $58 million. The shortfall in revenue versus prior quarter was due to a reduction in maintenance and support and services revenue. The company expects gross margin on a GAAP basis to be approximately 57% and approximately 61% on a non-GAAP basis.
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