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To: All Persons Or Entities Who Purchased Or Otherwise Acquired Common Stock Of Openwave Systems Inc. ('Openwave') Between September 30, 2002 And October 26, 2006, Inclusive, And Were Injured Thereby

Posted on: Wednesday, 10 December 2008, 08:08 CST

NEW YORK, Dec. 10 /PRNewswire/ -- The following statement is being issued by Bernstein Litowitz Berger & Grossmann LLP regarding the Openwave Systems Securities Litigation.

SUMMARY NOTICE OF PROPOSED SETTLEMENT, SETTLEMENT

FAIRNESS HEARING, AND MOTION FOR ATTORNEYS' FEES

AND REIMBURSEMENT OF LITIGATION EXPENSES IN THE

OPENWAVE SYSTEMS SECURITIES LITIGATION

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK

IN RE: OPENWAVE SYSTEMS Master File SECURITIES LITIGATION 07 Civ. 1309 (DLC)

This Document Relates to: All Cases

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF OPENWAVE SYSTEMS INC. ("OPENWAVE") BETWEEN SEPTEMBER 30, 2002 AND OCTOBER 26, 2006, INCLUSIVE, AND WERE INJURED THEREBY.

PLEASE READ THIS NOTICE CAREFULLY. YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and Orders of the United States District Court for the Southern District of New York, (i) of the pendency of this action (the "Consolidated Action") as a class action on behalf of the persons and entities described above (the "Class"), except for certain persons and entities who are excluded from the Class by definition; and (ii) that a settlement for $20 million in cash has been proposed. A hearing will be held before the Honorable Denise Cote, at the United States District Court for the Southern District of New York, 500 Pearl Street, Courtroom 11B, New York, NY 10007 at 2:30 p.m. on February 27, 2009 (i) to determine whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate; (ii) to determine whether the Settled Claims against Defendants and other Released Parties should be dismissed with prejudice; (iii) to determine whether the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) to consider the application of Lead Counsel for attorneys' fees and reimbursement of expenses.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED BY THE PENDING ACTION AND THE SETTLEMENT, AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency of Class Action and Proposed Settlement, Settlement Fairness Hearing, and Motion for Attorneys' Fees and Reimbursement of Litigation Expenses (the "Notice") and Proof of Claim form (the "Claim Form"), you may obtain copies of these documents by contacting the Claims Administrator:

In re Openwave Systems Inc. Securities Litigation,

c/o The Garden City Group, Inc.

P.O. Box 9317

Dublin, OH 43017-4217

(800) 765-2442

Copies of the Notice and Claim Form may also be downloaded from: www.blbglaw.com or from the website maintained for the Settlement at www.OpenwaveSystemsSecuritiesLitigationSettlement.com.

If you are a Class Member, in order to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form no later than March 25, 2009. If you are a Class Member and do not exclude yourself from the Class, you will be bound by any judgment entered in the Action whether or not you make a Claim. To exclude yourself from the Class, you must submit a request for exclusion postmarked no later than February 6, 2009, in accordance with the instructions set forth in the Notice. Any objections to the proposed Settlement, Plan of Allocation and/or application for attorneys' fees and reimbursement of expenses must be filed with the Court and delivered to Lead Counsel for the Class no later than February 6, 2009 in accordance with the instructions set forth in the Notice. If you are a Class Member and do not submit a proper Claim Form, you will not share in the Settlement Fund but you will nevertheless be bound by the Judgment of the Court.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE. Inquiries, other than requests for the Notice and Claim Form, may be made to Lead Counsel:

Amanda Figueroa

Bernstein Litowitz Berger & Grossmann LLP.

1285 Avenue of the Americas

New York, NY 10019

1 (800) 380-8496

SOURCE Bernstein Litowitz Berger & Grossmann LLP

Source: PR Newswire

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