Openwave Systems (formerly Phone.com & Software.com) (OPWV) Message Board

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Technology Stocks : Openwave Systems (formerly Phone.com & Software.com) (OPWV)

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To: Jong Hyun Yoo who wrote (171)	9/15/2003 3:54:51 PM
From: FR1	of 184

Notice of special meeting Oct 1st. Did everybody get one of these in the mail this morning? It appears they are saying: "...to effect a reverse stock split of the COompany's common stock whereby each outstanding 3, 4 or 5 shares of common stock...would be combined to one share." I hate reverse stock splits and it is usually reserved for people in trouble. I don't think that is the case here. My guess is that they want to get the share price well above $5/share because a lot of mutual funds are not allowed to buy stock priced below $5/share. Just a wild guess. Anybody have any thoughts or knowledge on the subject?

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