REDWOOD CITY, Calif. (AP) -- Mobile technology software maker Openwave Systems Inc. said Thursday that it is reviewing strategic options for its messaging and mediation businesses and has hired Jefferies and Co. as an adviser in the matter.
Openwave did not say what its plans are for the businesses. But the company said it wants to focus on its "intellectual property initiative," that is, its portfolio of about 200 patents covering mobile devices and the mobile Internet.
The company's shares rose 10 cents, or 5.6 percent, to $1.87 in midday trading. The stock has traded in a 52-week range of $1.17 and $2.67.
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