-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GjdEK0IvRu9Aeg6QXGv88aHoeQM49TQ9xf8Az7Vjg/t2K7kBDUhBDhB0ljb3b6Nn yY3vOWIupAsrF+9EJkT1kQ== 0001012870-01-501400.txt : 20010703 0001012870-01-501400.hdr.sgml : 20010703 ACCESSION NUMBER: 0001012870-01-501400 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20010702 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPENWAVE SYSTEMS INC CENTRAL INDEX KEY: 0001082506 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 943219054 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-16073 FILM NUMBER: 1674067 BUSINESS ADDRESS: STREET 1: 800 CHESAPEAKE DRIVE CITY: REDWOOD CITY STATE: CA ZIP: 94063 BUSINESS PHONE: 6505620200 MAIL ADDRESS: STREET 1: 800 CHESAPEAKE DRIVE CITY: REDWOOD CITY STATE: CA ZIP: 94063 FORMER COMPANY: FORMER CONFORMED NAME: PHONE COM INC DATE OF NAME CHANGE: 19990504 FORMER COMPANY: FORMER CONFORMED NAME: UNWIRED PLANET INC DATE OF NAME CHANGE: 19990324 8-K 1 d8k.txt CURRENT REPORT ON FORM 8-K - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 July 2, 2001 (Date of earliest event reported) Openwave Systems Inc. (Exact name of Registrant as specified in its charter) Delaware 000-25687 94-3219054 (State of incorporation or (IRS Employer Identification organization) (Commission File No.) No.)
1400 Seaport Boulevard Redwood City, CA 94063 (Address of principal executive offices) (650) 480-8000 (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits.
Exhibit No. Description ------- ----------- 99.1 Unaudited consolidated statements of operations for the years ended June 30, 2000, 1999 and 1998. 99.2 Unaudited consolidated statements of cash flows for the years ended June 30, 2000, 1999 and 1998.
Item 9. Regulation FD Disclosure. Pursuant to its application for the qualification of the issuance of common stock in connection with the acquisition of Avogadro, Inc., Openwave Systems Inc. filed today with the California Department of Corporations certain unaudited consolidated financial information as required under Sections 260.121 and 260.613 of Title 10 of the California Administrative Code. As required by Regulation FD, the Company has filed this Form 8-K to publicly disclose the unaudited financial information available in the California Department of Corporations filing. This information includes the unaudited consolidated statements of operations and cash flows for the years ended June 30, 2000, 1999 and 1998. The unaudited consolidated financial information gives retroactive effect to the merger of Silver Merger Sub Inc., a wholly owned subsidiary of Openwave Systems Inc. with and into Software.com, Inc. which has been accounted for as a pooling of interests. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. Openwave Systems Inc. /s/ Alan Black By: _________________________________ Name: Alan Black Title: Senior Vice President, Corporate Affairs, Chief Financial Officer Date: July 2, 2001 3 EXHIBIT INDEX
Exhibit No. Description ------- ----------- 99.1 Unaudited consolidated statements of operations for the years ended June 30, 2000, 1999 and 1998. 99.2 Unaudited consolidated statements of cash flows for the years ended June 30, 2000, 1999 and 1998.
4 EX-99.1 2 dex991.txt UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS EXHIBIT 99.1 OPENWAVE SYSTEMS INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data)
Years ended June 30, ----------------------------- 2000 1999 1998 --------- -------- -------- Revenues: License....................................... $ 93,126 $ 32,076 $ 17,984 Maintenance and support services.............. 25,835 13,507 4,396 Professional services......................... 27,447 14,800 6,558 --------- -------- -------- Total revenues.............................. 146,408 60,383 28,938 --------- -------- -------- Cost of revenues: License....................................... 6,742 3,046 1,663 Maintenance and support services.............. 14,889 5,797 2,700 Professional services......................... 16,971 8,685 5,161 --------- -------- -------- Total cost of revenues...................... 38,602 17,528 9,524 --------- -------- -------- Gross profit................................ 107,806 42,855 19,414 --------- -------- -------- Operating expenses: Research and development...................... 59,889 28,934 17,822 Sales and marketing........................... 68,421 33,597 19,541 General and administrative.................... 24,061 12,099 7,277 Stock-based compensation...................... 10,184 2,236 335 Amortization of goodwill and other intangible assets....................................... 216,614 329 -- In-process research and development........... 27,700 3,210 -- Merger, acquisition, and integration related costs........................................ 10,395 -- -- --------- -------- -------- Total operating expenses.................... 417,264 80,405 44,975 --------- -------- -------- Operating loss.............................. (309,458) (37,550) (25,561) Interest income, net............................ 23,220 2,829 446 --------- -------- -------- Loss before income taxes.................... (286,238) (34,721) (25,115) Income taxes.................................... (2,019) (2,316) (446) --------- -------- -------- Net loss.................................... $(288,257) $(37,037) $(25,561) Accretion on redeemable convertible preferred stock.......................................... -- (403) (825) --------- -------- -------- Net loss attributable to common stockholders............................... $(288,257) $(37,440) $(26,386) ========= ======== ======== Basic and diluted net loss attributable to common stockholders per share.................. $ (2.06) $ (0.52) $ (0.47) ========= ======== ======== Shares used in computing basic and diluted net loss attributable to common stockholders per share.......................................... 139,921 71,514 56,617 ========= ======== ========
EX-99.2 3 dex992.txt UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS EXHIBIT 99.2 OPENWAVE SYSTEMS INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands)
Years ended June 30, ----------------------------- 2000 1999 1998 --------- -------- -------- Cash flows from operating activities: Net loss...................................... $(288,257) $(37,037) $(25,561) Adjustments to reconcile net loss to net cash provided by (used for) operating activities: Depreciation and amortization............... 225,425 3,922 2,739 Amortization of deferred stock-based compensation............................... 6,413 2,236 335 Nonemployee equity-based compensation....... 3,771 -- -- Loss on disposal of assets.................. 10 10 -- Accrued interest on convertible notes....... 26 -- -- Provision for doubtful accounts............. 1,907 790 554 In-process research and development......... 27,700 3,210 -- Changes in operating assets and liabilities: Accounts receivable....................... (41,832) (32,219) (9,857) Prepaid expenses and other assets......... (6,354) (2,148) (367) Accounts payable.......................... (2,423) 3,309 1,314 Accrued liabilities....................... 11,535 7,578 2,600 Deferred revenue.......................... 53,824 36,483 6,387 --------- -------- -------- Net cash used for operating activities.. (8,255) (13,866) (21,856) --------- -------- -------- Cash flows from investing activities: Purchases of property and equipment, net...... (28,374) (5,839) (1,957) Restricted cash and short term investments.... (20,700) -- -- Purchases of short-term investments........... (622,538) (84,877) (32,842) Proceeds from maturities of short-term investments.................................. 255,988 47,129 16,375 Acquisitions, net of cash acquired............ (32,694) (1,601) -- Other assets.................................. (386) (190) (746) --------- -------- -------- Net cash used for investing activities.. (448,704) (45,378) (19,170) --------- -------- -------- Cash flows from financing activities: Net proceeds from issuance of convertible preferred stock.............................. 15,783 29,979 37,532 Issuance of common stock...................... 410,411 139,062 883 Repayment of notes receivable from stockholders................................. 235 11 12 Proceeds (repayments) of note payable to bank, net.......................................... (546) (7,635) 3,157 Proceeds from capital lease obligations and long-term debt............................... 5,000 7,613 4,659 Repayments of capital lease obligations and long-term debt............................... (3,189) (1,747) (801) --------- -------- -------- Net cash provided by financing activities............................. 427,694 167,283 45,442 --------- -------- -------- Effect of exchange rate on cash and cash equivalents.................................... $ (172) $ -- $ -- --------- -------- -------- Effect of conforming fiscal year ends........... 23,044 -- -- --------- -------- -------- Net increase (decrease) in cash and cash equivalents.................................... (6,393) 108,039 4,416 Cash and cash equivalents at beginning of year.. 126,978 18,939 14,523 --------- -------- -------- Cash and cash equivalents at end of year........ $ 120,585 $126,978 $ 18,939 ========= ======== ========
-----END PRIVACY-ENHANCED MESSAGE-----