Last $1.91 USD
Change Today -0.09 / -4.50%
Volume 312.3K
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As of 8:10 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

unwired planet inc (UPIP) Key Developments

Unwired Planet, Inc. Announces Executive Changes

On June 2, 2014, the board of directors of Unwired Planet, Inc. appointed Philip A. Vachon as the company's principal executive officer, replacing Eric Vetter in that role. Mr. Vetter will continue as the company's President, Chief Financial Officer and Chief Administrative Officer. Mr. Vachon, has served as one of the company's directors since June 2013 and as Chairman of the Board of Directors of the company since July 2013.

Dallas Clement Joins Unwired Planet's Board of Directors

Unwired Planet announced that Dallas Clement was appointed to the company's board of directors. Mr. Clement is executive vice president and chief financial officer for Cox Automotive. In this role, Mr. Clement leads all of the company's finance functions, as well as legal, corporate development, strategy and investor relations activities.

Unwired Planet, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended March 31, 2014

Unwired Planet, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended March 31, 2014. For the quarter, operating loss from continuing operations was $7,924,000 against $11,227,000 a year ago. Loss from continuing operations was $9,373,000 or $0.09 per basic and diluted share against $12,270,000 or $0.13 per basic and diluted share a year ago. Net loss was $9,431,000 or $0.09 per basic and diluted share against $12,184,000 or $0.13 per basic and diluted share a year ago. Non-GAAP net loss was $8,433,000 or $0.08 per share against $5,844,000 or $0.06 per share a year ago. For the nine months, operating loss from continuing operations was $21,613,000 against $29,961,000 a year ago. Loss from continuing operations was $23,971,000 or $0.22 per basic and diluted share against $30,915,000 or $0.34 per basic and diluted share a year ago. Net loss was $23,910,000 or $0.22 per basic and diluted share against $38,904,000 or $0.43 per basic and diluted share a year ago. Net cash used in operating activities was $4,372,000 against $62,320,000 a year ago. Purchases of property and equipment were $62,000 against $37,000 a year ago. Non-GAAP net loss was $22,121,000 or $0.21 per share against $19,970,000 or $0.22 per share a year ago.

Unwired Planet, Inc. Completes its Patent License and Purchase Transaction with Lenovo

Unwired Planet, Inc. announced it has completed its patent license and purchase transaction with Lenovo. The agreements called for $100 million upfront payment for both a pre-payment on the license and for the sale of 142 patents. Net proceeds to Unwired Planet, after payments to Ericsson, total $70 million. Under the terms of the agreement, Lenovo is licensed to Unwired Planet's intellectual property portfolio for a number of years, covering standard essential, implementation, and application layer technology for mobile devices. Following the transaction, Unwired Planet's portfolio consists of approximately 2,500 issued and pending US and foreign patents. The patent purchase consists of 21 patent families owned by Unwired Planet, including patents for 3G and LTE mobile technologies and other important mobility patents.

Unwired Planet, Inc., Q3 2014 Earnings Call, May 01, 2014

Unwired Planet, Inc., Q3 2014 Earnings Call, May 01, 2014

 

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