Last $2.17 USD
Change Today -0.10 / -4.41%
Volume 659.4K
UPIP On Other Exchanges
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As of 8:10 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

unwired planet inc (UPIP) Snapshot

Open
$2.27
Previous Close
$2.27
Day High
$2.27
Day Low
$2.14
52 Week High
04/22/14 - $2.31
52 Week Low
12/12/13 - $1.26
Market Cap
238.2M
Average Volume 10 Days
900.7K
EPS TTM
$-0.36
Shares Outstanding
109.8M
EX-Date
06/13/07
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for UNWIRED PLANET INC (UPIP)

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unwired planet inc (UPIP) Details

Unwired Planet, Inc. develops patents that allow mobile devices to connect to the Internet. Its patent portfolio consists of approximately 200 issued United States and foreign patents, and approximately 60 pending applications that cover technologies applicable to the mobile industry. The company licenses its patented innovations and technologies to companies that develop mobile communications, software infrastructure, or hardware and/or develop mobile communications products. The company was formerly known as Openwave Systems, Inc. and changed its name to Unwired Planet, Inc. in May 2012. Unwired Planet, Inc. was founded in 1994 and is headquartered in Reno, Nevada.

16 Employees
Last Reported Date: 09/9/13
Founded in 1994

unwired planet inc (UPIP) Top Compensated Officers

Principal Executive Officer, President, Chief...
Total Annual Compensation: $181.8K
Vice President and General Manager of Intelle...
Total Annual Compensation: $250.0K
Vice President and General Manager of Intelle...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

unwired planet inc (UPIP) Key Developments

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. Announces Executive Changes

Unwired Planet, Inc. announced changes to the company's board of directors. Effectively immediately, Richard Chernicoff has been appointed to the company's board of directors. Mike Mulica and Peter Feld have resigned from the board of directors effective March 26, 2014. Mike Mulica has agreed to assume a consulting role as Chairman Emeritus and will remain Chairman of the company's technology committee. Mr. Chernicoff has many years of intellectual property litigation and licensing experience. Mr. Chernicoff was president of Tessera Intellectual Property Corp. His prior experience includes running corporate development and the intellectual property business of SanDisk Corporation and as President of Unity Semiconductor, which was acquired by Rambus.

Unwired Planet, LLC and Unwired Planet, Inc. Enter into Patent License Agreement with Lenovo PC International Limited and Patent Purchase Agreement with Lenovo Group Limited

On March 20, 2014, Unwired Planet, LLC, an indirect subsidiary of Unwired Planet Inc. entered into a patent license agreement with Lenovo PC International Limited and a Patent purchase agreement with Lenovo Group Limited. Pursuant to the license agreement, the company granted Lenovo and its affiliates a term-based, non-exclusive, non-transferable license to the company’s patent portfolio for the purposes of making, using, selling, offering for sale and importing mobile devices. Under the license agreement, the company will receive an initial payment from Lenovo by April 17, 2014. Lenovo will pay the company certain royalty payments during the term of the license agreement for sales of mobile devices, such royalty payments to be creditable against the upfront license agreement payment and additional royalty payments if and when the royalties payable exceed the upfront license agreement payment. The term of the license agreement will be five years from March 20, 2014, provided that under certain circumstances the license agreement may renew for one additional two year period. During the term of the license agreement Lenovo has the right to terminate the license agreement upon at least 30 days prior written notice to the company, provided that Lenovo will not be entitled to any refund of any payments made. The license agreement contains other reciprocal terms and conditions, including, but not limited to representations and warranties, restrictions on transfer and confidentiality provisions. Pursuant to the purchase agreement, the company will sell 21 patent families covering technology utilized in telecommunications infrastructure including mobile device technologies to Lenovo. Under the purchase agreement, the company will receive a payment from Lenovo by April 17, 2014 in consideration for the sale and assignment to Lenovo of the Patents. The purchase agreement contains other reciprocal terms and conditions, including, but not limited to representations and warranties, restrictions on transfer and confidentiality provisions. In connection with this transaction, the company purchased certain patent families from Telefonaktiebolaget L M Ericsson for a total consideration of $10 million which amount is over and above the revenue sharing agreement pursuant to the master sale agreement, dated January 10, 2013, as previously disclosed by the company.

 

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UPIP

Industry Average

Valuation UPIP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2,154.3x
Price/Book 5.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1,515.1x
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