Harbinger purchases 610,000 additional shares of Openwave stock

By Lisa Kerner

Charlotte, N.C., March 8 - Openwave Systems, Inc. investor Harbinger Capital Partners Special Situations Fund, LP purchased 610,000 shares of the company's stock on March 6 and March 7 priced from $8.20 to $8.30, according to a schedule 13D filing with the Securities and Exchange Commission.

Harbinger, which beneficially owns 7,684,950 shares, or 8.1%, of the Redwood City, Calif., software company, has been critical in the past few weeks of the company's management, describing the board as being "out of touch" with stockholders.

Specifically, Harbinger accused Openwave of misleading its shareholders during a proxy contest over the company's $100 million stock repurchase plan.

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