Dave Peterschmidt is out as CEO of Openwave, and this is a very good thing. Even better, the company is being shopped. Best news: Jerry Held is on the committee doing the shopping. Not that I agree with Jerry on everything, but on the whole he’s pretty astute.
Openwave will probably find a buyer at a decent price. Dave’s bad, but he doesn’t completely destroy companies; there should still be some value there.