TPS Position Update – August 28, 2013

August 28, 2013

. . . . Unwired Planet (NASDAQ: UPIP) – Hold

Just a quick update on UPIP for those of you still holding the stock.

The company has a Rights Offering coming up in the next couple weeks, which basically gives shareholders the chance to buy more shares for $1.66.  Since the shares are already trading for $1.69, there’s really no benefit to participate in this offering.

By the same token, the offering is already priced into the stock, so there’s no reason to sell here.  We believe UPIP has plenty of upside potential based on their intellectual property portfolio.

Go ahead and hang on to your UPIP shares if you own them.  Otherwise, just ignore this Rights Offering.

Please Note:

We don’t necessarily review every open position in each Position Update.  We focus on the positions experiencing significant news, notable price movement, or a change in recommendation.  Please refer to the Performance page on our website for our current buy, sell, or hold recommendation for any positions not mentioned in the Update.

Action To Take

• None at this time.

Category: TPS Update