Research In Motion Reports First Quarter Results WATERLOO, ONTARIO, Jun 28, 2007 (CCNMatthews via COMTEX) -- (CCN Mathews) Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported first quarter results for the three months ended June 2, 2007 (all figures in U.S. dollars and U.S. GAAP). Revenue for the first quarter of fiscal 2008 was $1.082 billion, up 16.3% from $930.4 million in the previous quarter and up 76.5% from $613.1 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 76% for devices, 16% for service, 5% for software and 3% for other revenue. During the quarter, RIM shipped approximately 2.4 million devices. The total number of BlackBerry subscriber accounts in the quarter increased by approximately 1.2 million to over 9 million total subscriber accounts. "We are starting fiscal 2008 with strong operating performance, including record revenue, earnings and subscriber results," said Jim Balsillie, Co-CEO at RIM. "After completing our first billion dollar quarter, we are now preparing to ship the 20 millionth BlackBerry handset this summer. This growth is a testament to our strong portfolio of products and services and our successful channel expansion. We look forward to the remainder of the year in which we anticipate continued growth within both North American and international markets." GAAP net income for the quarter was $223.2 million, or $1.17 per share diluted, as compared with net income of $187.4 million, or $0.98 per share diluted, in the prior quarter. Adjusted net income excluding stock option expense of $5.3 million was $228.5 million, or $1.20 per share diluted. The adjusted net income and earnings per share do not have any standardized meaning prescribed by GAAP and therefore are unlikely to be comparable to similar measures presented by other issuers. These adjusted measures should be considered in the context of RIM's GAAP results. This is the last quarter that RIM will be reporting net income and earnings per share adjusted for stock option expense. Revenue for the second quarter of fiscal 2008 ending September 1, 2007 is expected to be in the range of $1.3-$1.365 billion. Subscriber account additions in the second quarter are expected to be in the range of 1.325-1.375 million. GAAP earnings per share for the second quarter are expected to be in the range of $1.37-$1.49 diluted or 45-49 cents per share diluted on a post-split basis, factoring the effective 3-for-1 stock split announced separately today. The total of cash, cash equivalents, short-term and long-term investments was $1.56 billion as at June 2, 2007, compared to $1.41 billion at the end of the previous quarter, an increase of $150 million over the prior quarter. Highlights of the First Quarter: Click here for additional information The replay of the company's Q1 conference call can be accessed after 7 p.m. (eastern), June 28, 2007 until midnight (eastern), July 12, 2007. It can be accessed by dialing 416-640-1917 and entering passcode 21221686#. The conference will also appear on the RIM web site, live at 5:00 pm (eastern) and archived at http://www.rim.com/investors/events/index.shtml until midnight August 2, 2007. About Research In Motion (RIM) Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry(R) wireless platform, the RIM Wireless Handheld(TM) product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (NASDAQ:RIMM) and the Toronto Stock Exchange (TSX:RIM). For more information, visit www.rim.com or www.blackberry.com. This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws relating to RIM's revenue and earnings expectations for the second quarter of fiscal 2008, anticipated growth in subscribers, anticipated gains in market share and growth during the current fiscal year, and plans relating to RIM and its carrier partners. The terms and phrases "anticipate", "continued", "continuing to", "expected", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RIM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RIM believes are appropriate in the circumstances. Many factors could cause RIM's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks relating to RIM's intellectual property rights; risks related to RIM's review of its historical option granting practices, the restatement of its previously filed financial statements as a result of the review, and regulatory investigations and litigation relating to these matters; RIM's ability to enhance current products and develop new products; RIM's reliance on carrier partners, third-party network developers and suppliers; and intense competition. These risk factors and others relating to RIM are discussed in greater detail in the "Risk Factors" section of RIM's Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov) and RIM's other public filings with the Securities and Exchange Commission and Canadian securities regulators. These factors should be considered carefully, and readers should not place undue reliance on RIM's forward-looking statements. RIM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. Click here for additional information SOURCE: Research In Motion Media Contact: Brodeur for RIM Marisa Conway (212) 515-1924 Email: mconway@brodeur.com Investor Contact: RIM Investor Relations (519) 888-7465 Email: investor_relations@rim.com Copyright (C) 2007 CCNMatthews. All rights reserved.
Traded it twice after the close Long from 179.95 sold 182.50 Short 185.80 covered 182.90 $2.55 profit LONG $2.90 profit SHORT
185, If i were long the stock before the close I would be taking some profits. I remember a quarter not to long ago where RIMM was up about 10 points, the next day it ended down.
I am right again I recommend stocks that go up. I made my first rimm rec at 125 and then at 135 after the selloff 3 months ago and again at 170. Michael scott did you cover putz?..lol I know how the market works. I know how stocks work. It is very easy once you get the hang of it.
I think a 20% gain in this stock is possible by tomorrow or before the end of next week. what do you guys think?
WOW look at it go I made a couple thousand bucks this afternoon from this making money with stocks is easy when you buy the ones that go up I was long at 135 and 125 and 170 behold my greatness GOOG recommeded at 413 last year... And CHAP at 35..no kidding im serious AAPL??? LOL NAILED IT at 55 last year and at 70 and at 90 Buffet and cramer and stockpickr can't pick stocks like I can. GS I was in at 200