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News
Issue #2001 - 17 (Apr. 2001)
(Updated April 25, 2001)

ACQUISITIONS, MERGERS & AGREEMENTS

RIM Releases Q4 Results

Amidst the daily gloom and doom economic predictions, Research in Motion Limited out of Waterloo, Ontario is basking in the glory of beating the Q4 estimates handed down by financial analysts.

The bellwether pager manufacturer announced that its fourth quarter earnings of $90.1-million, exceeding analysts’ estimates of $75.2-million, marked a 46 percent increase over the previous quarter of $61.6-million and 246 percent over the same quarter last year.

The company said the results were due to growth in two areas: the increase in the number of BlackBerry™ subscribers, edging close to 164,000 subscribers in 7,800 companies at year end, and substantial growth in RIM Wireless Handheld shipments.

Commenting on the company’s future prospects, Jim Balsillie, chairman and co-CEO, said, "We are well positioned for our entry to new international markets with next-generation products. We have the resources necessary to execute our business plan and extend our competitive lead, and we expect to repeat our success during the upcoming year."

Even though the company has boasted that it has no competition, phone manufacturers the likes of Motorola and Nokia and Ericsson are waiting in the wings with the launch of GPRS-enabled phones with instant e-mail access.

Year-End Highlights

  • European Agreements
  • Supply BT Cellnet with BlackBerry Enterprise Edition, including 175,000 Blackberry Wireless Handhelds with accompanying software and service
  • Offer Blackberry to the corporate customers of Esat Digifone, based in Ireland, and Telfort Mobiel B.V. of the Netherlands, as both companies will deploy GPRS networks to support the Blackberry wireless e-mail solution
  • Blackberry Enterprise Edition for Lotus® Domino™ was introduced
  • Alliance with IBM to offer BlackBerry to companies worldwide, as part of the IBM Global Services portfolio
  • Partnership with Kasten Chase to provide secure wireless access to the U.S. Government’s Defense Message System via BlackBerry
  • Alliance with Lucent Technologies, focusing on the commercialization of 3G mobile solutions

For more information: http://www.rim.net/news/press/pr-11_04_2001.shtml

Mobileinfo Comments and Advisory: RIM continues to be an exception in our industry in beating market acceptance of its technology. They have enough cash to push forward their product strategy.

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.


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