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RIM posts Q1 profit of $55 million US

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Posted by: hofo_mofo

RIM posts Q1 profit of $55 million US
Last Updated Tue, 29 Jun 2004 17:18:21
WATERLOO, ONT. - Research In Motion Ltd. (TSX:RIM) has posted a first quarter profit of $55 million US, a sharp turnaround from its $8.2 million US loss for the same period last year, the company announced Tuesday.

Profit amounted to 28 cents per diluted share, compared with a loss of 5 cents per diluted share in the first three months last year.



Sales were $269.6 million US, up 158 per cent from $104.5 million US for the same period in 2003.

RIM said the number of subscribers to its wireless e-mail BlackBerry device increased by about 270,000 during the quarter to approximately 1.3 million.

The Waterloo-based company increased guidance for the current quarter with revenue projected to climb to between $290 million and $310 million US, with third quarter sales reaching as high as $360 million US.

Shares of RIM, which reported its earnings after the close of trading, were down $2.20 at $80 on the TSX.



Written by CBC News Online staff


Posted by: NJBlackBerry

As of now, RIMM shares are at 68.43, up $9.05 (15.24%).


Posted by: hofo_mofo

sweet mother of pearl!


Posted by: NJBlackBerry

And that's in USD - what, that would be like up 200,000 CDN, right?

<JUST KIDDING>


Posted by: hofo_mofo

heheh, our dollar is doing pretty well..

but man...im glad man...im GLAD is ripping big time into the market...they need to tweak their devices a little more for different users, but as it is for business its perfect


Posted by: NJBlackBerry

7730 hitting T-Mobile's customers this week. Quad band/BT coming soon (not that we know anything about it); WiFi; and the mother of all upgrades - 4.0! Future is bright for RIM.

Important disclosure: I sold my RIM stock for $46.50 BEFORE THEY SPLIT. Genius. What a genius.


Posted by: hofo_mofo

there there...its okay...


Posted by: DiscoRage

Quote:
Originally posted by hofo_mofo
RIM posts Q1 profit of $55 million US
Last Updated Tue, 29 Jun 2004 17:18:21
WATERLOO, ONT. - Research In Motion Ltd. (TSX:RIM) has posted a first quarter profit of $55 million US, a sharp turnaround from its $8.2 million US loss for the same period last year, the company announced Tuesday.

Profit amounted to 28 cents per diluted share, compared with a loss of 5 cents per diluted share in the first three months last year.



Sales were $269.6 million US, up 158 per cent from $104.5 million US for the same period in 2003.

RIM said the number of subscribers to its wireless e-mail BlackBerry device increased by about 270,000 during the quarter to approximately 1.3 million.

The Waterloo-based company increased guidance for the current quarter with revenue projected to climb to between $290 million and $310 million US, with third quarter sales reaching as high as $360 million US.

Shares of RIM, which reported its earnings after the close of trading, were down $2.20 at $80 on the TSX.



Written by CBC News Online staff


F*ckin' eh! It's good to see a Canadian company doing so well on a world level.

It's about time Canada started getting a little respect for everything we've done in the world of communications.


Posted by: hofo_mofo

ATI and RIM are killing the market baby...raise dah roof


Posted by: Quixote

Just read the paper about how RIM refuses to add additional features to their PDA. Stuff like hardcore MP3 technology and other big ticket items that the common folk love. Blackberry say's they have cutting edge technology that will stand alone in the PDA market- (true; RIM email technology is unmatched and a very good reason to buy)- and adding additional functionality would only weaken their position.

I say - the guy running the show is smoking crack.

Where is our sense of progression, has it been flushed down the toilet - fear struck with caution at it's next move. Maybe we should all cower in the corner with our inflexible PDA's and pray that there's never a need for entertaining ourselves.

I think the power of the world, in our hands - is vital,
and should be the focus of any PDA company looking for supremacy in the market. The flip side to achieving the pinnacle in technology may not be so palatable.

Blackberry has enough class and pull in the market to make a difference.

Hey RIM!!!, "stop lolly gagging and start the R & D on something sweet."

This has been:

THE GREAT QUIXOTE'S VIEW


Posted by: DiscoRage

Look at my phones list. It says "Work:" next to where it says 7280. You know why? Because I use it for work!

I have other devices to entertain myself.

Quote:
Originally posted by Quixote
Just read the paper about how RIM refuses to add additional features to their PDA. Stuff like hardcore MP3 technology and other big ticket items that the common folk love. Blackberry say's they have cutting edge technology that will stand alone in the PDA market- (true; RIM email technology is unmatched and a very good reason to buy)- and adding additional functionality would only weaken their position.

I say - the guy running the show is smoking crack.

Where is our sense of progression, has it been flushed down the toilet - fear struck with caution at it's next move. Maybe we should all cower in the corner with our inflexible PDA's and pray that there's never a need for entertaining ourselves.

I think the power of the world, in our hands - is vital,
and should be the focus of any PDA company looking for supremacy in the market. The flip side to achieving the pinnacle in technology may not be so palatable.

Blackberry has enough class and pull in the market to make a difference.

Hey RIM!!!, "stop lolly gagging and start the R & D on something sweet."

This has been:

THE GREAT QUIXOTE'S VIEW



Posted by: NJBlackBerry

Quixote - feel free to buy a Treo 600. Then you can have your MP3 player built into a PDA.




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