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RIM Office

Last night RIM posted its Q4 results and held its customary conference call. It was our first time experiencing a quarterly call without Jim Balsillie. The new CEO, Thorsten Heins, did a great job highlighting RIM’s challenges and plans on the call. Unlike any past conference calls, Heins’ commentary was 100% intelligible, honest, and raw.

Make no mistake, the call was a disaster from a business perspective. RIM is on very shaky ground. But this is the first time we’ve heard the company’s CEO accept just how bad things have become, while speaking intelligently about how to make a comeback.

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Jim Balsillie

As RIM rolls out Q4 2012 financial earnings, they've also gone ahead an announced some recent changes within the organization and ultimately their Board of Directors:

"As I complete my retirement from RIM, I'm grateful for this remarkable experience and for the opportunity to have worked with outstanding professionals who helped turn a Canadian idea into a global success," said Jim Balsillie.

"On behalf of the Board and everyone at RIM, I would like to thank Jim for his 20 years of service to RIM," said Barb Stymiest, Chair of RIM's Board of Directors. "His energy, drive and enthusiasm helped build one of the most successful technology companies of our time."

In addition, David Yach will be retiring from his role as CTO, Software after 13 years with the Company and after 4 years with the company and following an open dialogue on the future of global operations, Jim Rowan, COO, Global Operations, has decided to pursue other interests. The Company is currently undertaking a search to hire a single COO with responsibilities to run the Company's operations.

"RIM would like to thank David Yach and Jim Rowan for their years of service and many contributions to RIM," said Thorsten Heins, President and CEO. "We wish them well in their future pursuits."

RIM

The 4th quarter results are in! Read the full press release below, and stay tuned for our live blog of the earnings call coming up in just a bit. You can tune in to the earnings call live here.

Press Release

Research In Motion Reports Year-End and Fourth Quarter Results for Fiscal 2012

WATERLOO, ONTARIO--(Marketwire - March 29, 2012) - Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported fourth quarter results for the three months and fiscal year ended March 3, 2012 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

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Keep Calm, BeBold

March 29th is here, which means when the stock market closes Research In Motion will announce their 4th quarter and year end results for fiscal 2012. Remember, RIM doesn't follow the calendar year (I know.. it seems weird that it's only March yet RIM is about to say hello to 2013). 

If you've been following the business side of things surrounding BlackBerry, you'll want to tune into all of the CrackBerry coverage we have planned. We'll fire up the press release as soon as it hits, then at 5pm ET we'll get a live blog going up on CrackBerry here to sound off on what's being said on the conference call. You can listen live to the conference call on RIM's website. Our in-house stock guru and expert analyst Chris Umiastowski will be manning the live blog, and will be following up shortly after with his thought piece on what it all means. And Friday morning we're going to fire things up for a live CrackBerry Podcast, where we'll further follow up on all the earnings news and cover all the other news in the BlackBerry world (including the podcast version of my P'9981 review - written review coming soon).

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RIM

RIM will be reporting their fourth-quarter results during their earnings call on March 29th. We'll be on hand to live-blog and maybe even follow up with a podcast to discuss what goes down. As always you can follow us here or listen along to the call yourself from your PC or even on your BlackBerry PlayBook.

Press Release

WATERLOO, ONTARIO--(Marketwire - March 15, 2012) - Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM) will be reporting results for the fourth quarter and year-end of fiscal 2012 on March 29, 2012 after the close of the market. A conference call and live webcast will be held beginning at 5 pm ET. The call can be accessed by dialing 1-800-814-4859 or through your personal computer or BlackBerry® PlayBook tablet at www.rim.com/investors/events/index.shtml. A replay of the conference call will also be available at approximately 7 pm by dialing (+1)416-640-1917 and entering passcode 4466496#. A replay of the webcast will be available on your personal computer or BlackBerry PlayBook tablet by clicking the link above. This replay will be available until midnight ET April 12, 2012.

Scheduled Quarterly Results Conference calls for FY 2013

Q1: June 28, 2012, after markets close
Q2: September 27, 2012, after markets close
Q3: December 20, 2012, after markets close
Q4: March 28, 2013, after markets close.

These dates, or any changes to these dates, are posted on the company's website at www.rim.com/investors/events. Conference call webcast and call-in details will be provided in advance of these calls.

RIM Stock

As the bell rang today shares of RIM closed at they lowest level since May 2004 at $15.08. Sad news for sure, but we'll be curious to find out more when we hear from RIM on their earnings call tomorrow afternoon. We'll be firing up the live blog for some discussion as both Mike Lazaridis and Jim Balsillie fill us in on the numbers and projections for RIM. It's no secret that RIM struggled in the later part of 2011, but we're still hopeful for great things going into 2012. Check back tomorrow at 5pm EST for more.

Source: MarketWatch

Research In Motion

Here's the press and release and numbers we've been waiting for. You can read the full press release below to get a look at RIM's 4th Quarter and 2011 Year End Fiscal results (I know, I know, it's weird they're working so far into the future and not on the calendar year). We'll report back with more analysis once we read through it and see what the after hours trading does.

Press Release

Research In Motion Reports Year-End and Fourth Quarter Results for Fiscal 2011

WATERLOO, ONTARIO--(Marketwire - March 24, 2011) - Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported fourth quarter results for the three months and fiscal year ended February 26, 2011 (all figures in U.S. dollars and U.S. GAAP).

Highlights:

  • Record BlackBerry® smartphone shipments of 52.3 million grew 43% over fiscal 2010
  • Fiscal 2011 revenue grew 33% over fiscal 2010 to $19.9 billion and earnings per share grew 47% over the prior fiscal year to $6.34 per share diluted
  • Ongoing investment in PlayBook and QNX-based platform development in Q1 with PlayBook launch date of April 19th
  • BlackBerry was the number one selling smartphone brand in the United States1, Canada1, Latin America1 and the UK2 for calendar 2010

Q4 and Fiscal 2011 Results: Revenue for the fiscal year ended February 26, 2011 was $19.9 billion, up 33% from $15 billion last year. Revenue for the fourth quarter of fiscal 2011 was $5.6 billion, up 1% from $5.5 billion in the previous quarter and up 36% from $4.1 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 81% for devices, 16% for service, and 3% for software and other revenue. During the quarter, RIM shipped approximately 14.9 million BlackBerry smartphones for a total of 52.3 million smartphones in fiscal 2011.

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RIM

No, the blog post title isn't wrong and RIM isn't from the future.... they just run their reporting periods different from the calendar year. And with that disclaimer stated, today RIM will announce their year end, Q4 earnings for fiscal 2011...

Waterloo, Canada - Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM) will be reporting results for the fourth quarter and year-end of fiscal 2011 on March 24, 2011 after the close of the market. A conference call and live webcast will be held beginning at 5 pm ET, which can be accessed by dialing 1-800-814-4859 or by logging on at www.rim.com/investors/events/index.shtml. A replay of the conference call will also be available at approximately 7 pm by dialing 416-640-1917 and entering passcode 4310316#. This replay will be available until midnight ET April 7, 2011.

I'm really curious to see how this previous quarter finished up for RIM (strong growth in international markets and tougher times in the US make for an interesting dynamic), and am especially excited to listen to RIM's Co-CEO Jim Balsillie on the conference call today, where I'm *sure* he'll get pounded with questions regarding the upcoming BlackBerry PlayBook and the lack of new BlackBerry Smartphones we have seen so far in 2011.

RIM's stock is opening up today at $62.12/share... any thoughts on where it'll open up tomorrow morning? Up? Down?? No difference??? Be sure to share your perspective in the comments!

3rd Quarter Results

Research In Motion Reports Third Quarter Results

WATERLOO, ONTARIO--(Marketwire - Dec. 17, 2009) - Research In Motion Limited (RIM) (NASDAQ:RIMM)(TSX:RIM), a world leader in the mobile communications market, today reported third quarter results for the three months ended November 28, 2009 (all figures in U.S. dollars and U.S. GAAP, except where indicated).

Revenue for the third quarter of fiscal 2010 was $3.92 billion, up 11% from $3.53 billion in the previous quarter and up 41% from $2.78 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 82% for devices, 14% for service, 2% for software and 2% for other revenue. During the quarter, RIM shipped approximately 10.1 million devices, including its 75 millionth BlackBerry smartphone.

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RIM Q3 Earnings Conference Call Today

Just a quick note for those among you who are wanting to keep up to date on the Research In Motion financial news. Today, Research In Motion will be holding their Q3 Earnings Conference Call at 5:00pm ET. Anyone wishing to listen in on the call will need to register in order to gain access, which you can do via the Research In Motion website.

wall streetThe Toronto Globe and Mail is reporting today that despite a quarter billion dollar earnings misstatement, Research In Motion will close out their year end with “blow-out” numbers.

While investigators in the US and Canada are set to concluded their reviews of the earnings misstatements made earlier in the year by RIM accountants where the company was forced to restate more than $250 million in earnings, it seems unlikely that the results of those investigations will have a significant impact on company profits.

In fact, with a million new subscribers in the fourth quarter that ended at the end of March, RIM is claiming more than eight million BlackBerry users worldwide. Once news of that huge surge in numbers leaked out, Wall Street analysts began rating the Waterloo-based company’ stocks higher. Last week, RIM’s stocks went up six percent and closed the week on the NASDAQ at $145.77. That is still two dollars short of its record high, but certainly within striking distance.

Valued at $27 billion, The Globe nicely points out that RIM is now worth more than each of its Canadian carriers -- BCE, Rogers and Telus.

Sales of both the Pearl and the 8800 have exceeded the company's expectations and have contributed to the company’s growth spurt in the last three months.

Further good news for RIM is found in a survey conducted by investment firm Goldman Sachs, which reported that while less than half a percent of respondents said they owned a BlackBerry, fully 11 percent said they wanted to get one. Even if that is wildly overstated, those numbers have to look good to the guys in Waterloo.

Research In Motion is expected to launch two new models in the next couple of months – the Cyclone and the Daytona – and success of those models should help push RIM stocks even higher.

The Globe story does suggest that more than a few analysts are “neutral” on RIM’s chances for stock price growth however, pointing to the company's high marketing budget and a fear that the new models will merely replace sales that would have gone to the Pearl and 8800.

 

RIM Proven Market Leader in First Quarter 07

 

Our friends at SeekingAlpha recently published the above graph showing RIM is winning the current market share over Palm.

Also interesting is the fact that RIM has been steadily increasing their market share over the past year and a half, while PALM has been much more volatile, jumping up and down in market share.

Steady growth usually means good things to me.

Check out the full article here