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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: DebtBomb who wrote (119844)12/20/2000 4:27:52 PM
From: 2MAR$  Read Replies (1) of 120523
 
RIM third quarter sales jump on subscriber growth

TORONTO, Dec 20 (Reuters) - Research In Motion <RIMM.O>
<RIM.TO> said on Wednesday rising subscriber growth for its
Blackberry wireless pager more than doubled sales in its third
quarter.
Revenue for the company, whose stock slumped C$10.35 to
close at C$114.25 on Wednesday on the Toronto Stock Exchange,
rose to $61.6 million from $23.7 million in the previous year's
quarter.
Net income for the quarter was $1.5 million, or 2 cents per
share, versus a net income of $3.2 million, or 5 cents per
share, in the same quarter last year.
....??
"BlackBerry demand continues to ramp beyond our
expectations," Jim Balsillie, chairman and co-chief executive,
said in a statement. "The market has accepted BlackBerry as the
clear leader in wireless email."
($1=$1.52) Canadian
((Toronto Bureau, (416)-941-8100,
email:toronto.newsroom@reuters.com))
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