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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (114322)	9/28/2000 5:55:51 PM
From: Jenna	Respond to of 120523

RIMM holders, we might have another mover here. RIMM up 5.44 in after hours. RIMM down 1.87% during the session was up 6.5% in after hours. I would be holding RIMM even if AAPL's huge haircut in after hours takes down DELL, INTC and MSFT. RIMM's good report has nothing to do with the woes of AAPL. I would hold the options and if we are lucky enough to have a gap up opening, wait for increased acceleration. If AAPL brings down the other techs, RIMM will still be rewarded for their report....Remember MANU. Research In Motion reports strong second quarter growth WATERLOO, ON, Sept. 28 /CNW/ - Research In Motion Limited (Nasdaq: RIMM, TSE: RIM), a world leader in the mobile communications market, today reported second quarter results for the six months ended August 31, 2000. (all figures in US $ and Canadian GAAP) Revenue for the second quarter of fiscal 2001 was $42.5 million. This marks a 57% increase over the prior quarter's revenue of $27.1 million and a 121% increase over the $19.3 million generated in the second quarter of last year. BlackBerry(TM) subscriber growth continues to be a main revenue driver. BlackBerry accounted for approximately 57% of the Company's quarterly revenue. RIM Wireless Handhelds(TM) accounted for 36%; and OEM radio modems and software sales accounted for the balance. "The BlackBerry wireless email business continues to grow rapidly," said Jim Balsillie, Chairman and Co-CEO. "Acceptance of BlackBerry as a mainstream business tool has been achieved with both users and IT departments. During this next phase, our distribution partners will help RIM to further penetrate the enterprise market and enter the consumer market." "Our main tasks ahead call for focused execution - drive ahead on research and development; continue to expand our sales and marketing initiatives; increase manufacturing capabilities; and grow our IT infrastructure." Net loss for the quarter was $1.6 million ($0.02 per share basic and fully diluted) compared with a net income of $0.4 million in the prior quarter and $2.3 million in the same quarter last year. The earnings reflect the company's commitment to grow the BlackBerry subscriber base with increased investment in marketing and channel support costs. Gross research and development expenditures for the quarter were $5.3 million, or 13% of revenue, compared to $4.5 million in the prior quarter, or 17% of revenue, and $2.8 million, or 15% of revenue, in the second quarter last year. Selling, marketing and administration expenses were $15.7 million, or 37% of revenue, for the quarter compared to $10.4 million, or 38% of revenue in the previous quarter and $3.0 million, or 16% of revenue, in the second quarter of last year. Planned investments in BlackBerry marketing, co-operative marketing programs, and staffing increases in sales, marketing, and customer support have contributed to the increase. Cash, cash equivalents and marketable securities were $183.8 million at August 31, 2000 as compared to $198.8 in the previous quarter. Changes in working capital, capital investments and investments in key strategic partners account for the decrease. "BlackBerry growth and continuing strong sales of RIM Wireless Handhelds were the drivers for the significant revenue growth this quarter," said Dennis Kavelman, Chief Financial Officer. "Expenses increased in line with expectations as we executed on our plan to grow the business."