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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (12622)	4/12/2001 7:59:47 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 13572

this article from Wall St. Journal company says RiMM hd a loss on its long term investments. How do you explain the desrepancy between what Smartmoney says and your saying it had a gain on investments? Which investments? __________SmartMoney.com - Say What? BlackBerry Picking By Roben Farzad The Call: For countless Wall Streeters, consultancy foot soldiers and other professionals obsessed with the need to send and receive office email wherever they go, the BlackBerry is the ultimate must-have gadget. So addictive has this tiny gizmo become in some corporate circles that it's routinely referred to as ``CrackBerry'' by the poor souls who find they can't live without it. That passion amounted to a telltale buy sign for Buckingham Research Group's Peter Labe, who on Monday, talked up the BlackBerry's Ontario-based manufacturer, Research In Motion (NASDAQ:RIMM - news). In a case of guilt by association, Research in Motion's shares have been tainted by Palm's (NASDAQ:PALM - news) disastrous quarter, and had recently shed several points. With the stock at $20.82 two days ahead of Research in Motion's fiscal fourth-quarter earnings report, Labe wrote, ``We believe the company will at least meet Street expectations'' for its February 2001 fiscal year, and added: ``We also believe that expectations going forward could be guided upwards, as RIMM is at the forefront of a wireless explosion and its earnings growth will accelerate along with it.'' As for fears about the impact of the widespread slashing of IT budgets, the analyst took pains to explain why Research In Motion should prove immune. Research in Motion, he wrote, ``is the 'best of breed' in its space and the BlackBerry is in its sixth generation with nothing entering the market this year that fully compares with its technology leadership...and its proven reliability will be hard to surpass.'' Labe concluded his bullish treatise by opining that ``any pressure on RIMM's earnings going forward will be on the upside,'' and recommending that investors load up. ``With the stock selling at less than (21 times) next year's earnings and with better than 100% growth forecast,'' he wrote, ``we believe the market will accord RIMM a higher multiple in the months to come.'' The Reality: After the close on Wednesday, Research in Motion posted a net loss of eight cents a share for its fiscal fourth quarter as it wrote down the value of several long-term investments. Without those one-time charges, however, earnings from operations hit 10 cents a share, or three cents better than the First Call/Thomson Financial consensus. More important, the company reported that humming subscriber growth for its flagship BlackBerry device had driven revenue to $90.1 million, compared with $25.8 million a year earlier. That was 20% better than most estimates — and a rare breath of fresh air amid the stench of recent negative tech preannouncements. And although management hedged its bets by suggesting the Street focus on the low end of revenue goals over the next few quarters, the company stuck to its guns where fiscal-year 2002 revenue targets were concerned.

To: mishedlo who wrote (12622)	4/12/2001 8:58:49 PM
From: bonnuss_in_austin	Read Replies (1) \| Respond to of 13572

Mish: what does 'goodwill' mean, if you have time to define? Sure sounds like BS to me. How is 'goodwill' defined ... and somehow, 'accepted,' by all concerned? Houses? SEC? IRS, even, perhaps? tia and have a good weekend, bia