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

To: jhg_in_kc who wrote (12623)	4/12/2001 11:29:19 PM
From: mishedlo	Read Replies (3) \| Respond to of 13572

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. The reality is that this is pure horsesht. Straight from the report biz.yahoo.com Income (loss) from operations 1,861 Investment income 11,238 I do not know or care whether or not they lost on investments. I do know that Income from operations was 1,861 and income from investments was 11,236. They report this as 11 cents when 1861/(1861+11238) 1.4% of that 11 cents was from operations the other was from investments. Give me a FN break. 1.5 cents profit. Very nice. That is the number to use when calculating their PE. Now look at this!!!!!!!!!!! Receivables up WILDLY!!!* Warning Will Robinson Warning!! Trade receivables 50,268 27,239 Other receivables 13,894 6,035 Inventory up almost 100% Inventory 68,044 36,852 I repeat. If the WSJ likes this report they are full of sh*t too. Greg I need an impartial observer as my integrity has been challenged by Perry. You get to decide. M