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

To: mishedlo who wrote (12628)	4/13/2001 12:13:25 AM
From: mishedlo	Respond to of 13572

Just found this on another board. No link was posted. Research In Motion Investment Income Raises Question (Update1) By Sean B. Pasternak and Cheryl Devoe Kim Waterloo, Ontario, April 12 (Bloomberg) -- Research In Motion Ltd.'s financial report is raising questions among some analysts, who said the company's profit margins are narrowing and that the company's profit came mainly from investment income. The maker of the BlackBerry pager, which lets people send and receive e-mails, said yesterday that fiscal fourth-quarter profit from operations more than doubled to $8.3 million from net income of $3.2 million in the year-earlier period. Results in the latest quarter include $11.2 million in investment income, up from $3 million a year earlier. ``Where did they make their money from?'' said Ross Healy, head of Strategic Analysis Corp., which provides advice on Canadian and U.S. markets to large investors such as pension funds. ``They made it from investment income.'' Healy said earnings before investment income as a percentage of sales fell to 2.1 percent from 7.3 percent a year earlier. The company's gross margin dropped to 38.2 percent from 39.8 percent. ``Their costs went up and their operating margins plummeted,'' Healy said. ``When you rip the numbers apart the operations aren't quite as impressive.'' Research In Motion officials weren't immediately available to comment. Scotia Capital Inc. analyst John D'Angelo expects about 80 percent of the 37 cents a share he estimates Research In Motion will earn in its current fiscal year will come from investment income. Research In Motion had $722 million in cash and marketable securities on Feb. 28. The company raised C$888 million ($568 million) in an October stock sale. Shares of Research In Motion rose $6.42, or 29 percent, to $28.35 in U.S. trading. They've dropped 65 percent this year.

To: mishedlo who wrote (12628)	4/13/2001 12:21:24 AM
From: Perry Ganz	Read Replies (1) \| Respond to of 13572

Mish YOU are right ..... I am wrong originally I gave rimms report a quick read, as I have little interest in the company, and did not look at the balance sheet closely there certainly is something fishy going on when you read the press release and look at the numbers The reason I said you would not respond is because on 2 occasions in the past that is exactly what you did. not respond 1 when you called Rickey a liar 2 savings question I was not calling your integrity into question because I don't think you have any see where I come from people do not run around calling other folks liars and fools it is just unacceptable behavior I guess I am just old fashioned Greg to mediate HAHAHAHAHA and take this My dad can beat up your dad<g> good f...... night