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To: Dealer who wrote (59285)	9/25/2003 6:54:08 PM
From: Dealer	Respond to of 65232

RIMM flying AH Research In Motion Posts 2Q Profit on 71% Revenue Jump Thursday September 25, 5:33 pm ET WATERLOO, Ontario -- Research In Motion Ltd. (NasdaqNM:RIMM - News) turned in a fiscal second- quarter net profit as revenue rose 71%. Results were in line with preliminary figures the maker of BlackBerry wireless devices released earlier this month. ADVERTISEMENT Research In Motion late Thursday posted net income of $2.1 million, or three cents a share, for the quarter ended Aug. 30, compared with a year-earlier net loss of $14.2 million, or 18 cents a share. Results for the latest quarter included a patent-litigation charge of $5.7 million. Excluding this item, the company posted adjusted earnings of $7.8 million, or 10 cents a share. Revenue rose to $125.7 million from $73.4 million. In August, a judge ordered Research In Motion to pay NTP Inc., a private company based in Arlington, Va., $53.7 million in damages from a patent- infringement lawsuit. Research In Motion was expected to appeal. Research In Motion released preliminary results Sept. 8, projecting revenue of $123 million to $126 million, up from a previous forecast of $105 million to $ 115 million. The company at the time also predicted earnings excluding the patent litigation provision between seven cents and 11 cents a share. In its statement Thursday, Research In Motion said it derived 53% of its second-quarter revenue from handhelds, while service accounted for 32%, with 9% for software licenses and 6% for OEM radios and other revenue. The total number of BlackBerry subscribers rose by about 96,000 from the fiscal first quarter to 711,000 subscribers and was up from about 403,000 a year earlier. Gross margins rose to 46.3% in the latest quarter from 45.6% in the first period, and up from 45.8% last year. "RIM's technology and business plans remained on track during the second quarter as the global popularity of BlackBerry continued to grow," Chairman and Co-Chief Executive Jim Balsillie said in a prepared statement. Research In Motion reported its results after the market close. In 4 p.m. EDT trading on the Nasdaq Stock Market (News - Websites), shares were up 74 cents, or 2.1%, at $35.72. The stock fell to $34.53 in after-hours trading, according to Island.com. -Rose K. Manzo; Dow Jones Newswires; 609-520-4345