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To: Johnny Canuck who wrote (40982)	4/7/2004 6:42:29 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70930

RIM reports profit, split stock Last modified: April 7, 2004, 1:55 PM PDT By Richard Shim Staff Writer, CNET News.com BlackBerry device and service company Research In Motion reported on Wednesday its third straight quarter of profitability while also announcing a 2-for-1 stock split. The Waterloo, Ontario-based company reported revenue of $210.6 million for its fourth quarter, which ended Feb. 28, up 141 percent compared to the same period of year ago, when it posted revenue of $87.5 million. The company's earnings came in at $41.5 million, or 46 cents per share, compared to a net loss of $31 million, or 40 cents per share, last year. Excluding charges for its case with holding company NTP, the company's earnings were $50.2 million, or 56 cents per share. Revenue for its fiscal year was $594.6 million, compared to $306.7 million last year. Subscribers to its wireless service grew by 204,000 for a total of just more than 1 million. "We surpassed the pivotal 1 million subscribers mark, and the continuing escalation of BlackBerry's popularity is evident in our fourth-quarter results and outlook," RIM co-chief executive Jim Balsillie said in a release. "The past fiscal year saw dramatic progress on both operational and strategic fronts, as RIM and its partners achieved significant traction in the market and continued to expand the reach of the BlackBerry platform around the world." The company also said Wednesday that its board of directors has approved a 2-for-1 stock split, which will be in the form of a stock dividend. People who own shares by May 27 will get one additional common share of RIM for each common share they hold. The dividend will be paid to shareholders on June 4. The total number of RIM shares outstanding as of Feb. 28 was 92.4 million, and following the split, there will be 184.8 million shares. During the quarter, the company signed major phone makers such as Sony Ericsson and Samsung Electronics to licensing deals for its technology. Still, a lawsuit with holding company NTP hangs over the company and is hindering the decision of phone makers to start selling phones in the United States, using RIM's software and service. A district court ruled last year that RIM infringed on NTP patents and awarded NTP an injunction, which is stayed, pending an appeal. The decision has left some phone makers such as Nokia hesitant about pushing phones with RIM capabilities. RIM shares closed the day down $1.49 per share, or 1.4 percent, to $108.29.