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To: Johnny Canuck who wrote (42547)	7/19/2005 8:05:03 AM
From: xcr600	Read Replies (1) \| Respond to of 69965

Harry, any idea who is positioned the best in the EV-DO card mfg market, at the carrier level and the end-user level? thanks

To: Johnny Canuck who wrote (42547)	7/19/2005 10:05:47 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69965

Momentum continues, RIM holders assured Market has only begun to expand, executives say `We're growing globally, and we're growing very fast' GARY NORRIS CANADIAN PRESS The market for sophisticated networked handheld devices has only begun to grow and BlackBerry maker Research In Motion Ltd. remains best positioned to profit from it, the company's executives assured shareholders last night. "The momentum continues," chairman and co-chief executive Jim Balsillie declared to the annual meeting, webcast from RIM's Waterloo headquarters. "We're growing globally, and we're growing very, very fast." RIM, which keeps its accounts in U.S. dollars, reported in late June that revenue in its first quarter ended May 28 rose 68 per cent from a year earlier to $453.9 million (U.S.). The number of BlackBerry users swelled by 592,000 during the quarter to 3.1 million. Three-month net income was $132.5 million, or 67 cents per share. The number dropped to 56 cents per share when adjusted for one-time items. Revenue for the current quarter is forecast to expand to between $465 million and $490 million, with adjusted earnings of 57 to 63 cents per share. "We're positioning ourselves for the future of this market. This market is still growing — it's still in its infancy," co-CEO Mike Lazaridis told the meeting. "The largest carriers and corporations are standardizing on the BlackBerry solution." The company continues to expand production capacity as its 800-employee plant in Waterloo operates 24 hours a day seven days a week. Lazaridis said RIM is investing heavily in research and development, spending $34.5 million in the latest quarter, up from $20.4 million a year earlier, focusing on software development and on ergonomics — features such as higher-resolution and brighter displays, faster data transfer and sophisticated global-positioning system capabilities. Other innovative features include Wi-fi network capability, enabling enterprises to use the BlackBerry platform within their premises "for those employees you can't justify a full cellular account for." All this is being done within RIM's open-standard technology, he stressed. "We support and set industry standards with our technology." RIM's top men played down unease among some investors and observers that the company's leading position is coming under siege from new products developed by such companies as Palm and Microsoft. "We're pioneers in coming up with this technology. We understand it, and we continue to build," Lazaridis said. "We've positioned ourselves as the market leader, and we're continuing to make the investments in place to sustain that position and grow." The hour-long meeting and question-and-answer session included no new information about RIM's ongoing legal entanglement with NTP Inc. The American patent-holder has balked at instituting a settlement and licensing agreement with RIM announced in March, and litigation expenses continue to tick along at about $6.5 million quarterly. Before the evening meeting, Research In Motion shares closed at $86.77 (Canadian) on the Toronto Stock Exchange, off $1.71 on the day, with a 52-week high and low of $127.91 and $69.24. In New York, RIM shares fell 1.33 (U.S.) to 70.94 on the Nasdaq stock market.