RIM Earnings Shine, Outlook Strong; Stock Up 5% AH

Research in Motion (RIMM) on Wednesday dispelled any concerns about its competitive stance with strong fourth quarter earnings and a better-than-expected first quarter outlook (see conference call transcript.)

For the quarter ending March 1, RIM reported earnings of $412.5 million, or 72 cents a share, on revenue of $1.88 billion, up 102 percent from a year ago. In the fourth quarter a year ago, RIM reported earnings of $187.4 million, or 33 cents a share, on revenue of $930.4 million. According to Thomson Financial, Wall Street expected fourth quarter earnings of 70 cents a share on revenue of $1.86 billion.

RIM also upped its outlook for the first quarter (statement). RIM projected earnings of 82 cents a share to 86 cents a share on revenue of $2.23 billion to $2.30 billion.

By the numbers:

• RIM shipped 4.4 million smartphones in the fourth quarter and 14 million for the year.
• Fiscal 2008 revenue was $6.01 billion, up 98 percent from a year ago. Net income for 2008 was $1.29 billion, or $2.26 a share.
• RIM had $2.34 billion in cash and equivalents as of March 1.

While Apple (AAPL) has called out RIM in recent press events, the BlackBerry remains a hot seller. Meanwhile, analysts expect more product growth ahead. UBS analyst Jeffrey Fan said in his earnings preview:

We expect Curve launches at further CDMA operators as well as reorders to result in better than flat sequential August quarter (our current forecasts) and a 3G BlackBerry (higher ASP) to support growth into Nov. Other FY09 launches we expect include BlackBerry Unite, BES 5.0 & possibly a touch-screen BlackBerry.

Stock was up 5 percent after hours.

Disclosure: No positions.

Comments

[Ken Singh]

((RIMM=ENRON REPLAY BOOK SCAM COMPLETE))KEEP ON WRITING NICE SPIN PUMPS TO UNLAOD SCAM DUMPS..........

TD BANK/RBC CAPITAL & INSIDERS @RIMM =MANIPUALTION PUMP & DUMP SCAM GANG.................FINAL CHAPTER BEING WRITTEN NOW

GAME IS OVER FOR THIS ONE PONZI WONDER PUSH EMAIL SCAM.....

WALL STREET HOME GROWN FINANCIAL ALQUAIDA BLACKED OUT MAJOR -VE DEVELOPMENTS.....................

WHAT OF INDIA HIGH DRAMA IN PLAY AND NO ONE FROM YOU CREATIVE SPIN MASTERS EVEN MENTION IT??



iPHONE killed Blackberry in consumer Mobile landscape.

BB Plastic good for push email...will be niche player.India to get solution to intercept BB push email on April8,2009. Other nations will demand.........Still have to analyze what solution they can provided without surrendering Encryption keys??

But What ever the solution , it will kill 14% Single point of Push email epicenter and forced to put Solution for every Nation that India Gets......=economics of business model disaster are in the works.............

KISS Good bye to BB plastic 84% of busines model into margin hell too....................

That is the future for this one ponzi wonder scam....Finally all forces to bust BB One ponzi wonder in Play now........

ULTRA WARNING SIGNAL TO AVOID THIS SCAM NOW: TORA TORA TORA

HERE IS INDIA LINK:

Blackberry solution expected by April 9
Bs Reporters / New Delhi April 4, 2008
Research-in-Motion (RIM), the Canada-based provider of Blackberry services, has assured Indian operators that it has come up with a solution to the contentious issue of allowing government security agencies to monitor the service without compromising data security.
www.business-standard.com/search/storypa...

Blackberry solution expected by April 9
Bs Reporters / New Delhi April 4, 2008
Research-in-Motion (RIM), the Canada-based provider of Blackberry services, has assured Indian operators that it has come up with a solution to the contentious issue of allowing government security agencies to monitor the service without compromising data security.

Communications Minister A Raja confirmed that the solution will be finalised at a meeting with the Department of Telecommunication (DoT) on April 9.

This is expected to end uncertainty for 400,000 users in India and telecom companies like Bharti Airtel, Vodafone-Essar, Reliance Communications, BPL and others that provide this small but high-revenue service.

Top RIM executives had a long meeting on the details of the solution with operators in Delhi under the aegis of the Cellular Operators Association of India today.

Blackberry has been under fire since December after the government rejected an application from Tata Teleservices to operate the service. All companies offering the service were also directed to discontinue it from December 31, 2007.

In later meetings, the government demanded the encryption level of the services be reduced, a move operators argued was untenable in the interests of security.

“Most of our users are corporations, so high encryption levels cannot be compromised for corporate mails flowing through the system,” said a senior executive.

HERE IS LINK TO iPHONE KILLED BLACKBERRY & GOOGLE REPORT RIGHT ON TOO:
iPhone used less for talk, more for Web and music, says iSuppli
www.digitimes.com/telecom/a20080403PR202.html
iPhone used less for talk, more for Web and music, says iSuppli


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Press release, April 3; Eric Mah, DIGITIMES [Thursday 3 April 2008]

US iPhone owners are spending their time enjoying all its capabilities – voice, data communications and multimedia entertainment – rather than exclusively using it for traditional voice calls, according to a latest consumer survey by research firm iSuppli.

Owners of all types of mobile handsets use their phones for voice communications 71.7% of the time, according to research from iSuppli's ConsumerTrak survey of US residents. In contrast, iPhone owners spend just 46.5% of their time with the product engaged in voice calls.

US consumers said they spent 12.1% of their iPhone usage time accessing the Internet, a stark contrast with 2.4% for all mobile phones on average. Furthermore, iPhone owners spent 11.9% of their usage time listening to music or other audio, compared to just 2.5% for all mobile handset users.

"This usage pattern shows Apple has succeeded in producing a true convergence product that consumers like to use for multiple purposes," said Greg Sheppard, chief development officer for iSuppli. "Apple has come as close as anyone to achieving a balanced convergence in mobile-handset features and usage."

It's a phone, too

Even before Apple released the iPhone, everyone anticipated it would integrate the mobile phone's voice communications capability with the iPod's audio and video playback functionality. However, Apple has also worked to tailor and promote the iPhone as a device that makes Internet access pleasant and productive, and more like using a computer, according to iSuppli. The large multi-touch screen, ergonomic user interface and Wi-Fi connection, make accessing the Internet something people want to do more with a device like the iPhone, the research firm claimed.

Although iSuppli's research indicates smartphones from HTC are used more than the iPhone on a percentage basis for surfing the Web, the iPhone has the most volume and market impact. Google and Bank of America recently commented on how the rapid rise of traffic from iPhone owners is forcing them to modify their support of mobile Internet activities.

Feeling used

iSuppli's ConsumerTrak survey revealed iPhone users also spent more time emailing than all users on average, with owners spending 10.4% of their time on this task, as opposed to 2.8% for all mobile-phone subscribers. In spite of having only limited corporate IT support so far, the speed (via Wi-Fi) and ergonomics of the iPhone are
compelling users to access their personal email more frequently.

iPhone users are no different from anyone else when it comes to text messaging, as 15% of their time is spent on this activity, according to iSuppli.

iPhone time usage breakdown for US consumers