Day: April 4, 2009

Research In Motion Limited (RIM) a world leader in the mobile communications market, today reported results for the three months and fiscal year ended February 28, 2009 (all figures in U.S. dollars and U.S. GAAP). Revenue for the fourth quarter of fiscal 2009 was $3.46 billion, up 24.5% from $2.78 billion in the previous quarter and up 84% from $1.88 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 83% for devices, 12% for service, 2% for software and 3% for other revenue. Revenue for the fiscal year ended February 28, 2009 was $11.07 billion, up 84% from $6.01 billion last year. RIM shipped approximately 7.8 million devices in the fourth quarter and approximately 26 million devices during fiscal 2009.Approximately 3.9 million net new BlackBerry subscriber accounts were added in the quarter. At the end of the quarter, the total BlackBerry subscriber account base was approximately 25 million. “We are very pleased to report another record quarter with standout subscriber growth that speaks volumes about the early success and momentum of our new BlackBerry products,” said Jim Balsillie, Co-CEO at RIM. “RIM experienced an extraordinary year in fiscal 2009, shipping our 50 millionth BlackBerry smartphone and generating $11 billion in revenue. Looking ahead into fiscal 2010, we see exceptional opportunities for RIM and its partners to leverage the investments and success of the past year to continue growing market share and profitability.”Net income for the quarter was $518.3 million, or $0.90 per share diluted, compared with net income of $396.3 million, or $0.69 per share diluted, in the prior quarter and net income of $412.5 million, or $0.72 per share diluted, in the same quarter last year. There was no material foreign exchange impact on RIM’s tax rate in the quarter. For the fiscal year 2009, net income was $1.89 billion, or $3.30 per share diluted, up 46.3% over fiscal 2008. Revenue for the first quarter of fiscal 2010 ending May 30, 2009 is expected to be in the range of $3.3-$3.5 billion. Gross margin for Q1 is expected to be approximately 43-44%. Net subscriber account additions in the first quarter are expected to be between 3.7 – 3.9 million. Earnings per share for the first quarter are expected to be in the range of $0.88-$0.97 per share diluted. The total of cash, cash equivalents, short-term investments and long-term investments was $2.24 billion as at February 28, 2009, compared to $2.49 billion at the end of the previous quarter, a decrease of $250 million over the prior quarter. Uses of cash in the quarter included capital expenditures of $252 million and the acquisition of intangible assets of $222 million.A conference call and live webcast will be held beginning at 5 pm ET, April 2, 2009, which can be accessed by dialing 800-733-7571 (North America), 416-915-5761 (outside North America). The replay of the company’s Q4 conference call can be accessed after 7 pm ET, April 2, 2009 until midnight ET, April 16, 2009. It can be accessed by dialing 416-640-1917 and entering passcode 21252988#. The conference call will also appear on the RIM website live at 5 pm ET and will be archived at http://www.rim.com/investors/events/index.shtml.

Garmin-Asus, a co-branded alliance between Garmin Ltd. (NASDAQ: GRMN), and ASUSTeK Computer Inc. (TAIEX: 2357), today announced the Garmin-Asus nuvifone M20, an all-in-one phone, mobile web-browser and premium navigation system with a Windows Mobile operating system. The Garmin-Asus nuvifone M20 will be on display at GSMA Mobile World Congress in Barcelona, Spain, February 16-19, 2009, at the Garmin-Asus exhibit (Hall 7, #7C37).
As the first Garmin-Asus nüvifone powered by Windows Mobile 6.1 Professional with enterprise email, the sleek and colorful nüvifone M20 is designed for on-the-go professionals who want a fashionable and functional smartphone to manage their busy work and personal lives. This powerful device combines a dual-band 3.5G/tri-band GSM phone with Wi-Fi connectivity, desktop-like internet browser, push email, document viewing, multi-media capability, Bluetooth® and Garmin sat nav. The nüvifone M20’s full QWERTY soft keyboard makes it easy to send and receive SMS, MMS and emails. The nüvifone M20 can also be synched with a computer so that contacts and emails are always available. HSDPA wireless connectivity and enterprise grade Wi-Fi (802.11 b/g) ensure messages are sent and received quickly, including those with attachments. Recognizing that location is relevant to every aspect of every day, the nüvifone M20 is designed with location based services (LBS) at its core and has the most advanced LBS experience of any Windows Mobile phone. Navigation functions are linked to frequently used applications such as calendar, contacts, email, internet applications and more, simplifying the nüvifone user’s day as they travel from one location to another. The nüvifone M20 supports download speeds of up to 7.2 Mbps and offers a desktop-style web browsing experience. Users can zoom and pan web pages with their finger as they view the information in either portrait or landscape orientation. In addition, they can easily navigate to an address on a web page with only a few taps of the screen. The GPS features of the nüvifone M20 usher in a level of sophistication never seen before on a Windows Mobile smartphone. It has the navigation capability of a premium Garmin nüvi® sat nav, and comes with preloaded maps and points of interest (POIs) – hotels, restaurants, stores, fuel stations and more – for North America, Eastern and Western Europe, or other regions. Selecting a destination is straightforward and requires limited input from the user. For example, users can search for a destination by typing in the specific name or address of an establishment, search by category, or navigate to addresses in the nüvifone M20’s contact database or on the web. The device then gives turn-by-turn voice-prompted directions and automatically recalculates if a turn is missed along the way. In addition, the nüvifone includes quick access to online points of interest through internet enabled local search. The nüvifone harnesses the power of the worldwide web and information about local merchants and attractions is continually updated. The nüvifone M20 takes GPS navigation one step further via Connected Services, a suite of online applications and data from Garmin-Asus that adds location intelligence to navigation, phone and browser functions. The expandable list of applications includes content like real-time traffic information, White Pages, weather, flight status, local events, and movie times. The nüvifone product line also includes Ciao!™, a ground-breaking LBS application that helps users stay up to date on their friends’ whereabouts and status by linking numerous location-centric social networks. Through Ciao!, nüvifone users will see their friends’ location on a map and then be able to navigate to that location with ease. Nüvifone users can also choose to have the nüvifone automatically update their social network location information. The nüvifone M20 has exceptional entertainment capabilities with the combination of a 2.8” TFT touch lens display, built-in microphone and speakers, built-in 4Gb/8Gb My Storage, and ActiveSync® for Outlook®, Microsoft® Office, and multi-media synchronization. The VGA (640×480) display brings action to life when watching video or looking at photographs. The three megapixel camera automatically geotags images with the exact latitude and longitudinal coordinates. Users can then save the image on their phone, email it to a friend, or navigate to where the image was taken. Garmin-Asus expects to announce the nüvifone M20’s pricing and availability information in the first half of 2009. Journalists should contact Garmin-Asus media representatives to arrange product demonstrations or interviews. Additional information about the nüvifone product line is available at www.GarminAsus.com.
Specs:

• APAC/EU: 3G 900/2100; 2G 900/1800/1900
• NA: 3G 850/1900; 2G 850/1800/1900
• Other Connectivity: 802.11 b/g WLAN; Bluetooth 2.0+EDR; mini USB 2.0
• OS: Microsoft Windows® Mobile Professional 6.1
• Dimensions: 95.3 x 52.5 12.8 mm
• Weight: 99g (including battery)
• Display: 2.8″, 65K, TFT with touch lens
• Display Resolution: 640 x 480 VGA
• Camera/Photos: 3MP camera, JPG format with auto-focus and geotagging. View photos in JPG/PNG/GIF/BMP format
• Flash Memory: 4 GB or 8GB*
• Audio: Built-in microphone & speaker; Ring tone supported formats: MP3, AAC, AAC+, WMA, WAV, and AMR-NB
• Headphone Jack: mini-USB
• Video Playback: MPEG4/H.264/H.263/WMV @ 30fps VGA
• Video Recording: MPEG4/H.263 @ 15fps QVGA; Streaming Audio/Video
• Messaging: SMS / MMS / IM
• Email: Push / Enterprise / POP3 / IMAP4 / SMTP
• Internet: OPERA browser, HTML, WAP 1.2.1/2.0
• Sync: ActiveSync® for Outlook contacts calendar, media and documents
• Productivity: Document viewing: Word, Excel, PowerPoint, PDF
• CPU: Qualcomm 7200A 528MHz
• Battery : 920 mAh Lithium (replaceable)
• Talk Time: 3G: 3 hours / 2G: 2.8 hours
• Standby Talk Time: 3G: 250 hours / 2G: 260 hours
• Others: Accelerometer