Blackberry 2001 Annual Report Download - page 6

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Larry Conlee
Chief Operating Officer,
Production and
Manufacturing
Finance
RIM’s revenue grew 160% from $85 million to $221 million. Revenue growth was driven by
BlackBerry, as well as new handheld supply relationships with companies such as America
Online, Inc. (“AOL”) and continued handheld sales to our carrier partners at Cingular
SM
Interactive LLC (formerly BellSouth Wireless Data) and Motient
™
Corporation.
RIM has an extremely strong balance sheet after completing a follow-on equity offering
in November 2000 that raised $580 million. At year-end, RIM had over $720 million in
cash, cash equivalents and short-term marketable securities. We believe that these financial
assets will provide the resources necessary to continue to grow the business.
BlackBerry
BlackBerry continues to grow as the core driver of RIM’s business, establishing itself as
the corporate standard for wireless data communications in North America over the past
year. Users within corporations and government rely on BlackBerry to keep them connected
to information and each other.
As we launch in Europe this summer, we believe BlackBerry will enjoy the same rapid
take-up and level of success as it has in North America.
The launch of BlackBerry Enterprise Edition for Lotus Domino effectively doubles our
potential market in North America. Companies using Lotus Notes®and Domino have
previously been only able to read about BlackBerry and see others using it. With the
widespread availability of BlackBerry for Lotus Domino, we believe there is a significant
opportunity for growth.
In North America, we added many channel partners for BlackBerry during the past year.
Aether
™
Systems Inc., Bell Mobility®
, Cingular, Compaq®Computer Corporation, GoAmerica
Communications Corp., Motient, SkyTel®Communications, Inc., Rogers
™
AT&T®
, Vaultus,
Inc., and now IBM®(International Business Machines) all began selling BlackBerry as part
of their product offerings.
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