Blackberry 2008 Annual Report Download - page 17

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RESEARCH IN MOTION LIMITED
management’s discussion and analysis of financial
condition and results of operations
FOR THE THREE MONTHS AND FISCAL YEAR ENDED MARCH 1, 2008
• the Company’s expectations with respect to the sufficiency
of its financial resources.
The words “expect”, “anticipate”, “estimate”, “may”, “will”,
“should”, “intend”, “believe”, “plan” and similar expressions
are intended to identify forward-looking statements.
Forward-looking statements are based on estimates and
assumptions made by RIM in light of its experience and
its perception of historical trends, current conditions and
expected future developments, as well as other factors that
RIM believes are appropriate in the circumstances. Many
factors could cause RIM’s actual results, performance or
achievements to differ materially from those expressed
or implied by the forward-looking statements, including,
without limitation, the following factors, which are discussed
in greater detail in the “Risk Factors” section of RIM’s Annual
Information Form, which is included in RIM’s Annual Report
on Form 40-F (copies of such filings may be obtained at
www.sedar.com and www.sec.gov):
• risks related to the restatement of RIM’s previously filed
financial statements as a result of its internal review
of its stock option granting practices, and regulatory
investigations or litigation relating to those matters,
including possible sanctions or penalties against the
Company or its directors or officers;
• third-party claims for infringement of intellectual property
rights by RIM and the outcome of any litigation with
respect thereto;
• RIM’s ability to successfully obtain patent or other
proprietary or statutory protection for its technologies
and products;
• RIM’s ability to obtain rights to use software or
components supplied by third parties;
• RIM’s ability to enhance current products and develop new
products;
• RIM’s ability to establish new, and to build on existing,
relationships with its network carrier partners and
distributors;
• RIM’s dependence on its carrier partners to grow its
BlackBerry subscriber account base;
• RIM’s dependence on a limited number of significant
customers;
• the efficient and uninterrupted operation of RIM’s network
operations center and the networks of its carrier partners;
April 17, 2008
The following Management’s Discussion and Analysis of
Financial Condition and Results of Operations (“MD&A”)
should be read together with the audited consolidated
financial statements and the accompanying notes (the
“Consolidated Financial Statements”) of Research In Motion
Limited (“RIM” or the “Company”) for the fiscal year ended
March 1, 2008. The Consolidated Financial Statements have
been prepared in accordance with United States generally
accepted accounting principles (“U.S. GAAP”).
All financial information herein is presented in United
States dollars, except for certain financial information
contained in tables which is expressed in thousands of United
States dollars, and as otherwise indicated.
RIM has prepared this MD&A with reference to National
Instrument 51-102 “Continuous Disclosure Obligations” of
the Canadian Securities Administrators. Under the U.S./
Canada Multijurisdictional Disclosure System, the Company
is permitted to prepare this MD&A in accordance with the
disclosure requirements of Canada, which requirements
are different from those of the United States. This MD&A
provides information for the fiscal year ended March 1, 2008
and up to and including April 17, 2008.
Additional information about the Company, including the
Company’s Annual Information Form, which is included in
RIM’s Annual Report on Form 40-F, can be found on SEDAR
at www.sedar.com and on the U.S. Securities and Exchange
Commission’s (“SEC”) website at www.sec.gov.
Special Note Regarding Forward-Looking Statements
This MD&A contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities laws, including
statements relating to:
• the Company’s plans and expectations with respect to
matters relating to its historical stock option granting
practices, including regulatory investigations and litigation
in connection therewith;
• the Company’s estimates regarding its effective tax rate;
• the Company’s expectations regarding the average selling
price (“ASP”) of its BlackBerry devices;
• the Company’s estimates regarding revenue sensitivity for
the effect of a change in ASP;
• the Company’s estimates of purchase obligations and
other contractual commitments; and