Blackberry 2010 Annual Report Download

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2010

Table of contents

  • Page 1
    2010

  • Page 2
    ... statements relating to RIM's plans and expectations for fiscal 2011. Many factors could cause RIM's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, as described within the 2010 Annual Report under "Management...

  • Page 3
    ... is in our DNA. Our unique experience and expertise gives BlackBerry smartphones significant advantages including long battery life, real-time delivery of information and cost effectiveness for our partners and end-users. To those of you who choose to dream and live big, we put that kind of spirit...

  • Page 4
    ...® Theme Studio, BlackBerry Widgets, and new payment and advertising tools and services to help developers monetize their applications. RIM also previewed a new WebKit-based browser that is expected to launch in fiscal 2011. The BlackBerry platform remains the corporate standard for enterprise...

  • Page 5
    ... finance, operations, administration and facilities to meet current and future growth. RIM had approximately 14,000 employees at the end of fiscal 2010. We continue to seek the best talent across all areas of the Company, including R&D, carrier support, business development, marketing, customer care...

  • Page 6
    ... of BlackBerry. Fiscal 2010 was another year of exceptional growth. Over 250,000 organizations around the world are currently using BlackBerry Enterprise Server and in fiscal 2010 RIM introduced BlackBerry Enterprise Server Express to better address the needs of small and medium sized businesses...

  • Page 7
    BlackBerry Subscriber Accounts (in millions) Annual Revenue (in billions of U.S. dollars) 50 40 30 20 10 0 04 05 06 07 08 09 10 $15 12 9 6 3 0 04 05 06 07 08 09 10 International Subscriber Accounts (in millions) Fiscal 2010 Geographic Revenue Mix 15 12 9 6 58% U.S. 5% Canada 10% U.K. 3 0 27...

  • Page 8
    ... more information about RIM (TSX: RIM; NASDAQ: RIMM), visit www.rim.com or www.blackberry.com. EPS $5 4 3 Diluted CAGR* 87% BlackBerry Smartphone Shipments (in millions of devices) CAGR 85% 40 35 30 25 20 Fiscal 2010 Revenue Mix (in U.S. dollars) 81% Devices 14% Services 2% Software 3% Other...

  • Page 9
    ... per share Basic ...Diluted ...Operating data (percentage of revenue) Gross margin...Research and development ...Selling, marketing and administration ...Balance sheet data Cash, cash equivalents, short-term investments and long-term investments ...Total assets ...Shareholders' equity ... February...

  • Page 10
    ... Accounting Policies and Estimates ...Impact of Accounting Pronouncements Not Yet Implemented ...Restatement of Previously Issued Financial Statements ...Results of Operations - Fiscal 2010 Compared to Fiscal 2009 and Fiscal 2008 ...Revenue ...Gross Margin ...Research and Development ...Selling...

  • Page 11
    ... In Motion Limited ("RIM" or the "Company") for the fiscal year ended February 27, 2010. The Consolidated Financial Statements are presented in U.S. dollars and have been prepared in accordance with United States generally accepted accounting principles ("U.S. GAAP"). All financial information in...

  • Page 12
    ... infrastructure developers, software platform vendors and service platform vendors; • effective management of growth and ongoing development of RIM's service and support operations; • regulation, certification and health risks, and risks relating to the misuse of RIM's products; • restrictions...

  • Page 13
    ... solution, the RIM Wireless HandheldTM product line, software development tools and other software and hardware. The Company's sales and marketing efforts include collaboration with strategic partners and distribution channels, as well as its own supporting sales and marketing teams, to promote...

  • Page 14
    ... February 28, 2009 and March 1, 2008, which is expressed in thousands of dollars. MD&A (in thousands, except for per share amounts) As at and for the Fiscal Year Ended February 27, 2010 Revenue ...Cost of sales ...Gross margin ...Operating expenses Research and development ...Selling, marketing and...

  • Page 15
    ... sets forth certain consolidated statement of operations data expressed as a percentage of revenue for the periods indicated: For the Fiscal Year Ended February 27, 2010 Revenue ...Cost of sales ...Gross margin ...Operating expenses Research and development ...Selling, marketing and administration...

  • Page 16
    ... monthly basis when the service is provided. In instances where the Company bills the customer prior to performing the service, the prebilling is recorded as deferred revenue. See "Sources of Revenue" for more information on the calculation of the number of subscriber accounts. Software Revenue from...

  • Page 17
    ..., component part purchase commitments of the Company and certain key suppliers, product life cycle and development plans, component cost trends, product pricing and quality issues. If customer demand subsequently differs from the Company's forecasts, requirements for inventory write-offs that...

  • Page 18
    ... on business, freight expense, and material usage and other related repair costs. The Company's estimates of costs are based upon historical experience and expectations of future return rates and unit warranty repair cost. To the extent that the Company experiences changes in warranty activity, or...

  • Page 19
    ... valuation process and assesses the pricing of the securities for reasonableness. To do this, the Company utilizes internally developed models to estimate fair value. Inputs into the internally developed models may include benchmark yields, reported trades, quotes, issuer spreads, benchmark curves...

  • Page 20
    ...-Based Compensation The Company has an incentive stock option plan for officers and employees of the Company or its subsidiaries. The Company estimates stock-based compensation expense at the grant date based on the award's fair value as calculated by the Black-Scholes-Merton ("BSM") option-pricing...

  • Page 21
    ... members of the Board of Directors. After such a director ceases to be a director, DSUs will be redeemed for cash with the redemption value of each DSU or, at the Company's option and subject to receipt of shareholder approval, by way of shares purchased on the open market or issued by the Company...

  • Page 22
    ... (the "Settlement Agreement") with the Company and certain of its officers and directors, including its Co-Chief Executive Officers ("Co-CEOs") relating to the previously disclosed OSC investigation of the Company's historical stock option granting practices. As part of the Settlement Agreement, the...

  • Page 23
    ... must be set out in writing and disclosed in the Company's MD&A. Arising from the events leading to the Settlement Agreement, the Company's Board and senior management team, including the Company's Co-CEOs, are committed to establishing and maintaining high standards of corporate governance. This...

  • Page 24
    ...,775 common shares. • Changes to the Company's Stock Option Granting Practices - In June 2007, the Board approved a formal policy on granting equity awards, the details of which are described in the Company's Management Information Circular, dated May 28, 2008 (the "Management Information Circular...

  • Page 25
    ... compliance. The latter employee is assisting in the administration of the Company's equity awards granting program. Review Costs Included in the Company's selling, marketing and administration expenses in fiscal 2008 and fiscal 2009 are legal, accounting and other professional costs incurred by the...

  • Page 26
    ... 2009. The majority of the increase was attributable to increases in non-warranty repair and sales of accessories offset partially by losses realized from revenue hedging instruments. See "Market Risk of Financial Instruments - Foreign Exchange" for additional information on the Company's hedging...

  • Page 27
    ...RIM's Co-CEOs, related to the exercise of certain stock options issued by the Company. Amortization Expense The table below presents a comparison of amortization expense relating to capital assets and intangible assets recorded as amortization or cost of sales for fiscal 2010 compared to fiscal 2009...

  • Page 28
    ... primarily reflects the impact of certain capital assets and intangible asset additions made during fiscal 2010. Cost of sales The increased amortization expense in fiscal 2010, related to the Company's manufacturing operations and BlackBerry service operations, primarily reflects the impact of...

  • Page 29
    ...paid any cash dividends during the last three fiscal years. On November 4, 2009, the Company's Board of Directors authorized a Common Share Repurchase Program for the repurchase and cancellation through the facilities of the NASDAQ Stock Market, common shares having an aggregate purchase price of up...

  • Page 30
    ... in part by improved service margins resulting from cost efficiencies in RIM's network operations infrastructure as a result of the increase in BlackBerry subscriber accounts. Operating Expenses The table below presents a comparison of research and development, selling, marketing and administration...

  • Page 31
    ... expenditures for marketing, advertising and promotion expenses including additional programs to support new product launches, salary and benefits expenses primarily as a result of increased personnel, external advisory fees, office and related staffing infrastructure costs and travel expenses...

  • Page 32
    ..., 2007. The stock split was implemented by way of a stock dividend. Shareholders received two common shares of the Company for each common share held. The stock dividend was paid in the second quarter of fiscal 2008. All share, earnings per share and stock option data for the current fiscal year and...

  • Page 33
    ... per share amounts) For the Three Months Ended Change Q4 Fiscal 2010/2009 $ 616,519 137,007 479,512 84,629 91,149 24,945 200,723 278,789 (5,114) 273,675 81,812 $ 191,863 $ $ 0.35 0.37 February 27, 2010 Revenue...Cost of sales...Gross margin ...Operating expenses Research and development...Selling...

  • Page 34
    ...44.5% in the first quarter of fiscal 2011, based on the Company's current expectation for product mix, device ASP, current product costs and foreign exchange. Operating Expenses The table below presents a comparison of research and development, selling, marketing and administration, and amortization...

  • Page 35
    ... programs to support new product launches, increased salary and benefits expenses primarily as a result of increased personnel, external advisory fees and information technology costs. Amortization Expense The table below presents a comparison of amortization expense relating to capital assets...

  • Page 36
    ... for the payment on account of certain employee tax liabilities related to certain previously exercised stock options with measurement date issues that were exercised during certain time periods and the foreign exchange impact of the enactment of functional currency tax legislation in Canada. See...

  • Page 37
    ...payment on account of certain incremental personal tax liabilities of certain employees, excluding RIM's Co-CEOs, related to the exercise of certain stock options issued by the Company. See "Results of Operations - Selling, Marketing and Administration Expenses" for fiscal year end February 27, 2010...

  • Page 38
    ... February 28, 2009. The majority of the Company's cash and cash equivalents, short-term investments and long-term investments are denominated in U.S. dollars as at February 27, 2010. A comparative summary of cash and cash equivalents, short-term investments and long-term investments is set out below...

  • Page 39
    ...use of intellectual property. Business acquisitions in fiscal 2010 related to the purchases of Certicom Corp. and Torch Mobile Inc., the purchase of a company whose proprietary software will be incorporated into the Company's software and the purchase of certain assets of a company that will be used...

  • Page 40
    ...September 15, 2008, the Company's regular access to information regarding the account has been disrupted. Following the appointment of the Administrators to LBIE the Company has asserted a trust claim in specie (the "Trust Claim") over the assets held for it by LBIE for the return of those assets in...

  • Page 41
    ... fiscal years. Cash and cash equivalents, short-term investments and long-term investments were $2.87 billion as at February 27, 2010. The Company believes its financial resources, together with expected future income, are sufficient to meet funding requirements for current financial commitments...

  • Page 42
    ..." in RIM's Annual Information Form, which is included in RIM's Annual Report on Form 40-F. Additional lawsuits and claims, including purported class actions and derivative actions, may also be filed or made based upon the Company's historical stock option granting practices. Management reviews all...

  • Page 43
    ... on April 30, 2008. On August 26, 2008, the Court granted RIM's motion to transfer this case to the Dallas District Court. This portion of the Motorola litigation is now closed. On January 6, 2009, Motorola filed a complaint in the United Kingdom against the Company for infringement of European...

  • Page 44
    .... These patents are generally directed to remote device management functionality. The complaint seeks an injunction and monetary damages. On February 26, 2010, the Court issued a claim construction order. No trial date has been set. Proceedings are ongoing. On November 17, 2008, Spansion, Inc. and...

  • Page 45
    ...5,913,028. The patent is generally directed to data traffic delivery. The complaint seeks an injunction and money damages. The Court has set a trial date of May 7, 2012. Proceedings are ongoing. On September 23, 2009, SimpleAir, Inc. filed a lawsuit against the Company and 10 other defendants in the...

  • Page 46
    .... The patents are generally directed to video compression and decompression. The complaint seeks an injunction and money damages. Proceedings are ongoing. On March 26, 2010, the PACid Group LLC filed a lawsuit against Research In Motion Limited, Research In Motion Corporation and 30 other defendants...

  • Page 47
    ...in terms of numbers, sales and account receivables volumes and in some instances new or significantly increased credit limits. The Company, in the normal course of business, monitors the financial condition of its customers and reviews the credit history of each new customer. The Company establishes...

  • Page 48
    ...13(a)-15(f) and 15(d)-15(f) under the U.S. Exchange Act as a process designed by, or under the supervision of, the Company's principal executive and principal financial officers and effected by the Company's Board of Directors, management and other personnel to provide reasonable assurance regarding...

  • Page 49
    ...this report, its current leadership structure can support the effective and independent board leadership required to oversee management and discharge its responsibilities to the corporation and its shareholders. This recommendation has been accepted in part and has been addressed. The chair position...

  • Page 50
    ... for each of the Co-CEOs and executive officers and will form part of the CNG Committee's fiscal year 2010 performance assessment. The CNG Committee and the Board anticipate that the annual assessment process will continue to be refined in future fiscal years. The Board recognizes that this is an...

  • Page 51
    ... and service as directors and officers at other public companies, the Board believes that the agenda-setting process and the information it receives is appropriate and not atypical. The Board has observed an improvement in the timeliness and content of Board materials since a new Corporate Secretary...

  • Page 52
    ... given to publicly disclosing the Company's corporate governance guidelines as it is a leading practice for larger organizations. This recommendation has been accepted and will be addressed as follows. The Board believes that the Company has in place a significant number of policies, procedures and...

  • Page 53
    ...of the Corporate Disclosure Committee, accountability for the compliance program will be assigned to the Company's existing Risk Council, which consists of senior management members representing all of the significant areas of the Company's business. Pursuant to its existing charter, the role of the...

  • Page 54
    ... and will reconsider the implications upon the expiry of the current one-year term. The Board does not view the designation as having an impact on the organization's compliance culture. Pursuant to Schedule C to the Settlement Agreement, Protiviti is to make recommendations where it identifies...

  • Page 55
    ... policies are reviewed annually by the Board and supplemented and updated as circumstances warrant. The business standards and principles policies include a code of ethics; handling financial complaints guidelines; employee confidentiality and intellectual property agreement; insider trading policy...

  • Page 56
    ... issues are recognized and addressed appropriately. The group currently consists of a Senior Vice-President and 12 employees who have joined the Company since 2008. Pursuant to its charter, the Senior Vice-President reports directly to the A&RM Committee (administratively to one of the Co-CEOs...

  • Page 57
    ... additional monitoring controls over activities in the existing stock option administration system. In addition, the Company has entered into an agreement for the implementation of a new equity program administration platform and is currently working with the service provider on the implementation...

  • Page 58
    ... non-financial disclosures, more formally identify and document disclosure controls and procedures, and regularly execute a formal testing program for DC&P to more fully support its periodic certification obligations. The recommendation has been accepted and will be addressed as follows. The Company...

  • Page 59
    ... by the shareholders, in accordance with Canadian generally accepted auditing standards and the standards of the Public Company Accounting Oversight Board (United States). Mike Lazaridis President & Co-CEO Waterloo, Ontario Jim Balsillie Co-CEO 51 RESPONSIBILITY AUDITOR'S MANAGEMENT'S REPORT ON...

  • Page 60
    ..., shareholders' equity and cash flows for the years ended February 27, 2010, February 28, 2009 and March 1, 2008 of the Company and our report dated April 1, 2010 expressed an unqualified opinion thereon. Kitchener, Canada, April 1, 2010. Chartered Accountants Licensed Public Accountants 52

  • Page 61
    ... sheets of Research In Motion Limited [the "Company"] as at February 27, 2010 and February 28, 2009, and the related consolidated statements of operations, shareholders' equity and cash flows for the years ended February 27, 2010, February 28, 2009 and March 1, 2008. These financial statements are...

  • Page 62
    ... Current Accounts payable ...Accrued liabilities ...Income taxes payable ...Deferred revenue ...Deferred income tax liability ...Deferred income tax liability ...Income taxes payable ...Commitments and contingencies Shareholders' Equity Capital stock Preferred shares, authorized unlimited number...

  • Page 63
    ...-for-sale investments ...Net change in fair value of derivatives designated as cash flow hedges during the year ...Amounts reclassified to earnings during the year...Shares issued: Exercise of stock options ...Transfers to capital stock from stock option exercises .. Stock-based compensation...

  • Page 64
    ...except per share data) OPERATIONS For the Year Ended February 27, 2010 Revenue Devices and other ...Service and software ...Cost of sales Devices and other ...Service and software ...Gross margin ...Operating expenses Research and development...Selling, marketing and administration ...Amortization...

  • Page 65
    ... investments ...Proceeds on sale or maturity of short-term investments ...Net cash used in investing activities ...Cash flows from financing activities Issuance of common shares ...Additional paid-in capital ...Excess tax benefits from stock-based compensation ...Purchase of treasury stock (note 11...

  • Page 66
    ... own supporting sales and marketing teams, to promote the sale of its products and services. The Company was incorporated on March 7, 1984 under the Ontario Business Corporations Act. The Company's shares are traded on the Toronto Stock Exchange under the symbol "RIM" and on the NASDAQ Global Select...

  • Page 67
    ... 1, 2008 - three customers comprised 21%, 15% and 12%). Investments The Company's investments, other than cost method investments of $2.5 million and equity method investments of $4.1 million, consist of money market and other debt securities, and are classified as available-for-sale for accounting...

  • Page 68
    RESEARCH IN MOTION LIMITED Notes to the Consolidated Financial Statements In thousands of United States dollars, except share and per share data, and except as otherwise indicated continued NOTE 1 The Company records all derivative instruments at fair value on the consolidated balance sheets. ...

  • Page 69
    ... the anticipated number of units sold during the terms, subject to a maximum of 5 years Straight-line over 17 years or over estimated useful life Patents Goodwill Goodwill represents the excess of the purchase price of business acquisitions over the fair value of identifiable net assets acquired...

  • Page 70
    RESEARCH IN MOTION LIMITED Notes to the Consolidated Financial Statements In thousands of United States dollars, except share and per share data, and except as otherwise indicated continued NOTE 1 Revenue recognition The Company recognizes revenue when it is realized or realizable and earned. ...

  • Page 71
    ...the financial statements for all new and unvested stock options that are ultimately expected to vest as the requisite service is rendered beginning in the Company's fiscal 2007 year. The Company measures stock-based compensation expense at the grant date based on the award's fair value as calculated...

  • Page 72
    .... Advertising costs The Company expenses all advertising costs as incurred. These costs are included in selling, marketing and administration. 2. ADOPTION OF ACCOUNTING POLICIES In February 2010, the Financial Accounting Standards Board ("FASB") issued authoritative guidance updating previously...

  • Page 73
    ... became effective for fiscal years beginning after November 15, 2007. However, in February 2008, the FASB issued further guidance which delayed the effective date relating to fair value measurements for non-financial assets and liabilities that are not measured at fair value on a recurring basis to...

  • Page 74
    ... sale accounting and requires enhanced disclosures about a transferor's continuing involvement with transferred financial assets. This new authoritative guidance is effective for annual periods beginning after November 15, 2009. The Company will adopt the guidance in the first quarter of fiscal 2011...

  • Page 75
    ...,248 $ 2,863,008 As at February 28, 2009 Bank balances...Money market fund ...Bankers acceptances and term deposits/certificates...Commercial paper and corporate notes/bonds ...Treasury bills/notes...Government sponsored enterprise notes...Asset-backed securities ...Auction-rate securities ...Other...

  • Page 76
    ... related fair values were as follows: Less than 12 months Fair Value Unrealized losses 12 months or greater Fair Value Unrealized losses Fair Value Total Unrealized losses As at February 27, 2010 Commercial paper and corporate notes/bonds ...Treasury bills/notes ...Government sponsored enterprise...

  • Page 77
    ... presents the Company's assets and liabilities that are measured at fair value on a recurring basis: As at February 27, 2010 Level 1 Level 2 Level 3 Total Assets Available-for-sale investments Money market fund ...Banker acceptances and term deposits/certificates ...Commerical paper and corporate...

  • Page 78
    ... States dollars, except share and per share data, and except as otherwise indicated continued As at February 28, 2009 Level 1 Level 2 Level 3 Total Assets Available-for-sale investments Money market fund ...Bankers acceptances and term deposits/certificates...Commerical paper and corporate...

  • Page 79
    ...$ 2,877,971 $ 921,390 February 28, 2009 Cost Accumulated amortization Net book value Land ...Buildings, leaseholds and other ...BlackBerry operations and other information technology ...Manufacturing equipment, research and development equipment, and tooling ...Furniture and fixtures ... $ 90...

  • Page 80
    ... each acquired business in the consolidated financial statements from the date of acquisition. Effective fiscal 2010, the Company expenses: (a) all direct costs associated with the acquisitions as incurred; (b) compensation paid to employees for pre-combination services as part of the consideration...

  • Page 81
    ...closed on August 22, 2007. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition along with prior year's acquisition allocations: For the year ended February 27, 2010 February 28, 2009 March 1, 2008 Assets purchased Current...

  • Page 82
    RESEARCH IN MOTION LIMITED Notes to the Consolidated Financial Statements In thousands of United States dollars, except share and per share data, and except as otherwise indicated continued 10. INCOME TAXES The difference between the amount of the provision for income taxes and the amount ...

  • Page 83
    ... assets ...Research and development ...Unrealized gains on financial instruments...Net deferred income tax liabilities ...Net deferred income tax asset ...Deferred Deferred Deferred Deferred income income income income tax tax tax tax asset - current ...liability - current ...asset - long-term...

  • Page 84
    RESEARCH IN MOTION LIMITED Notes to the Consolidated Financial Statements In thousands of United States dollars, except share and per share data, and except as otherwise indicated continued A summary of open tax years by major jurisdiction is presented below: Canada(1) ...United States(1) ......

  • Page 85
    ... 2010 (fiscal 2009 - $38.1 million; fiscal 2008 - $33.7 million) in relation to stock-based compensation expense. The Company has presented excess tax benefits from the exercise of stock-based compensation awards as a financing activity in the consolidated statement of cash flows. Stock options...

  • Page 86
    ...stock options that were exercised prior to fiscal 2008. As the repricing of stock options reflects an increase in the exercise price of the option, there is no incremental stock compensation expense related to these repricing events. As previously disclosed, the Company's Co-Chief Executive Officers...

  • Page 87
    ... intrinsic value of stock options exercised during fiscal 2010, calculated using the average market price during the period, was approximately $58 per share. A summary of unvested stock options since February 28, 2009 is shown below: Options Outstanding Weighted Average Grant Date Fair Value Number...

  • Page 88
    RESEARCH IN MOTION LIMITED Notes to the Consolidated Financial Statements In thousands of United States dollars, except share and per share data, and except as otherwise indicated continued During the year ended February 27, 2010, there were 559 stock options granted. The weighted-average fair ...

  • Page 89
    Deferred Share Unit Plan The Company issued 14,593 DSUs in the year ended February 27, 2010. There are 34,801 DSUs outstanding as at February 27, 2010 (February 28, 2009 - 20,208). The Company had a liability of $2.5 million in relation to the DSU plan as at February 27, 2010 (February 28, 2009 - $...

  • Page 90
    ... ("MD&A") of financial condition and results of operations for fiscal 2010. 13. PRODUCT WARRANTY The Company estimates its warranty costs at the time of revenue recognition based on historical warranty claims experience and records the expense in cost of sales. The warranty accrual balance is...

  • Page 91
    ...15 ­ 16 March 1, 2008 16. SUPPLEMENTAL INFORMATION (a) Cash flows resulting from net changes in working capital items are as follows: For the year ended February 27, 2010 February 28, 2009 Accounts receivable...Other receivables ...Inventories ...Other current assets...Accounts payable ...Accrued...

  • Page 92
    ...United States dollars, except share and per share data, and except as otherwise indicated continued (b) Certain statement of cash flow information related to interest and income taxes paid is summarized as follows: For the year ended February 27, 2010 February 28, 2009 March 1, 2008 Interest paid...

  • Page 93
    ... instruments designated as cash flow hedges in the consolidated balance sheets: As at February 27, 2010 Balance Sheet Classification Fair Value February 28, 2009 Balance Sheet Classification Fair Value Currency forward contracts - asset Currency forward contracts - liability Other current assets...

  • Page 94
    ...1,897 $4,966 Revenue Cost of sales Selling, marketing and administration Research and development $(34,204) $ 4,706 $ 2,809 $ 6,270 The following table show the impact of derivative instruments designated as cash flow hedges on the consolidated statements of operations for the year ended February...

  • Page 95
    ... accounting on the consolidated statement of operations for the year ended February 28, 2009: Location of Gain Recognized in Income on Derivative Instruments Amount of Gain in Income on Derivative Instruments Currency Forward Contracts Selling, marketing and administration $24,782 The Company...

  • Page 96
    ... The Company is organized and managed as a single reportable business segment. The Company's operations are substantially all related to the research, design, manufacture and sales of wireless communications products, services and software. Selected financial information is as follows: Revenue...

  • Page 97
    ... Accountants 515 Riverbend Drive Kitchener, Ontario, N2K 3S3 Stock Exchange Listings Nasdaq Global Select Market Symbol: RIMM The Toronto Stock Exchange Symbol: RIM Corporate Office Research In Motion Limited 295 Phillip Street Waterloo, Ontario, N2L 3W8 Corporate Website www.rim.com 1 Member...

  • Page 98
    Research In Motion • 295 Phillip Street Waterloo, Ontario, Canada N2L 3W8 • www.rim.com T: 519.888.7465 F: 519.885.4902 E: [email protected]