Blackberry 2011 Annual Report Download - page 20

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RESEARCH IN MOTION LIMITED
MD&A
Management’s Discussion and Analysis
of Financial Condition and Results of Operations
for the Three Months and Fiscal Year ended February 26, 2011
March 29, 2011
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 February 26, 2011. 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 this MD&A is presented in U.S. dollars, unless 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 February 26, 2011 and up to and including March 29, 2011.
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.
Cautionary 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:
• assumptions and expectations described in the Company’s critical accounting policies and estimates;
• the Company’s expectations regarding the adoption and impact of certain accounting pronouncements;
• the Company’s expectations regarding new product introductions;
• the Company’s estimates regarding its effective tax rate;
• the Company’s estimates of purchase obligations and other contractual commitments;
• the Company’s expectations with respect to the sufficiency of its financial resources; and
• the Company’s expectations regarding gross margin.
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:
• 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;
• potential impact of copyright levies in numerous countries;
• RIM’s ability to enhance current products and services, or develop new products and services in a timely manner at competitive
prices;
RESEARCH IN MOTION ANNUAL REPORT 2011 7