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For
the month of
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June
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2007
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Research
In Motion Limited
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(Translation
of registrant’s name into English)
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295
Phillip Street,
Waterloo,
Ontario, Canada
N2L
3W8
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(Address
of principal executive offices)
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Form
20-F
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Form
40-F
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X
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Yes
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No
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X
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Document
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Page
No.
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1.
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RESEARCH
IN MOTION REPORTS FIRST QUARTER RESULTS dated June 28,
2007
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7
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2.
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Research
In Motion Announces Effective 3-for-1 Stock Split dated June 28,
2007
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1
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·
|
RIM
opened new BlackBerry APIs to support growth in mobile
applications.
|
|
·
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RIM
announced the BlackBerry Mobile Voice System (BlackBerry MVS) for
seamless
enterprise voice integration.
|
|
·
|
RIM
announced a new BlackBerry application suite for Windows Mobile-based
devices.
|
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·
|
RIM
announced the BlackBerry Plug-in for Microsoft Visual
Studio.
|
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·
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RIM
hosted the sixth annual Wireless Enterprise
Symposium.
|
|
·
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AT&T
launched the red BlackBerry Pearl and the BlackBerry Curve in the
U.S.
|
|
·
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Verizon
Wireless launched the BlackBerry 8830 World Edition in the
U.S.
|
|
·
|
T-Mobile
USA launched the BlackBerry 8800 in the
U.S.
|
|
·
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SunCom
launched BlackBerry Pearl in the
U.S.
|
|
·
|
Cincinnati
Bell launched the BlackBerry Pearl in the
U.S.
|
|
·
|
Rogers
launched the red BlackBerry Pearl and the BlackBerry Curve in
Canada.
|
|
·
|
Bell
Mobility announced the BlackBerry 8830 World Edition in
Canada.
|
|
·
|
O2
launched the BlackBerry Curve in the
UK.
|
|
·
|
Vodafone
launched the BlackBerry Curve in the UK and
Spain.
|
|
·
|
Telefónica
launched the BlackBerry Curve in
Spain.
|
|
·
|
Bouygues
Telecom launched the BlackBerry Curve in
France.
|
|
·
|
T-Mobile
launched the BlackBerry Curve in Germany and
Austria.
|
|
·
|
SFR
launched the BlackBerry 8800 in
France.
|
|
·
|
Orange
launched the BlackBerry 8800 in Poland, Romania and
Slovakia.
|
|
·
|
Proximus
launched the BlackBerry 8800 in
Belgium.
|
|
·
|
TIM
launched the white BlackBerry Pearl and the BlackBerry 8800 in
Italy
.
|
|
·
|
TDC
launched the BlackBerry Pearl in
Denmark.
|
|
·
|
Globul
Launched the BlackBerry 8707g and BlackBerry Pearl in
Bulgaria.
|
|
·
|
TMN
launched the BlackBerry Pearl in
Portugal.
|
|
·
|
Mobitel
launched BlackBerry Internet Service in
Slovenia.
|
|
·
|
Manx
Telecom launched BlackBerry in Isle of
Man.
|
|
·
|
MTC-Vodafone
launched the BlackBerry Pearl and BlackBerry 8707v in
Bahrain.
|
|
·
|
Fastlink
launched the BlackBerry Pearl in
Jordan.
|
|
·
|
MTN
launched the BlackBerry Enterprise Solution in
Nigeria.
|
|
·
|
Mobily
launched the BlackBerry Pearl in the Kingdom of Saudi
Arabia.
|
|
·
|
MTC
launched BlackBerry in Kuwait.
|
|
·
|
Meditel
launched BlackBerry in Morocco.
|
|
·
|
Nextel
launched BlackBerry in Argentina and
Brazil.
|
|
·
|
Telefónica
Movistar launched the BlackBerry Curve in
Chile.
|
|
·
|
TIM
launched the BlackBerry Pearl in
Brazil.
|
|
·
|
Telefónica
Movistar launched the BlackBerry Pearl and the BlackBerry 8800
in
Argentina and Colombia.
|
|
·
|
Telefónica
Movistar launched the BlackBerry Pearl in Venezuela, Panama, Nicaragua,
Salvador and Guatemala.
|
|
·
|
Telcel
launched the white and red BlackBerry Pearl in
Mexico.
|
|
·
|
Claro
launched the white BlackBerry Pearl in Brazil and
Peru.
|
|
·
|
Comcel
launched the white BlackBerry Pearl in
Colombia.
|
|
·
|
CTI
launched the white BlackBerry Pearl in
Argentina.
|
|
·
|
Porta
launched the white BlackBerry Pearl in
Ecuador.
|
|
·
|
Entel
launched the BlackBerry Pearl in
Bolivia.
|
|
·
|
TIM
launched the BlackBerry Pearl in
Brazil.
|
|
·
|
Cable
and Wireless launched the BlackBerry Pearl and the BlackBerry 8800
in the
Caribbean.
|
|
·
|
M3
launched the BlackBerry Pearl and BlackBerry 8800 in
Bermuda.
|
|
·
|
UTS
launched the BlackBerry Pearl and BlackBerry 8800 in Curacao and
St.
Martin.
|
|
·
|
Setar
launched the BlackBerry Pearl in
Aruba.
|
|
·
|
Digicel
launched BlackBerry service in
Guyana.
|
|
·
|
Digicel
launched the BlackBerry 8800 in the
Caribbean.
|
|
·
|
Hutch
launched the BlackBerry 8800 in
India.
|
|
·
|
Airtel
launched the BlackBerry 8800 in
India.
|
|
·
|
StarHub
launched the BlackBerry 8800 in
Singapore.
|
|
·
|
SingTel
launched the BlackBerry 8800 in
Singapore.
|
|
·
|
3Hong
Kong launched the BlackBerry 8800 in Hong
Kong.
|
|
·
|
CSL
launched the BlackBerry 8800 and the white BlackBerry Pearl in
Hong
Kong.
|
|
·
|
SmarTone
Vodafone launched the BlackBerry 8800 in Hong
Kong.
|
|
·
|
Peoples
launched the BlackBerry 8800 in Hong
Kong.
|
|
·
|
Telstra
launched the BlackBerry 8800 in
Australia.
|
|
·
|
Optus
launched the BlackBerry 8800 in
Australia.
|
|
·
|
Vodafone
launched the BlackBerry 8800 in
Australia.
|
|
·
|
Smart
launched the BlackBerry 8800 in the
Philippines.
|
|
·
|
Dopod
International Launched BlackBerry Connect
v4.0.
|
|
·
|
BlackBerry
ISV Alliance members continued to build upon the BlackBerry platform
with
a range of new products and services that help customers extend
their
wireless data strategies beyond wireless
email.
|
|
·
|
Sprint
launched the BlackBerry 8830 World Edition in the
U.S.
|
|
·
|
O2
launched the BlackBerry Curve in
Ireland.
|
|
·
|
KPN
launched the BlackBerry Curve in The
Netherlands.
|
|
·
|
Sentel
GSM launched BlackBerry in Senegal.
|
|
·
|
Comcel
launched the BlackBerry 8800 and the red BlackBerry Pearl in
Colombia.
|
|
·
|
CTI
launched the red BlackBerry Pearl in
Argentina.
|
|
·
|
Claro
launched the red BlackBerry Pearl in Peru and
Guatemala.
|
|
·
|
Porta
launched the red BlackBerry Pearl in
Ecuador.
|
|
·
|
Digicel
launched the BlackBerry Curve in the Caribbean and El
Salvador.
|
|
·
|
BTC
launched the BlackBerry Pearl in
Bahamas.
|
|
·
|
Telefónica
Movistar launched the BlackBerry Pearl in Brazil and
Mexico.
|
|
·
|
Entel
PCS launched the BlackBerry 8800 in
Chile.
|
|
·
|
DoCoMo
Announced Japanese Text Input Support for
BlackBerry.
|
|
·
|
3Hong
Kong launched the red BlackBerry Pearl in Hong
Kong.
|
|
·
|
Celcom
launched the BlackBerry Pearl in
Malaysia.
|
|
Media
Contact:
Marisa
Conway
Brodeur
for RIM
212.515.1924
mconway@brodeur.com
|
Investor
Contact:
RIM
Investor Relations
519.888.7465
investor_relations@rim.com
|
|
For
the three months ended
|
||||||||||||
|
June
2,
2007
|
March
3,
2007
|
June
3,
2006
|
||||||||||
|
(Restated)
|
||||||||||||
|
Revenue
|
$ |
1,081,911
|
$ |
930,393
|
$ |
613,116
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||||||
|
Cost
of sales
|
521,841
|
433,035
|
275,388
|
|||||||||
|
Gross
margin
|
560,070
|
497,358
|
337,728
|
|||||||||
|
Gross
Margin %
|
51.8 | % | 53.5 | % | 55.1 | % | ||||||
|
Expenses
|
||||||||||||
|
Research
and development
|
74,934
|
67,321
|
51,822
|
|||||||||
|
Selling,
marketing and administration
|
177,483
|
167,112
|
107,958
|
|||||||||
|
Amortization
|
23,795
|
22,021
|
16,071
|
|||||||||
|
276,212
|
256,454
|
175,851
|
||||||||||
|
Income
from operations
|
283,858
|
240,904
|
161,877
|
|||||||||
|
Investment
income
|
16,447
|
14,794
|
12,051
|
|||||||||
|
Income
before income taxes
|
300,305
|
255,698
|
173,928
|
|||||||||
|
Provision
for income taxes
|
||||||||||||
|
Current
|
130,166
|
33,232
|
9,234
|
|||||||||
|
Deferred
|
(53,081 | ) |
35,082
|
35,850
|
||||||||
|
77,085
|
68,314
|
45,084
|
||||||||||
|
Net
income
|
$ |
223,220
|
$ |
187,384
|
$ |
128,844
|
||||||
|
Earnings
per share
|
||||||||||||
|
Basic
|
$ |
1.20
|
$ |
1.01
|
$ |
0.69
|
||||||
|
Diluted
|
$ |
1.17
|
$ |
0.98
|
$ |
0.67
|
||||||
|
Weighted
average number of common shares outstanding (000’s)
|
||||||||||||
|
Basic
|
185,951
|
185,741
|
186,282
|
|||||||||
|
Diluted
|
190,354
|
190,253
|
192,026
|
|||||||||
|
As
at
|
June
2,
2007
|
March
3,
2007
|
||||||
|
Assets
|
||||||||
|
Current
|
||||||||
|
Cash
and cash equivalents
|
$ |
712,244
|
$ |
677,144
|
||||
|
Short-term
investments
|
456,372
|
310,082
|
||||||
|
Trade
receivables
|
718,357
|
572,637
|
||||||
|
Other
receivables
|
57,560
|
40,174
|
||||||
|
Inventory
|
258,655
|
255,907
|
||||||
|
Other
current assets
|
86,373
|
41,697
|
||||||
|
Deferred
income tax asset
|
51,825
|
21,624
|
||||||
|
2,341,386
|
1,919,265
|
|||||||
|
Investments
|
394,138
|
425,652
|
||||||
|
Capital
assets
|
524,639
|
487,579
|
||||||
|
Intangible
assets
|
139,754
|
138,182
|
||||||
|
Goodwill
|
109,932
|
109,932
|
||||||
|
Deferred
income tax asset
|
5,667
|
8,339
|
||||||
| $ |
3,515,516
|
$ |
3,088,949
|
|||||
|
Liabilities
|
||||||||
|
Current
|
||||||||
|
Accounts
payable
|
$ |
189,945
|
$ |
130,270
|
||||
|
Accrued
liabilities
|
365,379
|
287,629
|
||||||
|
Income
taxes payable
|
106,801
|
99,958
|
||||||
|
Deferred
revenue
|
34,353
|
28,447
|
||||||
|
Current
portion of long-term debt
|
304
|
271
|
||||||
|
696,782
|
546,575
|
|||||||
|
Long-term
debt
|
6,895
|
6,342
|
||||||
|
Deferred
income tax liability
|
43,962
|
52,532
|
||||||
|
Income
taxes payable
|
28,297
|
-
|
||||||
|
775,936
|
605,449
|
|||||||
|
Shareholders’
Equity
|
||||||||
|
Capital
stock
|
2,104,068
|
2,099,696
|
||||||
|
Retained
earnings
|
582,447
|
359,227
|
||||||
|
Paid-in
capital
|
42,158
|
36,093
|
||||||
|
Accumulated
other comprehensive income (loss)
|
10,907
|
(11,516 | ) | |||||
|
2,739,580
|
2,483,500
|
|||||||
| $ |
3,515,516
|
$ |
3,088,949
|
|||||
|
For
the three months ended
|
||||||||
|
June
2, 2007
|
June
3, 2006
|
|||||||
|
(Restated)
|
||||||||
|
Cash
flows from operating activities
|
||||||||
|
Net
income
|
$ |
223,220
|
$ |
128,844
|
||||
|
Items
not requiring an outlay of cash:
|
||||||||
|
Amortization
|
37,716
|
26,809
|
||||||
|
Deferred
income taxes
|
(48,795 | ) |
33,205
|
|||||
|
Income
taxes payable
|
28,297
|
-
|
||||||
|
Share-based
compensation
|
5,300
|
4,984
|
||||||
|
Other
|
3,047
|
(913 | ) | |||||
|
Net
changes in working capital items
|
(23,487 | ) | (93,901 | ) | ||||
|
Net
cash provided by operating activities
|
225,298
|
99,028
|
||||||
|
Cash
flows from financing activities
|
||||||||
|
Issuance
of share capital
|
3,737
|
10,320
|
||||||
|
Excess
tax benefits from share-based compensation
|
1,400
|
-
|
||||||
|
Repayment
of long-term debt
|
(66 | ) | (63 | ) | ||||
|
Net
cash provided by financing activities
|
5,071
|
10,257
|
||||||
|
Cash
flows from investing activities
|
||||||||
|
Acquisition
of investments
|
(114,807 | ) | (5,100 | ) | ||||
|
Proceeds
on sale or maturity of investments
|
25,321
|
17,880
|
||||||
|
Acquisition
of capital assets
|
(66,753 | ) | (44,065 | ) | ||||
|
Acquisition
of intangible assets
|
(9,739 | ) | (22,091 | ) | ||||
|
Business
acquisitions
|
-
|
(38,878 | ) | |||||
|
Acquisition
of short-term investments
|
(287,758 | ) | (778 | ) | ||||
|
Proceeds
on sale and maturity of short-term investments
|
260,718
|
79,987
|
||||||
|
Net
cash used in investing activities
|
(193,018 | ) | (13,045 | ) | ||||
|
Effect
of foreign exchange (loss) gain on cash and
|
||||||||
|
cash
equivalents
|
(2,251 | ) |
1,094
|
|||||
|
Net
increase in cash and cash equivalents for the
period
|
35,100
|
97,334
|
||||||
|
Cash
and cash equivalents, beginning of period
|
677,144
|
459,540
|
||||||
|
Cash
and cash equivalents, end of period
|
$ |
712,244
|
$ |
556,874
|
||||
|
As
at
|
June
2, 2007
|
March
3, 2007
|
||||||
|
Cash
and cash equivalents
|
$ |
712,244
|
$ |
677,144
|
||||
|
Short-term
investments
|
456,372
|
310,082
|
||||||
|
Investments
|
394,138
|
425,652
|
||||||
| $ |
1,562,754
|
$ |
1,412,878
|
|||||
|
Investor
Contact:
RIM
Investor Relations
519.888.7465
investor_relations@rim.com
|
|
Research
In Motion Limited
|
|||||
|
(Registrant)
|
|||||
|
Date:
|
June
28, 2007
|
By:
|
|||
|
(Signature)
|
|||||
|
Brian
Bidulka
Chief
Accounting Officer
|
|||||