FORM 6-K

 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934

For the month of
December_______________________________________
 
2007_____________
 
Research In Motion Limited
(Translation of registrant’s name into English)
 
295 Phillip Street,
Waterloo, Ontario, Canada
N2L 3W8
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40F.

   
Form 20-F _______________
Form 40-F     X             
 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):          

                Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):           

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 
 Yes __________
No    X             
 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) : 82-_______________



DOCUMENT INDEX



Document
 
Page No.
     
1.
RESEARCH IN MOTION REPORTS THIRD QUARTER RESULTS
5
 

 
DOCUMENT 1
 
 
December 20, 2007
FOR IMMEDIATE RELEASE

RESEARCH IN MOTION REPORTS THIRD QUARTER RESULTS

Waterloo, ON– Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications market, today reported third quarter results for the three months ended December 1, 2007 (all figures in U.S. dollars and U.S. GAAP).

Revenue for the third quarter of fiscal 2008 was $1.67 billion, up 22% from $1.37 billion in the previous quarter and up 100% from $835.1 million in the same quarter of last year. The revenue breakdown for the quarter was approximately 80% for devices, 14% for service, 4% for software and 2% for other revenue.  Approximately 1.65 million BlackBerry® subscriber accounts were added in the quarter and over 3.9 million devices were shipped.  The total BlackBerry subscriber account base at the end of the third quarter was approximately 12 million.

"RIM’s performance in the third quarter was solid with strong adoption of BlackBerry products and services continuing across multiple market sectors, including enterprise, small and medium business and consumer market segments," said Jim Balsillie, Co-CEO at Research In Motion. "RIM and its partners continue to execute our business plans effectively. We are pleased to see continuing growth amongst business and government users with the BlackBerry platform being deployed for a widening range of applications and we are also pleased with the excellent consumer sales results achieved so far in the holiday buying season."

Net Income for the quarter was $370.5 million, or $0.65 per share diluted, compared with net income of $287.7 million, or $0.50 per share diluted, in the prior quarter and net income of $175.2 million, or $0.31 per share diluted, in the same quarter last year.  The net income for the quarter includes a tax recovery of approximately $10.7 million resulting from the resolution of a tax matter relating to RIM’s Investment Tax Credits (ITCs).

Revenue for the fourth quarter of fiscal 2008 ending March 1, 2008 is expected to be in the range of $1.80-$1.87 billion.  Net subscriber account additions in the fourth quarter are expected to be approximately 1.82 million.  Earnings per share for the fourth quarter are expected to be in the range of $0.66-$0.70 per share diluted.

The total of cash and cash equivalents, short-term investments and investments was $2.13 billion as at December 1, 2007, compared to $1.73 billion at the end of the previous quarter, an increase of $405 million over the prior quarter.  Uses of cash in the quarter included capital expenditures of approximately $97 million.

The company will hold a conference call and webcast today, live at 5:00 pm (eastern) and archived at http://www.rim.com/investors/events/index.shtml until midnight January 10, 2008.  A replay of the Q3 conference call can also be accessed after 7 pm (eastern), December 20, 2007 until midnight (eastern), January 10, 2008 by dialing 416-640-1917 and entering passcode 21221692#.   


About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity. RIM’s portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, the RIM Wireless Handheld™ product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.
 
 
Media Contact:
Courtney Flaherty
Brodeur for RIM
(212) 515-1971
cflaherty@brodeur.com
 
Investor Contact:
RIM Investor Relations
(519) 888 - 7465
investor_relations@rim.com
 
 
 
###
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws, including statements relating to RIM's revenue and earnings expectations for the fourth quarter of fiscal 2008 and anticipated growth in subscribers.  The terms and phrases, “belief”, “will”, “continue”, “expected”, “forecast”, “plans” and similar terms and phrases are intended to identify these 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: risks relating to the restatement of RIM’s previously filed financial statements as a result of the internal review of RIM’s historical option granting practices, and regulatory investigations and litigation relating to those matters, including possible sanctions or penalties against the Company or its directors or officers; risks relating to the efficient and uninterrupted operation of RIM’s network operations center; restrictions on import and/or use of RIM’s products in certain countries due to encryption of the products; risks relating to RIM's intellectual property rights; RIM's ability to enhance current products and develop new products and services; RIM's reliance on carrier partners, third-party manufacturers, third-party network developers and suppliers; and intense competition.  These risk factors and others relating to RIM are discussed in greater detail in the "Risk Factors" section of RIM's Annual Information Form, which is included in its Annual Report on Form 40-F and RIM’s MD&A (copies of which filings may be obtained at www.sedar.com or www.sec.gov).  These factors should be considered carefully, and readers should not place undue reliance on RIM's forward-looking statements.  RIM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.  RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries.  All other brands, product names, company names, trademarks and service marks are the properties of their respective owners.
 
 
Research In Motion Limited
Incorporated under the Laws of Ontario
(United States dollars, in thousands except per share data) (unaudited)

 
Consolidated Statements of Operations
 
   
For the three months ended
 
   
December 1, 2007
   
September 1, 2007
   
December 2, 2006
 
                   
Revenue
  $
1,672,529
    $
1,372,250
    $
835,053
 
Cost of sales
   
824,657
     
667,833
     
382,422
 
Gross margin
   
847,872
     
704,417
     
452,631
 
                         
Gross Margin %
    50.7 %     51.3 %     54.2 %
                         
Expenses
                       
  Research and development
   
92,150
     
88,171
     
61,184
 
  Selling, marketing and administration
   
238,175
     
197,943
     
146,569
 
  Amortization
   
27,653
     
25,350
     
20,334
 
     
357,978
     
311,464
     
228,087
 
                         
Income from operations
   
489,894
     
392,953
     
224,544
 
                         
  Investment income
   
23,816
     
18,984
     
12,666
 
Income before income taxes
   
513,710
     
411,937
     
237,210
 
                         
Provision for income taxes
                       
  Current
   
141,457
     
137,643
     
50,456
 
  Deferred
   
1,792
      (13,391 )    
11,562
 
     
143,249
     
124,252
     
62,018
 
Net Income
  $
370,461
    $
287,685
    $
175,192
 
                         
Earnings per share
                       
     Basic
  $
0.66
    $
0.51
    $
0.32
 
     Diluted
  $
0.65
    $
0.50
    $
0.31
 
                         
Weighted average number of common shares outstanding (000's)
                 
     Basic
   
560,400
     
558,991
     
552,963
 
     Diluted
   
573,700
     
572,165
     
569,463
 
                         
Total common shares outstanding (000's)
   
561,003
     
559,820
     
556,803
 
 
Research In Motion Limited
Incorporated under the Laws of Ontario
(United States dollars, in thousands except per share data) (unaudited)

 
Consolidated Balance Sheets
 
As at
 
December 1,
2007
   
March 3,
2007
 
             
             
Assets
           
 Current
           
  Cash and cash equivalents
  $
1,189,995
    $
677,144
 
  Short-term investments
   
407,173
     
310,082
 
  Trade receivables
   
1,037,326
     
572,637
 
  Other receivables
   
78,262
     
40,174
 
  Inventory
   
339,999
     
255,907
 
  Other current assets
   
127,780
     
41,697
 
  Deferred income tax asset
   
66,832
     
21,624
 
     
3,247,367
     
1,919,265
 
                 
     
-
         
Investments
   
536,127
     
425,652
 
Capital assets
   
634,027
     
487,579
 
Intangible assets
   
173,370
     
138,182
 
Goodwill
   
114,455
     
109,932
 
Deferred income tax asset
   
4,499
     
8,339
 
    $
4,709,845
    $
3,088,949
 
                 
Liabilities
               
 Current
               
  Accounts payable
  $
229,649
    $
130,270
 
  Accrued liabilities
   
545,196
     
287,629
 
  Income taxes payable
   
323,672
     
99,958
 
  Deferred revenue
   
36,038
     
28,447
 
  Current portion of long-term debt
   
336
     
271
 
     
1,134,891
     
546,575
 
                 
Long-term debt
   
7,209
     
6,342
 
Deferred income tax liability
   
48,729
     
52,532
 
Income taxes payable
   
30,285
     
-
 
     
1,221,114
     
605,449
 
                 
Shareholders’ Equity
               
Capital stock
   
2,150,770
     
2,099,696
 
Retained earnings
   
1,240,593
     
359,227
 
Paid-in capital
   
72,854
     
36,093
 
Accumulated other comprehensive income (loss)
   
24,514
      (11,516 )
     
3,488,731
     
2,483,500
 
    $
4,709,845
    $
3,088,949
 
 
 
Research In Motion Limited
Incorporated under the Laws of Ontario
(United States dollars, in thousands except per share data) (unaudited)

Consolidated Statements of Cash Flows
 
   
For the three
   
For the nine
 
   
months ended
   
months ended
 
   
December 1, 2007
   
December 1, 2007
 
             
Cash flows from operating activities
           
Net income
  $
370,461
    $
881,366
 
                 
Items not requiring an outlay of cash:
               
  Amortization
   
47,861
     
126,854
 
  Deferred income taxes
   
1,564
      (60,587 )
  Income taxes payable
   
1,677
     
30,285
 
  Stock-based compensation
   
9,100
     
23,400
 
  Other
   
10,122
     
11,111
 
Net changes in working capital items
   
79,784
      (41,745 )
Net cash provided by operating activities
   
520,569
     
970,684
 
Cash flows from financing activities
               
Issuance of share capital
   
23,268
     
46,451
 
Other paid-in capital
   
3,353
     
9,626
 
Excess tax benefits from stock-based compensation
   
3,885
     
8,358
 
Repayment of long-term debt
    (81 )     (221 )
Net cash provided by financing activities
   
30,425
     
64,214
 
                 
Cash flows from investing activities
               
Acquisition of investments
    (177,320 )     (359,818 )
Proceeds on sale or maturity of investments
   
18,102
     
101,197
 
Acquisition of capital assets
    (96,522 )     (242,270 )
Acquisition of intangible assets
    (41,027 )     (64,484 )
Business acquisitions
    (3,000 )     (6,200 )
Acquisition of short-term investments
    (426,475 )     (1,049,961 )
Proceeds on sale and maturity of short-term investments
   
527,038
     
1,109,187
 
Net cash used in investing activities
    (199,204 )     (512,349 )
                 
Effect of foreign exchange loss on cash and cash equivalents
    (9,698 )     (9,698 )
Net increase in cash and cash equivalents
               
  for the period
   
342,092
     
512,851
 
Cash and cash equivalents, beginning of period
   
847,903
     
677,144
 
Cash and cash equivalents, end of period
  $
1,189,995
    $
1,189,995
 
                 
                 
 As at
 
December 1, 2007
   
September 1, 2007
 
                 
Cash and cash equivalents
  $
1,189,995
    $
847,903
 
Short-term investments
   
407,173
     
493,941
 
Investments
   
536,127
     
386,489
 
    $
2,133,295
    $
1,728,333
 
 



SIGNATURES



Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
Research In Motion Limited
 
(Registrant)
 
Date:
 
 
December 20, 2007
 
 
By:
 
/s/ Edel Ebbs
 
                                    (Signature)
 
Edel Ebbs
Vice President, Investor Relations