http://www.morningstar.com/earnings/43460713-rimm-rimm-q2-2013.aspx

RIMM RIMM
Q2 2013 Earnings Call Transcript

Transcript Call Date 09/27/2012

Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Research in Motion Second Quarter Fiscal 2013 Results Conference Call. At this time, all participants are in a listen-only-mode. During today's presentation, there will be a question-and-answer session with instructions provided. As a reminder, this conference is being recorded today, Thursday, September 27, 2012 at 5.00 pm Eastern.

I would now like to turn the conference over to Mr. Paul Carpino, Vice President, Investor Relations. Please go ahead, sir.

Paul Carpino - VP, IR: Thank you Luke. Welcome to RIM's fiscal 2013 first quarter results conference call. With me on the call today are Thorsten Heins, our Chief Executive Officer; and Brian Bidulka, our After I read our cautionary note regarding the forward-looking statements, Thorsten will provide a business and strategic update, Brian will then review the first quarter results and our outlook. We will then open up the call for questions.

This call is available to the general public via call-in number and via webcast in the Investor Relations section at rim.com. The webcast can be heard through your PlayBook or personal computer. A replay of the webcast will also be available on the rim.com website. We plan to wrap up the call around 6.00 pm Eastern this evening. In order to let as many people as possible ask questions, please limit yourself to one question and one brief follow-up.

Some of the statements we will be making today constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. These include statements about our plans, strategies, and objectives and the anticipated challenges and opportunities in the coming quarters, our expectations with respect to product shipments, revenue, gross margin, operating expenses, our anticipated operating loss in Q3, capital expenditures, ARPU, intangible asset purchases and our cash position, our product development and marketing initiatives and timing, including our expectations relating to carrier lab entries, and the launch of our BlackBerry 10 smartphones, plans and expectations relating to our CORE program and our strategic review, and other statements regarding our plans, objectives and expectations.

We will indicate forward-looking statements by using words such as expect, plan, anticipate, estimate, may, will, should, forecast, intend, believe, continue, and similar expressions. All forward-looking statements reflect our current views with respect to future events and are subject to risks and uncertainties and assumptions we have made.

Many factors could cause our actual results, performance or achievements to be materially different from those expressed or implied by our forward-looking statements, including our ability to enhance our current products and develop new products and services, risks related to further delays in new product introductions, risks related to intense competition both in North America and internationally, our reliance on carrier partners and distributors, our ability to maintain and grow our service revenue, risks relating to network disruptions and other business interruptions, security risks and risks related to the collection storage transmission use and disclosure of personal information, our ability to maintain or increase our cash balance, our ability to implement and realize the benefits of our CORE program, our ability to retain and attract key personnel, our ability to maintain and enhance the BlackBerry brand. Risks associated with our international operations, intellectual property risks, difficulties in forecasting financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize our industry, and other factors set forth in the risk factors and MD&A sections in RIM's filings with the SEC and Canadian securities regulators. We base our forward-looking statements on information currently available to us and we do not assume any obligations to update them except as required by law.

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