Q3 2013 Earnings Call Transcript

Transcript Call Date 12/21/2012

Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Research In Motion Third Quarter Fiscal 2013 Results Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, this conference is being recorded today, Thursday, December 20, 2012 at 5.00 pm Eastern Time.

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

Paul Carpino - VP, IR: Thank you, Luke. Welcome to RIM's fiscal 2013 third quarter results conference call. With me on the call today are Thorsten Heins, our Chief Executive Officer; and Brian Bidulka, our Chief Financial Officer. After I read our cautionary note regarding forward-looking statements, Thorsten will provide a business update, and Brian will then review the third 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 numbers and via webcast in the Investor Relations section at The webcast can be accessed through your personal computer or your BlackBerry PlayBook tablet. A replay of the webcast will be available on the 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 Q4 in fiscal 2014, our plans and expectations relating to the upcoming launch of BlackBerry 10 and its impact on our business. Our expectations with respect to unit volumes, subscribers, service fees and marketing initiatives, revenue, gross margin, ARPU and operating expenses, our anticipated operating loss in Q4, working capital management and our anticipated cash position, our product development and marketing initiatives and timing, 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 delays in new product introduction. Risks related to intense competition both in North America and internationally; our reliance on carrier partners and distributors; risks related to pressure on our service fees and our ability to generate service revenue through new offerings; 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 and 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 obligation to update them except as required by law.

Read our Earnings Call Transcript disclaimer.
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