BlackBerry Ltd BBRY
Q4 2013 Earnings Call Transcript

Transcript Call Date 03/28/2013

Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Blackberry Fourth Quarter and Year-End Fiscal 2013 Results Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session and instructions will be provided at that time. I would like to remind everyone, this conference call is being recorded today, Thursday, March 28, 2013 at 8.00 am Eastern Time.

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

Paul Carpino - VP, IR: Thank you, Luke. Good morning and welcome to BlackBerry's fiscal 2013 fourth quarter 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 fourth quarter results. We will then open the call up for questions.

This call is available to the general public via call-in numbers and via webcast on the Investor Relations section at The webcast can be accessed through your BlackBerry 10 smartphone, your personal computer, or your BlackBerry PlayBook tablet. A replay of the webcast will also be available on the website. We plan to wrap up the call around 9.00 am Eastern this morning. In order to let as many people as possible ask questions, please limit yourself to one question.

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, objectives, and expectations and the anticipated opportunities and challenges in fiscal 2014, our plans and expectations regarding the BlackBerry 10 platform and its impact on our business, our vision regarding the new world of mobile computing, our plans and expectations regarding BlackBerry World, our ability to leverage the changes made over the past year and to realize the benefits of our exciting new platform and more efficient business model, our product development and marketing initiatives and timing, our plans regarding new service offerings and assumptions regarding our new service revenue model, our anticipated financial results for Q1, working capital management and our anticipated cash position, 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 the anticipated decline in our service fees and our ability to generate service revenue through new offerings; risks related to intense competition, our reliance on carrier partners and distributors; risks relating to network disruptions and other business interruptions; our ability to realize the benefits of our CORE program and similar strategies; our ability to maintain or increase our cash balance, security risks; our ability to retain and attract key personnel; 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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