BRIEF-RIM CFO says some assets held for sale, cash position to remain strong

TORONTO Thu Dec 20, 2012 5:35pm EST

TORONTO Dec 20 (Reuters) - Research In Motion Ltd : * Chief financial officer brian bidulka says blackberry sell-through was 8.4

million units * CFO says some assets have been held for sale and will be reflected in

financial statements as discontinued operations until they are disposed of * CFO says sales outside the u.s., UK, and Canada grew 7 percent this quarter,

made up about 65 percent of total revenue, compared to 58 percent in Q2 * CFO says expects to end the fiscal year "substantially higher" than the $2.1

billion when the year started * CFO says spend $55 mil * CFO says spend $55 million in pre-tax restructuring costs, ended quarter with

13,400 employees * CFO says expects total cost of cost-cutting program to be about $250 million

by end of fiscal 2013, versus initial estimate of $350 million * CFO says expects capital expenditure in current quarter to be below $100

million

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Comments (2)
xcel wrote:
In other words, RIM shut down operations, sell off assets, cut staff, and putting money in the piggybank. That’s good, RIM should sell off operations and all its assets and return all the remaining moneys to the poor long time suffering shareholders.

Dec 20, 2012 5:55pm EST  --  Report as abuse
xcel wrote:
In other words, RIM shut down operations, sell off assets, cut staff, and putting money in the piggybank. That’s good, RIM should sell off operations and all its assets and return all the remaining moneys to the poor long time suffering shareholders.

Dec 20, 2012 5:55pm EST  --  Report as abuse
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