Research In Motion Boosts 4Q Subscriber Forecast

BlackBerry maker Research In Motion raised its forecast for fourth quarter net subscriber account additions, putting them about 15-20% higher than the 1.82 million net subscriber account additions it projected in December.

The Waterloo, Ont. company said its BlackBerry subscriber account base is expected to total about 14 million at the end of the fourth quarter.

Research In Motion said the seasonal slowdown in net subscriber account additions that it had expected in the new year didn't occur.

The company also confirmed its fourth-quarter revenue guidance of $1.80-$1.87 billion and earnings guidance of 66-70 cents a share.

Research In Motion, which makes wireless products for the mobile communications market, will report results for the fourth quarter ending March 1 on April 2.

-Judy McKinnon; 416-306-2100; AskNewswires@dowjones.com

(END) Dow Jones Newswires

Posted to the site on 21st February 2008