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WATERLOO, ONTARIO--(Feb. 16, 2007) - Research In Motion Limited today provides this status update pursuant ... Smartphone News forum

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    hayden's Avatar
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    RIM Provides Status Update

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    WATERLOO, ONTARIO--(Feb. 16, 2007) - Research In Motion Limited today provides this status update pursuant to the alternative information guidelines of the Ontario Securities Commission (OSC). These guidelines contemplate that the Company will normally provide bi-weekly updates on its affairs until such time as the Company is current with its filing obligations under Canadian securities laws.

    The Company's management-initiated, voluntary review of stock option grants is ongoing and nearing completion. Following the completion of the review and the presentation of the Special Committee's report to RIM's Board of Directors, the key findings, conclusions and recommendations of the Special Committee will be disclosed. As previously disclosed, the Audit Committee of RIM's Board of Directors has made a preliminary determination that a restatement of RIM's historical financial statements will be required. The Company does not currently anticipate a material adjustment to the preliminary second quarter operating results reported on September 28, 2006, the preliminary operating results for the third quarter of fiscal 2007 reported on December 21, 2006, or to current or future financial years' operating results as a result of the restatement. The Company expects to file with the Canadian securities regulators and furnish to the United States Securities and Exchange Commission (SEC) its consolidated financial statements and related MD&A for the second and third quarters of fiscal 2007 and its restated historical financial statements and related MD&A prior to its fiscal year end of March 3, 2007. There is no other material information concerning the affairs of the Company at this time that has not been generally disclosed.

    The Company has had communications with both staff of the OSC and staff of the SEC about its internal review. The Company intends to continue to cooperate with the OSC and SEC.

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    Re: RIM Provides Status Update

    Thanks for the update.
    Ladies and Gentleman we are floating in space....
    "God didn't do that, you did that you fat @#$%"

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    Re: RIM Provides Status Update

    ~via BB (wap.pinstack.com)~

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    Re: RIM Provides Status Update

    ditto..thanks
    Wendy
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