Research In Motion Ltd. still sees multiple growth opportunities for its BlackBerry business in its North American base and abroad, despite the NTP Inc. patent dispute, RIM’s chief financial officer said Friday. The Waterloo, Ontario-based company faces a Feb. 24 court hearing in Richmond, Va. A federal district court judge will weigh NTP’s arguments for an injunction on the BlackBerry service in the United States.
“We’re in a situation now where you have to play it out and fortunately we have very strong contingency plans,” RIM chief financial officer Dennis Kavelman said at a CIBC World Markets conference. RIM has said it has a software workaround that would avoid the patent issues at the heart of NTP’s case.
RIM, which has grown by leaps and bounds in recent years on the strength of its BlackBerry handsets and its wireless e-mail service, is confident it can not only keep operating in the United States but also find new growth opportunities there and abroad, Kavelman said.
“If you look forward, I don’t think anybody’s expecting the scale of our business or the opportunities to slow down that much,” he said.
RIM doesn’t think its core market in North America, corporate IT departments, is “anywhere near saturated,” Kavelman said. He noted the company has done little to reach retail business and private customers.
“So there are a lot of different places to go in our home market,” Kavelman said.