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What a report from Research in Motion (RIMM), one of the stocks on my Blue Chip Growth Buy List. Profits more than doubled year over year, well ahead of analyst's forecasts. All of Wall Street was worried that this powerhouse company would begin to show signs of slowing growth. Once again, Wall Street had it all wrong. The stock had been selling off on rumors that sales of smart phones and other wireless devices would slow down. Turns out, these phones are more popular than stock market analysts thought! The company added over 1.6 million new subscribers in the quarter. The Blackberry addiction continues and more importantly, it is spreading.

Sales to individual retail customers leapt in 2007 as the phone became a hit with individual users as well as traditional business customers. Co-Chairman of Research in Motion, James Ballisade, pointed this out to analysts in his conference call, saying that it was clear that the Blackberry had crossed over and found wide acceptance in the consumer market.

Verizon and Sprint both featured the Blackberry in their Holiday and general business advertising, and Black Friday, the mega-shopping day that kicked off the Christmas shopping season, was the company's biggest ever in terms of net subscriber additions.

What's even better, Research in Motion offered positive guidance on new subscribers in its fiscal fourth quarter, which really got the market analysts excited. That report should come out in April.

And there's more to come for this company. Many expect RIMM to introduce a touch screen Blackberry this year as well as several other new designs that should sell well. This new phone will feature the popular Wi-Fi and GPS features that should help make it yet another hit with consumers.

In addition to new models, international sales will also be a source of new customers and continued growth for Research in Motion in 2008. Over a third of its subscriber base is outside the United States right now and the company expects that percentage to grow in 2008. Demand is already strong in Europe and Latin America, and RIMM's got its sights set on China. In fact, RIMM already secured a partnership with China Mobile. Imagine the possibilities of entering China's billion-strong market–all of whom will want the latest in cell phone technology, of course!

We have owned RIMM in Blue Chip Growth since February 2007 and have tremendous gains–well over 100% so far–to show for it. The stock remains fundamentally strong and institutions are gobbling up shares. I think we will see a lot more growth and a lot more gains from the stock of this powerful company.

For my specific Buy Below price for RIMM, check out the current issue of <Blue Chip Growth at our subscriber-only website. (Not a subscriber? Try a six-month, 100% risk-free trial. RIMM is just one of the stocks helping us beat the market 3-to-1.)

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