CTUSA - RIM shares drop as sales and profit plunge

RIM (RIMM)'s shares fell 20% in morning trading Friday, a day after the company announced grim second-quarter results that fell far short of Wall Street's sales and earnings forecasts. RIM shipped 10.6 million BlackBerry smartphones to retailers last quarter, below the 11 million to 12.5 million it had expected to ship. Its entry in the tablet wars, the BlackBerry PlayBook, shipped just 200,000 units -- a significant drop-off from the 500,000 RIM shipped in the prior quarter. YOUR THOUGHTS?

http://money.cnn.com/2011/09/16/technology/rimm_earnings/index.htm?hpt=hp_t2