Research in Motion just delivered another ugly quarter sending the stock into a tailspin.
It's down 17% as investors take a look at these numbers:
EPS was $0.80 versus expectations of $0.88
Revenue was $4.2 billion versus estimates of $4.5 billion
It shipped 10.6 million BlackBerrys versus expectations of 11.9 million units
RIM shipped 200,000 PlayBooks versus expectations of 400,000-600,000
RIM's cash was wiped out: It went to $1.4 billion at the end of the quarter compared from $2.9 billion in the quarter before. It spent $780 million on the Nortel patents, and had $285 million in capital expenditures.
Q3 revenue outlook is $5.3-$5.6 billion which is above the street's expectation (via RBC) of $5.3 billion.
What can we say about this company that hasn't already been said? It's in serious trouble. It's delivering bad quarter after bad quarter. We'll be listening to the conference call to see how the executives explain what happened.

http://www.businessinsider.com/research-in-motion-earnings-2011-9

But they are still making crazy sales around the world, and their phones are very affordable. Am not a shareholder, amd only their phone user. So wotz my Biz