RIM's woes worsen

Shares plunge after hours in response to poor Q1 showing, revised full-year forecast

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The slowdown we saw in the first quarter is continuing
into Q2, and delays in new product introductions into the very late part of August is leading to a lower than expected outlook in the second quarter."

For the second quarter, RIM said it expects earnings of 75 cents to $1.05 a share on revenue in the range of $4.2 billion to $4.8 billion, and gross margin of 39%.

In a glimpse of what to expect on Friday, RIM shares plunged as low as 29.50 in extended trading Thursday, or 16.5 percent below the 35.33 price at the closing bell.

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