RIM misses target
More bad news from Research In Motion on Friday.
The company says it expects to miss its full-year financial targets.
The smartphone-maker says it will book a big pre-tax charge of about $485 million on its books in the third-quarter, because of poor tablet sales.
That reflects the lower value of the unsold inventory of its BlackBerry Playbook tablets.
RIM says it will need to heavily promote and discount the tablet in the face of stiff competition.
