VOICE-OVER

SHARES OF BLACKBERRY MAKER RESEARCH IN MOTION TUMBLED FRIDAY AS THE SMARTPHONE MAKER POSTED DISAPPOINTING SALES FIGURES AND LARGE SUBSCRIBER LOSSES.

SOUNDBITE (English) James Moorman, S&P Capital IQ equities analyst

"They lost 4 million subscribers. That is what really disturbs me."

RIM SAID IT SOLD 6.8 MILLION PHONES OVERALL VERSUS 7.8 MILLION LAST YEAR. ONLY 2.7 MILLION OF THE DEVICES SOLD IN THE QUARTER WERE IT'S MAKE-OR-BREAK BLACKBERRY 10 MODELS.

THE BLACKBERRY Z10, A TOUCHSCREEN MODEL AND THE Q10, WHICH SPORTS A KEYBOARD, HAVE RECEIVED POSITIVE REVIEWS, BUT GETTING THEM TO MARKET IN THE U.S. HAS BEEN DIFFICULT.

SOUNDBITE (English) James Moorman, S&P Capital IQ equities analyst

"There have been a lot of problems with vision. One of the problems that they've had is that they are so late in getting the BlackBerry and platform out."

INVESTORS BOLTED FOR THE DOORS. SHARES PLUNGED NEARLY 30 PERCENT DURING THE SESSION, ENDING DOWN $4.02 AT $10.46. MOORMAN SEES FURTHER PRESSUE ON THE STOCK AS THE COMPANY CONTINUES TO STRUGGLE.

SOUNDBITE (English) James Moorman, S&P Capital IQ equities analyst

"I have a $9.50 target price which is based on a sum of the parts analysis. I lowered it $2.50."

RESEARCH IN MOTION ANTICIPATES IT WILL GENERATE AN OPERATING LOSS IN THE SECOND QUARTER, TOO.

JULIE WALKER, ASSOCIATED PRESS

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