RIM Shares Plummet After Latest Dose Of Bad News
RIM shares nosedived nearly 23 percent last Friday, as shareholders got freaked out by the possibility that the handset maker would see less revenue in the future from service fees it charges customers and service providers to access its network. RIM did beat third-quarter expectations despite seeing revenue drop 47 percent during the period. And the company says BlackBerry 10 will be the launching pad for its comeback. That prediction may turn out to be accurate, but clearly shareholders are more than a bit skittish these days.