RIM Keeps Stiff Upper Lip Despite PlayBook Losses

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RIM announced on Friday that it would record a pre-tax provision in the third quarter of fiscal 2012 of about $485 million, or $360 million after tax. The provision is related to the high level of its BlackBerry PlayBook tablet inventory. The charge is expected to be mainly non-cash. Increased promotional activity is necessary to drive sell-through to end customers, the company said, due to recent shifts in the dynamics of the tablet market and the delay in the release of the PlayBook OS 2.0 software, which is set to arrive in February of 2012.

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