SHOCK: Shares of Modern Day Rotary Phone Maker, RIMM, Crushed After Posting Bad Results

Research In Motion on conf. call said early results are strong for the BlackBerry 7 launch. Co said in North America, Blackberry 7 smart phones have an excellent reputation and, in the last few weeks, have driven a meaningful increase in sell-through in the last few weeks of the quarter and so far in Sept. Outside of North America, BlackBerry 7 sell-through rose almost 50% in the first two weeks of its Q3, largely due to its Bold 9000. The co’s BlackBerry 7 devices just began to rollout in Latin America with one MAC carrier. Co expects BlackBerry unit growth to help contribute to improved Q3 and Q4 earnings. Co has a number of upcoming programs in place to drive sell-through in PlayBook. Overall, BlackBerry 7 launches are going very well.