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Edition: U.S. Article Comments (0) Follow Reuters Analyst Research Report Title Price ValuEngine Detailed Valuation Report for NOK Provider: ValuEngine, Inc. $25.0 Buy NOKIA OYJ CP (NOK=US) 2-weeks forecast Provider: Pechala's Reports $10.0 Buy RESEARCH IN MOTION LTD (RIMM=US) 2-weeks forecast Provider: Pechala's Reports $10.0 Buy NOKIA OYJ CP (NOK=US) 12-months forecast Provider: Pechala's Reports $15.0 Buy RESEARCH IN MOTION LTD (RIMM=US) 12-months forecast Provider: Pechala's Reports $15.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. RIM's outlook disappoints, shares tumble Tweet Share this By Alastair Sharp TORONTO (Reuters) - Blackberry maker Research In Motion on Thursday warned its earnings would slip as it spends heavily on the launch of its PlayBook tablet, sending its shares tumbling as much as 12 percent. While the Canadian... Email Print Related News Instant view: RIM issues weak outlook, shares tumble Thu, Mar 24 2011 Analysis & Opinion Tech wrap: Ripe BlackBerry not sweet enough The $41 million mobile app – or the Web bubble debate, now in full color! Related Topics Technology » Media » iPad » Stocks A man speaks on a BlackBerry mobile phone inside a shop in Kolkata January 31, 2011. Credit: Reuters/Rupak De Chowdhuri By Alastair Sharp TORONTO | Thu Mar 24, 2011 9:52pm EDT TORONTO (Reuters) - Blackberry maker Research In Motion on Thursday warned its earnings would slip as it spends heavily on the launch of its PlayBook tablet, sending its shares tumbling as much as 12 percent. While the Canadian technology company's net profit in the quarter ended in February jumped 32 percent, and it shipped a solid number of its BlackBerry smartphones, investor attention zoomed in on its less-than-rosy forecasts for the current quarter. "The February quarter was fine. The May quarter guidance -- shocking might be too strong a word -- but it was very weak," said Matthew Thornton, an analyst at Avian Securities. RIM projected earnings of between $1.47 and $1.55 per share in the current quarter -- well below the $1.65 analysts had forecast. RIM said its profit margins will take a hit as it spends heavily to overhaul its operating system and introduce its tablet in a burgeoning market created by Apple's iPad. The PlayBook is due in North American stores on April 19. RIM also said it gave a wider guidance range due to potential disruption to its supply chain in the aftermath of the Japanese earthquake this month. It said it had inventory on hand but delivery times for more supplies are uncertain. RIM co-chief Jim Balsillie portrayed the near-term outlook as an anomaly needed to lay the groundwork for a resurgence. "We believe the launch of new handsets beginning in Q2 and into the second half of the year, as well as the positive halo from the PlayBook launch, (will provide) an opportunity for improved growth in North America," he told a conference call. RIM aims to shift the QNX-powered platform of its PlayBook on to its BlackBerry smartphones by early in 2012, he said. Some figure the task is too great. "What people are worried here is you've got one company, albeit a really good company, but they're trying to take on all the OS development, all the ecosystem development, work with the developers on apps, build the hardware, work with the carriers. ... Any one company that tries to do this by themselves will probably lose," said Ed Snyder, an analyst from Charter Equity. DIFFICULTY IN U.S. MARKET In the meantime, RIM is finding it increasingly difficult to impress consumers with its smartphones, particularly in the U.S. market. There the BlackBerry is steadily losing market share to snazzier competitors including the iPhone and Android devices. But it is nurturing solid growth in global markets, where customers and carriers are impressed with its mid-range devices, cheaper data plans and applications such as BlackBerry Messenger, a free instant messaging service. More than half its sales came from outside North America and Britain in the latest quarter, the company said. 1 2 Next Technology Media iPad Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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