RIM revealed that its share of the global smartphone market had dropped by half in the first quarter. As a result, sales were down a stunning 43% on the previous quarter — a loss per share of 28 cents.

How bad is that? Analysts, prepared by abstract warnings of bad news from CEO Thorston Heins, had been predicting dire outcomes, but few had gone higher than a 14 cent per share loss. The average was a 3-cent loss. (The company halted trading Wednesday afternoon, after shares had slid 18%.)
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