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RIM Takes a Tumble Following Mixed Tablet Reviews

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After two generations of iPad scored big with the public, you need to have a tremendous product in order to succeed in the tablet market.

Although halfway decent, the BlackBerry PlayBook is not one of these products.

With wholly mixed reviews -- some rated it on par with the flawed Motorola Xoom -- the PlayBook was deemed fine but unfinished. Bloomerg's Rich Jaroslovsky appreciated the design and video capabilities, but Gizmodo's Matt Buchanan maligned the device's slow feedback and overall lack of apps.

For a tablet Research in Motion hoped could stack up against the iPad, well, this probably won't be it. As such, RIM stocks took a tumble and fell to lows not seen since October -- currently hovering around $53.17.

Singling out the poor reviews, analyst Shaw Wu told Bloomberg, "We have been hearing about the same concerns from both the technology and investment communities." Wu added that the PlayBook's appeal, unlike the IPad, "may be limited."

(See also: Research in Motion CEO Admits to Being Clueless and Things Aren't Looking Good for Research in Motion)

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POSITION:  No positions in stocks mentioned.