RIM writes off value of tablet inventory

Another tablet Firesale - for consumers there are better options available than the RIM PlayBook in the $200 tablet category. Like Santa's unwanted toys, RIM's tablet might be more attractive with a lower price - $99, wait maybe $49.99.

Amplify’d from www.google.com

Research In Motion Ltd., the struggling maker of the BlackBerry phones, is writing off much of its inventory of PlayBook tablets, since it has to sell them at a deep discount.

The Canadian company on Friday said it's taking a pre-tax charge of $485 million in the just-ended quarter to account for the declining value of the tablets. The model originally priced at $500 now costs $200. Read more at www.google.com

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