As RIM reported earnings yesterday, shares of the Blackberry maker dropped by 7 percent in after hours trading. The revenue report said RIM missed expectations. The report also said the U.S. Secrities and Excange Commission's inquiry into stock-option grants has been upgraded from an informal inquiry into a formal investigation. That cannot be good news for RIM.

The good news is that RIM saw a 66% rise in sales and added over one million new subscribers.