Our global subscriber base continued to grow this quarter to approximately 78 million, driven primarily by growth in international markets, which is partially offset by high churn in the United States, and our BBM user base has grown to approximately 56 million users globally.Global sales represent lower margins than in North America; however, the growth demonstrates the ability to execute in several large markets in the world. Expect RIM to report North America near 23% of RIM's revenue. Perhaps the most striking facet of RIM is how unloved the stock is on Wall Street; meanwhile sales continue to improve in India, Indonesia, and Latin America. Along with RIM, Google's Android, and Nokia are likely to find greater success in developing markets compared to Apple due to price points in the near future. RIM's stock price acted about as good as can be expected given the company earnings' update. Opening near the low of the day and a steady climb after is indicative of initial panic selling followed by value seekers. Given the high implied volatility, the real opportunity is in the options market. For a conservative long approach the July $8 strike put for 30 cents looks attractive. A more aggressive position includes selling the July $10 strike put for 88 cents. Personally I like the $10 strike put more because of the round number price pinning during expiration, and for the relative risk-vs.-reward ratio.