BlackBerry maker cuts forecasts, will trim workforce, promises speedier product releases

WATERLOO – Viewed in a vacuum, first quarter results from Research In Motion don’t look too bad.Revenue in the first quarter of fiscal 2012 grew 16% over the same quarter last year, international revenue grew 67% year over year, gross margin in the quarter was approximately 44%, slightly higher than expected and the company shipped 500,000 BlackBerry PlayBook tablets.But there are no vacuums in the wireless world.Revenue for the first quarter of fiscal 2012 was $4.9 billion, down 12% from $5.6 billion in the previous quarter. During the quarter, RIM shipped approximately 13.2 million BlackBerry handheld devices and approximately 500,000...