From AllThingsD:

With its shares trading at a near 9-year low amid increasing skepticism over its prospects for a turnaround, expectations for RIM’s first fiscal quarter are decidedly low. As Jefferies analyst Peter Misek told AllThingsD, “It’s going to be terrible with a scoop of worse for August.”

The quote from Wedge analyst Brian Blair nails it:

RIM finds itself in such a situation with an aging product line and nothing that appears able to change its fate in the pipeline.

When you lack vision for the last 5-years—no doubt in part to their once dueling co-CEOs—it becomes obvious you are only digging your own grave. I feel for the employees who are uncertain about their jobs. They have only management to thank for that.