HP GOOWILL WRITEDOWN SOFTWARE
The company's shares were up $0.46 on the news to $19.42 in late trading, indicating some approval from investors for HP's moves and the adjusted third-quarter forecast, but the stock is still well down from past highs.Ĭhris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Insight into the variables used to manage the goodwill impairment test under IAS 36. HP also said that it would incur a higher than expected charge in the third quarter related to a staff reduction plan announced earlier this year, due in part to "a higher than anticipated acceptance rate under its early retirement program." The company is anticipating a pre-tax charge of between $1.5 billion and $1.7 billion, up from the initial $1 billion estimate.Īlso Wednesday, HP said third-quarter earnings are expected to come in at about $1 per share, an increase from its previous forecast of $0.94 to $0.97, if calculated under non-GAAP (generally accepted accounting principles) with those one-time charges set aside. This is a Bibliography related to Goodwill. In the case of HPs acquisition of Autonomy, given the charge announced in.
His role will center on "increasing customer satisfaction and improving service delivery efficiency." HP said it now expects third-quarter earnings, excluding one-time items, of about 1.00 per share, compared with analysts’ average estimate of 97 cents. The companys sizable net loss included a noncash goodwill impairment charge. The company’s shares were up $0.46 on the news to $19.42 in late trading, indicating some approval from investors for HP’s moves and the adjusted third-quarter forecast, but the stock is still well down from past highs.Jean-Jacques Charhon, formerly senior vice president and chief financial officer of the services group, has been appointed chief operating officer for the division, HP announced. computer giant Hewlett-Packard (HP) announced that it would be taking an 8. HP also said that it would incur a higher than expected charge in the third quarter related to a staff reduction plan announced earlier this year, due in part to "a higher than anticipated acceptance rate under its early retirement programme." The company is anticipating a pre-tax charge of between $1.5 billion and $1.7 billion, up from the initial $1 billion estimate.Īlso Wednesday, HP said third-quarter earnings are expected to come in at about $1 per share, an increase from its previous forecast of $0.94 to $0.97, if calculated under non-GAAP (generally accepted accounting principles) with those one-time charges set aside. This goodwill type typically results Is there a tax deduction for donations.
His role will center on "increasing customer satisfaction and improving service delivery efficiency". HP’s overvaluation is, likely, the result of a. In the best of circumstances, valuation is an incredibly murky process.
HP GOOWILL WRITEDOWN FREE
Jean-Jacques Charhon, formerly senior vice president and chief financial officer of the services group, has been appointed chief operating officer for the division, HP announced. Free Essay: Goodwill Impairment and Fair Value Measurement: Hewlett-Packards Acquisition of Autonomy Abstract In todays business environment, mergers and. HP’s failure to properly value Autonomy is evidenced in their write down of 80 percent 9 of Autonomy’s value just 14 months after the acquisition, as well as the subsequent divestiture of Autonomy four years later. Aug 8, 2012, 10:04 AM AP HP unleashed a raft of news this morning, but the headliner of the bunch is that it's taking an 8 billion write down, due to a goodwill impairment on its 13.9 billion EDS. Vistenin was appointed services head during the tenure of former HP CEO Leo Apotheker, who had a short, rocky run at the company and was replaced with Whitman in September 2011.
HP GOOWILL WRITEDOWN PC
HP’s loss also reflected a 10 percent decline in PC revenue, with desktop units down 6 percent and notebook units down 12 percent. He will report to CEO Meg Whitman.Įnterprise Services chief John Vistenin is leaving HP "to pursue other interests," the company said. The news did not come as a complete shock to the market earlier this month, HP announced it would be taking an 8 billion goodwill charge, or write-down, related to its purchase of EDS years ago. Back in November 2012, when it released its fourth-quarter results, computer giant Hewlett-Packard (HP) announced that it. In the same announcement Wednesday, HP said that Mike Nefkens, senior vice president and general manager of Enterprise Services EMEA, will serve as acting head of the whole division. Downloadable (with restrictions) This paper examines the determinants of reported goodwill impairment losses by Malaysian listed companies from 2006 to. When Goodwill Goes Bad Let's consider an example from the past decade.