Re: Borland share drop 24.9%

"Cody P. Skidmore" wrote:
"I.P. Nichols" wrote:

Borland announced it's preliminary financial results.
http://biz.yahoo.com/bw/080228/20080228005197.html?.v=1
Borland Reports Fourth Quarter and Year End 2007 Financial Results

[QUOTE]
GAAP net loss included an impairment charge of $26.5 million in CodeGear goodwill
[/QUOTE]

Anyone know what that means?

"Impairment charge" is the new term for writing off worthless goodwill.

Companies are to assess goodwill for impairment at least annually.

First learn what the accounting term goodwill means:
http://www.investopedia.com/terms/g/goodwill.asp
Then read this:
http://www.investopedia.com/articles/analyst/110502.asp
.