The market, thus far, doesn't seem to care much....
- Fourth-Quarter Net Loss of $1.2 Billion, or $0.16 per Diluted Share, Includes Goodwill Impairment Charge of $2.0 Billion
- Excluding Goodwill Impairment Charge, Fourth-Quarter Net Income Was $756 Million, or $0.04 per Diluted Share1
- 2010 Net Loss of $2.2 Billion, or $0.37 per Diluted Share, Includes Goodwill Impairment Charges of $12.4 Billion
- Excluding Goodwill Impairment Charges, 2010 Net Income Was $10.2 Billion, or $0.86 per Diluted Share1
Ya, ok. Goodwill impairment charges eh? You mean writing off worthless "goodwill" - one of the best scams out there in the accounting world, by the way - the "value" you pay in excess of actual value, otherwise known as "speculative premium" or "that other bastard got us to overpay for that acquisition" (but never called that) is being written down pretty aggressively.
See this Amp at http://bit.ly/fdMyMM
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