Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
August 4, 2015 02:00 pm

Behind the Microsoft Write-Off of Nokia

UnknowingFool writes: Previously Microsoft had announced that they had written off the Nokia purchase for $7.6B in the last quarter. In doing so, Microsoft would create only the third unprofitable quarter in the company's history. Released on July 31, new financial documents detail some of the reasoning and financials behind this decision. At the core of the problem was that the Phone Hardware business was only worth $116M, after adjusting for costs and market factors. One of those factors was poor sales of Nokia handhelds in 2015. Financially it made more sense to write it all off.

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/BB-pk80Hzwk/behind-the-microsoft-write-off-of-nokia

Share this article:    Share on Facebook
View Full Article

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot