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August 4, 2015 02:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/BB-pk80Hzwk/behind-the-microsoft-write-off-of-nokia
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
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