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Microsoft hints at impending write-off of Nokia acquisition | |
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| Time: 10:51 EST/15:51 GMT | News Source: ActiveWin.com | Posted By: Byron Hinson | ||
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Microsoft has signaled that it may take a massive write-off of its Nokia acquisition, perhaps as early as July. In the 10-Q document filed with the US Securities and Exchange Commission (SEC) last week, Microsoft said that its Phone Hardware division, which is based largely on the Nokia assets acquired last year for approximately $7.9 billion, lost money in the March quarter. With revenue at $1.4 billion for the period, Microsoft said, cost of revenue exceeded sales by $4 million, meaning the company lost about 12 cents – even before marketing, R&D and other expenses were factored in – on each phone sold. | ||
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