Dr.Vita said: "Accordingly, the company concluded that an impairment adjustment of its Phone Hardware segment assets and goodwill of approximately $7.6 billion is required." "does not mean that Microsoft will lose $7.6 (b)illion from its balance sheet, a spokesman said." |
The second quote there is completely wrong btw. An impairment charge means you are writing off goodwill. Being that goodwill is a balance sheet account, this will most definitely reduce Microsoft's balance sheet by $7.6 billion.
Money can't buy happiness. Just video games, which make me happy.