Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5941
    +0.0004 (+0.07%)
     

  • NZD/EUR

    0.5547
    +0.0001 (+0.01%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    82.88
    +0.07 (+0.08%)
     

  • GOLD

    2,325.10
    -13.30 (-0.57%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,281.81
    +80.54 (+0.47%)
     

  • NIKKEI 225

    37,739.10
    -720.98 (-1.87%)
     

  • NZD/JPY

    92.3210
    +0.2060 (+0.22%)
     

Lenovo Can Find the Love It Deserves Back Home

Tim Culpan
Lenovo Can Find the Love It Deserves Back Home

By the end of today we should know whether Lenovo Group Ltd. took the long overdue step of writing down some of its $5.2 billion in goodwill. To recap: Lenovo went on a $5 billion spending spree four years ago to buy marquee names such as Motorola and IBM to boost its emerging smartphone and server businesses. Today, those units are constant losers (literally), ergo the premiums Lenovo paid for them – in the form of goodwill – ought to be written off.

Continue reading