Allen-Vanguard Rescue Board Message Board

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Technology Stocks : Allen-Vanguard Rescue Board

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To: kidl who wrote (194)	9/20/2009 8:36:49 PM
From: tennessee_jed	1 Recommendation of 724

Total writedowns in 2008 were $380M, which occurred at Q4. In 2009, as kidl already documented, there were no writedowns in Q1, $6M in Q2 and $130M in Q3. Grand total of $516M since the acquisitions. So what happened in Q3 that caused such a severe writedown? Impairment tests done at March 31, 2009 resulted in a $6M writeoff, but 3 months later the writeoff is $130M? Does anyone remember if there was mention of potential issues with PPS in the Q2 conference call? (most of the $118M of intangibles written off in Q3 was related to PPS)

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