Friday, February 6, 2009

Got Goodwill? Part 12: A Few More Billion

The latest announced goodwill impairments (limited to those over $100 million):

Marathon Oil $1.4 billion impairment of goodwill related to the oil sands mining segment.

Cadence Design Systems Inc (
CDNS.O) impairment charge of $1.36 billion, impairment charge, related to its goodwill, intangible and fixed assets, was driven by weak economic conditions and a fall in its market capitalization

JDS Uniphase $692 million

Canfor Corporation (TSX: CFP) $100 million impairment charge. Majority of the charge relates to the Company's non-core panels business, specifically the PolarBoard and Tackama operations which were indefinitely idled during 2008. The impairment charge also includes a further $10 million write-down in the fair value of its investments in asset-backed commercial paper

RF Micro Devices$673 million
Dick's Sporting Goods about $165-$180 million
Weyerhaeuser $827 million
Powerwave Technologies, Inc. (Nasdaq:PWAV), $315 million
Domtar $591 million
ON Semiconductor $557 million
MPS $303 million
Belden $461 million
Benchmark Electronics $247 million

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