Wed July 22, 2015
MSFT wrote down 80% of its $9.4 B Nokia buy out. MSFT had to buy Nokia as its phone was the only one using a MSFT system. But Nokia is no powerhouse in the phone business anymore. When the carrying value of assets falls below the amount on the books, firms must write the asset down. The result is a loss at MSFT. Other earnings fell.
Professor Elam 
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