Thursday, February 05, 2009

Asset Impairment Issues at Avnet

While the analysis is not yet complete, Avnet (AVT-$19.74) has concluded that it will record a significant non-cash goodwill and intangible asset impairment charge for the quarter ended December 27, 2008. Customer relationships might be the most vulnerable of Avnet’s intangible assets. The electronics wholesaler has relationships with over three hundred of the world’s leading electronic component and computer product manufacturers and software developers…. Read More….

Reporting by contributor Debra Fiakas, who does not hold a financial interest in any stocks mentioned in this article. The 10-Q Detective has a Full Disclosure Policy.

No comments: