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Rash acquisitions cost reseller dear...
By Aled Herbert
Published: 22 November 2001 08:15 GMT
Dimension Data (DiData) has taken a $1.3bn goodwill write-off as a result of its ambitious acquisition programme.
The company's total losses for the year, including a further goodwill amortisation charge of $602m, are $1.9bn. This compares to a $50.6m loss for 2000.
DiData has spent $944m on acquisitions since its $1.2bn debut in the London Stock Exchange in July 2000.
DiData is a reseller of networking equipment.
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