SiliconBeat

Seagate Technology said Wednesday that it will have to take an impairment charge to write down the value of its goodwill, “largely as a result of the adverse impact of the current macroeconomic business environment on the Company’s long-term financial outlook,” according to a filing with the SEC.

In addition to the value of its goodwill — which is generally understood to represent “the value of a well-respected business name, good customer relations, high employee morale, and other such factors expected to translate into Read the rest of this entry »