abschreiben? Beschluss erfolgt heute laut Financial Times,Aktie im Downtrend aber heute noch +1%, der einzige Put scheint 746029 zu sein ,irrer Spread
Vodafone's directors will on Tuesday discuss whether the mobile phone group should write down the value of the large acquisitions made during a buying spree that made it one of Europe's biggest companies.
The board is meeting to discuss Vodafone's annual results, which are due on May 28.
The company is likely to announce write-offs for some of its small, listed businesses. But there is speculation among analysts and investors that it may also make a much bigger write-down of goodwill, estimated at between £15bn and £25bn, resulting from its takeover of Mannesmann, the German industrial company for which it paid £113bn two years ago.
However, the company may continue to resist acknowledging impairment, on the grounds that the market underestimates the true value of the former Mannesmann operations and that the amount of goodwill is not inappropriate for the business as a whole.
Vodafone's market value of £73bn is much lower than the £153bn of fixed assets on its balance sheet as at last September, which included £103bn of intangible assets. These included goodwill and the purchase prices for third-generation mobile licences in Europe.
"I would not be the slightest bit bothered by a write-down," said Terry Sinclair, an analyst at Schroder Salomon Smith Barney.
Such an announcement would be the latest in a string of multi-billion dollar write-offs resulting from the overheated technology and telecoms merger and acquisition boom of two years ago.
Jean-Marie Messier, the embattled chairman of Vivendi Universal, faced criticism when the French media group announced a E15.7bn write-down.
If Sir Christopher Gent, Vodafone chief executive, resists a big write-down on Mannesmann, he will be following Ron Sommer, head of Deutsche Telekom, who has faced criticism for not writing down goodwill from Deutsche Telekom's purchase of VoiceStream, a US wireless company.
Vodafone's directors will on Tuesday discuss whether the mobile phone group should write down the value of the large acquisitions made during a buying spree that made it one of Europe's biggest companies.
The board is meeting to discuss Vodafone's annual results, which are due on May 28.
The company is likely to announce write-offs for some of its small, listed businesses. But there is speculation among analysts and investors that it may also make a much bigger write-down of goodwill, estimated at between £15bn and £25bn, resulting from its takeover of Mannesmann, the German industrial company for which it paid £113bn two years ago.
However, the company may continue to resist acknowledging impairment, on the grounds that the market underestimates the true value of the former Mannesmann operations and that the amount of goodwill is not inappropriate for the business as a whole.
Vodafone's market value of £73bn is much lower than the £153bn of fixed assets on its balance sheet as at last September, which included £103bn of intangible assets. These included goodwill and the purchase prices for third-generation mobile licences in Europe.
"I would not be the slightest bit bothered by a write-down," said Terry Sinclair, an analyst at Schroder Salomon Smith Barney.
Such an announcement would be the latest in a string of multi-billion dollar write-offs resulting from the overheated technology and telecoms merger and acquisition boom of two years ago.
Jean-Marie Messier, the embattled chairman of Vivendi Universal, faced criticism when the French media group announced a E15.7bn write-down.
If Sir Christopher Gent, Vodafone chief executive, resists a big write-down on Mannesmann, he will be following Ron Sommer, head of Deutsche Telekom, who has faced criticism for not writing down goodwill from Deutsche Telekom's purchase of VoiceStream, a US wireless company.
