HP last year also took an $8 billion writedown on EDS for "impairment of goodwill" associated with it. In financial circles, "goodwill" refers to intangible assets such as a well-known brand name, which are used to help estimate a company's total value.
"As for EDS, it's sad that a once-great company has fallen so low," Monash said. "The EDS mystique seems wholly gone."
Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com