You are right. The change in intangible asset due to capitalization of development expense is smaller than 1 mil. The majority of intangible increase was due to the acquisition.
Thanks for pointing it out. That puts my mind more at ease.
At $33 mil in intangible assets, a big write off can wipe off 5 years profit though. Lets just hope that the asset is solid.
anyone else found dec'11 report alarming?, page-3
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