Posted by : Randy Cooper in (CDN)

Internap Admits CDN Value Is ‘Impaired’

More bad news from Internap Network Services Corp. (Nasdaq: INAP): Just a few weeks ahead of its third-quarter earnings announcement, the company has written down the goodwill value of its content delivery business by nearly $100 million.

In an SEC filing last week, the company reported that the goodwill value of the content delivery network (CDN) unit was impaired, which has led Internap to take a $99.7 million charge against its third-quarter earnings. The write down brings the current goodwill value of the CDN assets to approximately $54.7 million.


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