Lenovo Group Ltd. just reported March quarter profit that climbed threefold to beat the highest analyst estimate. Since Lenovo last reported earnings, tariffs have become a secondary concern to the broader tech Cold War initiated by U.S. President Donald Trump. Lenovo continues to hold more than $4.9 billion of goodwill on its books, trimming that figure by just 2.9% last year. Goodwill is a measure of the premium a company pays over a target’s tangible assets when it makes an acquisition. The drawing of a digital Iron Curtain between the U.S. and Chinese technology spheres now makes that valuation little more than wishful thinking.

Source: Washington Post May 23, 2019 06:56 UTC