Earnings Call Excerpt
Here’s the entire text of the Q&A from AsiaInfo Holdings’ (ticker: ASIA) Q3 2005 conference call. The prepared remarks are here. We recognize that this transcript may contain inaccuracies - if you find any, please post a comment below and we’ll incorporate your corrections. And please note: this conference call transcript is a Seeking Alpha product, so feel free to link to it but reproduction is not permitted without the explicit permission of Seeking Alpha.
Q&A
Operator
Operator Instructions Our first question will come from Chang Qiu.
Q - Chang Qiu
Yeah good morning Steve and Ying.
Yes, maybe can you give some detail on what the revenue run rate is for the diversity business?
A - Eileen Chu
Can you repeat the question?
Q - Chang Qiu
Yes, for the business that you just sold, what's the quarterly revenue run rate?
A - Steve Zhang
What's the revenue for the business we sold?
A - Eileen Chu
Oh, okay. For the HR and the intelligence revenues?
Q - Chang Qiu
Yes.
A - Eileen Chu
For this quarter the net revenue for them is less than $1 million.
Q - Chang Qiu
Yes.
A - Steve Zhang
I think going back to fourth quarter the average revenue per quarter is somewhere between half million to 1 million.
Q - Chang Qiu
Also, Eileen, can you give us some details? What's the composition for the impairment charge?
A - Eileen Chu
Okay, the impairment charge including the goodwill impairment charge and also the intangible assets we sold for the acquired businesses and also the net assets generated from these businesses during the past two years.
Q - Chang Qiu
Could we adjust for the human resources and BI business, or also some goodwill for other business?
A - Eileen Chu
No. The impairment, the annual impairment will apply to all of the acquisitions we did before including the telecom business we've acquired from Dokon and Bounsen and also acquired from the Pacific for the HR and the BI businesses and also for Lenovo IT Services we acquired from the Lenovo.
Q - Chang Qiu
Okay, so that's about it.
A - Eileen Chu
Including all the things and some of the businesses may not have the impairment charges because they have showed a very good business growth in the past year already and some of the newly acquired businesses probably will have some impairment charges because we are restructuring the business and disclosed some of them in order to focus our core business in line with our strategy.
- The prepared remarks from this call are here.
- A list of full conference call transcripts available on the Seeking Alpha Network.
- To read the full transcript on Seeking Alpha, click here »
