DiData takes a $1.9bn hit

Rash acquisitions cost reseller dear...

Dimension Data (DiData) has taken a $1.3bn goodwill write-off as a result of its ambitious acquisition programme. The company's total losses for the year, including a further goodwill amortisation charge of $602m, are $1.9bn. This compares to a $50.6m loss for 2000. DiData has spent $944m on acquisitions since its $1.2bn debut in the London Stock Exchange in July 2000. DiData is a reseller of networking equipment.