Goodwill Accounting

Back in April, I outlined Yahoo's "goodwill" account to highlight how they were overpaying for acquisitions - other technology companies developing products that should have been developed in-house at Yahoo!.

Today, I say this link on Twitter which provides a list of companies whose "Goodwill" accounts exceed their current market capitalization. Most of the companies appears to by in the Consumer or Communications industry. Not sure what the implications are, but interesting nonetheless.