Cullinet Software Inc, Westwood, Massachusetts, will be taking a pre-tax charge of about $13.7m with its third quarter figures to the end of last month. The charge will reflect adjustment of the basis of certain purchased software assets and the writedown of some notes and accounts receivable. The bought-in software adjustment relates to revaluation of mainframe application software assets, all acquired from third parties – the company is not writing down anything developed in-house. The software is for IBM mainframes, and reflects in part Cullinet’s rapid diversification into the DEC software world. The adjustment to receivables reflects a change in the agreements with some of its international resellers. Cullinet still looks to return to profits in the fourth quarter to May.