ADVS » Topics » Note 2-Cash Equivalents and Marketable Securities

These excerpts taken from the ADVS 10-K filed Mar 12, 2009.

Note 2—Cash Equivalents and Marketable Securities

        At December 31, 2008, cash and cash equivalents were primarily comprised of US government and treasury obligation money market mutual funds.

        At December 31, 2007, marketable securities, which were all included in cash equivalents, were summarized as follows (in thousands):

 
  Amortized
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Aggregate
Fair Value
 

U.S. government debt securities

  $ 37,289   $   $   $ 37,289  

        As of December 31, 2007, there were no unrealized losses associated with the Company's marketable securities.

        Advent's marketable securities are classified as available-for-sale. Management has the ability and intent, if necessary, to liquidate any of these investments in order to meet the Company's liquidity needs within the normal operating cycle. Accordingly, all marketable securities are classified as current assets.

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ADVENT SOFTWARE, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

        The following table summarizes gross realized gains and losses related to the Company's investments (in thousands):

 
  Fiscal Years  
 
  2008   2007   2006  

Gross realized gains

  $   $ 22   $ 239  

Gross realized losses

        (4 )   (458 )
               
 

Net realized gains (losses)

  $   $ 18   $ (219 )
               

Note 2—Cash Equivalents and Marketable Securities



        At December 31, 2008, cash and cash equivalents were primarily comprised of US government and treasury obligation money market
mutual funds.



        At
December 31, 2007, marketable securities, which were all included in cash equivalents, were summarized as follows (in thousands):


















































 
 Amortized

Cost
 Gross

Unrealized

Gains
 Gross

Unrealized

Losses
 Aggregate

Fair Value
 

U.S. government debt securities

 $37,289 $ $ $37,289 




        As
of December 31, 2007, there were no unrealized losses associated with the Company's marketable securities.



        Advent's
marketable securities are classified as available-for-sale. Management has the ability and intent, if necessary, to liquidate any of these investments in
order to meet the Company's liquidity needs within the normal operating cycle. Accordingly, all marketable securities are classified as current assets.



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ADVENT SOFTWARE, INC.



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)



        The following table summarizes gross realized gains and losses related to the Company's investments (in thousands):
































































































 
 Fiscal Years  
 
 2008  2007  2006  

Gross realized gains

 $ $22 $239 

Gross realized losses

    (4) (458)
        
 

Net realized gains (losses)

 $ $18 $(219)
        




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 12, 2009

"Note 2-Cash Equivalents and Marketable Securities" elsewhere:

CA (CA)
Pervasive Software (PVSW)
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