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This excerpt taken from the MSTR 10-Q filed Aug 9, 2005. Interest Rate Risk
Our exposure to risk for changes in interest rates relates primarily to our cash equivalents and short-term investments. We generally invest our excess cash in highly-rated, short-term, fixed rate financial instruments. These fixed rate investments are subject to interest rate risk and may fall in value if interest rates increase.
As of June 30, 2005, we held no material debt or equity securities that would expose us to interest rate risk. During the six months ended June 30, 2005, we held investments in U.S. Treasury securities with maturities greater than three months. During the second quarter of 2005, we sold these investments and realized an immaterial net loss.
This excerpt taken from the MSTR 10-Q filed May 10, 2005. Interest Rate Risk
Our exposure to market risk for changes in interest rates relates primarily to our cash equivalents and short-term investments. We invest our excess cash in short-term, fixed income financial instruments. These fixed rate investments are subject to interest rate risk and may fall in value if market interest rates increase. If market interest rates were to increase immediately and uniformly by 10% from the levels at March 31, 2005, the fair market value of our short-term and long-term investments would not decline by a material amount. We have the ability to hold our fixed income investments until maturity and, therefore, we do not expect our operating results or cash flows to be materially affected by a sudden change in market interest rates on our investment portfolio.
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Table of ContentsThis excerpt taken from the MSTR 10-K filed Mar 16, 2005. Interest Rate Risk
Our exposure to market risk for changes in interest rates relates primarily to our cash equivalents and short-term investments. We invest our excess cash in short-term, fixed income financial instruments. These fixed rate investments are subject to interest rate risk and may fall in value if market interest rates increase. If market interest rates were to increase immediately and uniformly by 10% from the levels at December 31, 2004, the fair market value of the portfolio would decline by an immaterial amount. We have the ability to hold our fixed income investments until maturity and, therefore, we do not expect our operating results or cash flows to be materially affected by a sudden change in market interest rates on our investment portfolio.
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