This excerpt taken from the SAI 10-Q filed Sep 4, 2008.
Other Income (Expense), Net. The components of other income (expense), net for the periods noted were as follows:
There were no impairment losses on investments for the three and six months ended July 31, 2008. We recorded impairment losses on investments of $5 million for the three and six months ended July 31, 2007. The carrying value of our cost and equity method investments as of July 31, 2008 was $49 million.
This excerpt taken from the SAI 10-K filed Apr 12, 2007.
Note 12Other Income (Expense), Net:
The components of other income (expense), net were as follows:
The impairment losses in fiscal 2007, 2006 and 2005 were due to declines in fair value of the Companys private equity securities that were deemed to be other-than-temporary. The carrying value of the Companys cost and equity method investments as of January 31, 2007 was $56 million (Note 4).
The gross realized losses on the sale of marketable securities in fiscal 2006 were primarily due to the liquidation of fixed rate securities prior to their stated maturity date. The market value of the securities had been negatively impacted by rising interest rates.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued)