Intel 1999 Annual Report Download - page 40

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Available-for-sale securities with a fair value at the date of sale of $1 billion, $227 million and $153 million were sold in 1999, 1998 and 1997,
respectively. The gross realized gains on these sales totaled $883 million, $185 million and $106 million, respectively.
The amortized cost and estimated fair value of investments in debt securities at December 25, 1999, by contractual maturity, were as follows:
Page 21
-------- -------- -------- --------
Hedged equity 100 -- (2) 98
Marketable strategic equity securities 822 979 (44) 1,757
Preferred stock and other equity 140 1 -- 141
-------- -------- -------- --------
Total equity securities 1,062 980 (46) 1,996
-------- -------- -------- --------
Options creating synthetic
money market instruments 474 -- -- 474
Swaps hedging
investments in
debt securities -- 19 (52) (33)
Swaps hedging
investments in
equity securities -- 2 -- 2
Currency forward
contracts hedging
investments in
debt securities -- 2 (4) (2)
-------- -------- -------- --------
Total available-for-sale
investments 11,560 1,063 (136) 12,487
Less amounts classified
as cash equivalents (1,850) -- -- (1,850)
-------- -------- -------- --------
$ 9,710 $1,063 $(136) $10,637
======== ======== ======== ========
Estimated
fair
(In millions) Cost value
------------------------------------------------------------------------------------------------------------
Due in 1 year or less $11,031 $11,054
Due in 1-2 years 192 194
Due in 2-5 years 58 58
Due after 5 years 467 466
-------- --------
Total investments in debt securities $11,748 $11,772
======== ========