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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
received the full par value of our original debt investments. We have the intent and ability to hold our debt investments that
have unrealized losses in accumulated other comprehensive income for a sufficient period of time to allow for recovery of the
principal amounts invested, which may occur at or near the maturity of those investments. The substantial majority of the
$43 million of unrealized losses for marketable equity securities was attributed to the fair value decline of our investment in
Micron. We believe that the unrealized losses in all of the above investments are temporary and that these losses do not
represent a need for an other-than-temporary impairment, based on our evaluation of available evidence as of December 27,
2008.
The amortized cost and fair value of available-for-sale investments as of December 27, 2008, by contractual maturity, were as
follows:
Instruments not due at a single maturity date include asset-backed securities and money market fund deposits.
Note 6: Equity Method and Cost Method Investments
Equity Method Investments
Equity method investments as of December 27, 2008 and December 29, 2007 were as follows:
Our equity method investments are classified in other long-term assets on the consolidated balance sheets. The carrying value
of our equity method investments, categorized as non-marketable and marketable equity method investments, as of
December 27, 2008 and December 29, 2007, were as follows:
76
(In Millions)
Cost
Fair Value
Due in 1 year or less
$
8,024
$
7,999
Due in 1
–
2 years
1,542
1,513
Due in 2
–
5 years
1,162
1,094
Due after 5 years
11
Instruments not due at a single maturity date
793
750
Total
$
11,532
$
11,366
2008
2007
Carrying
Ownership
Carrying
Ownership
(In Millions, Except Percentages)
Value
Percentage
Value
Percentage
IM Flash Technologies, LLC
$
1,742
%
$
2,224
49
%
IM Flash Singapore, LLP
329
%
146
49
%
Numonyx B.V.
484
%
—
—
%
Clearwire Communications, LLC
1
238
8
%
—
—
%
Old Clearwire Corporation
2
—
—
%
508
22
%
Other equity method investments
239
227
Total
$
3,032
$
3,105
1
Represents our interest in the Clearwire LLC holding company, as a percentage of the consolidated new Clearwire
Corporation.
2
Our pre-existing investment in the old Clearwire Corporation was converted into shares of the new Clearwire
Corporation and is recorded as a marketable equity security. For further discussion, see “Note 5: Available-for-Sale
Investments.
”
(In Millions)
2008
2007
Non
-
marketable equity method investments
$
3,032
$
2,597
Marketable equity method investment
—
508
Total
$
3,032
$
3,105