AMD 1996 Annual Report Download - page 231
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and Equity Securities." In accordance with provisions in that Special Report,
the Company chose to reclassify cash equivalents and short-term investments from
held-to-maturity to available-for-sale. At the date of the transfer, the
amortized cost of those securities was approximately $481 million. Since the
securities transferred on December 31, 1995 were short-term in nature, changes
in market interest rates did not have a significant impact on the fair value of
these securities. The net unrealized gains on these securities at December
29,1996 and December 31,1995 were immaterial.
25
Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997