Adaptec 2001 Annual Report Download - page 73

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73
NOTE 4. Debt Investments
The following tables summarize the Company’s investments in debt securities:
The total fair value of held-to-maturity investments at December 31, 2001 was $358.1 million,
with remaining maturities ranging from 1 month to 30 months. At December 31, 2000 the fair
value of held-to-maturity investments approximated cost.
The total fair value of available-for-sale investments at December 31, 2001 was $86.3 million
with remaining maturities ranging from 16 to 20 months.
NOTE 5. Other Investments and Assets
The components of other investments and assets are as follows:
At December 31, 2001, the Company held 2.3 million shares (2000 – 2.4 million shares) of Sierra
Wireless, Inc., of which 1.2 million shares were subject to resale restrictions and could not be
sold until May 2002. The Company has classified the shares as available-for-sale and has
reported the entire investment at the end of 2001 at fair value. At the end of 2000, 1.2 million
shares were restricted beyond one year. As a result, the investment at December 31, 2000
comprised 1.2 million shares recorded at cost and 1.2 million shares that were unrestricted and
December 31,
(in thousands) 2001 2000
Investment in Sierra Wireless Inc. 44,317$ 58,082$
Other investments in public companies 2,744 -
Investments in non-public companies 12,392 26,378
Deferred debt issue costs (Note 7) 7,167 -
Other assets (Note 16) 2,243 207
68,863$ 84,667$
(in thousands) 2001 2000
Held to maturity:
US Government Treasury and Agency notes 50,163$ -$
Corporate bonds and notes 307,352 173,993
357,515 173,993
Available-for-sale:
US Government Treasury and Agency notes 86,352 -
443,867$ 173,993$
Reported as:
Cash equivalents 14,233$ 55,075$
Short-term investments 258,609 118,918
Investments in bonds and notes 171,025 -
443,867$ 173,993$
December 31,