CDW 2003 Annual Report Download - page 38

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25
Company’s filings with the Securities and Exchange Commission. Such risks and uncertainties may have a
significant impact on the Company’s business, operating results or financial condition. Investors are cautioned
that these forward-looking statements are inherently uncertain. Should one or more of the risks or
uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may
vary materially from those described herein.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
The Company’s investments in marketable securities as of December 31, 2003 all mature before December
31, 2005 and are concentrated in U.S. Government and Government agency securities, municipal bonds and
corporate fixed income securities. As such, the risk of significant changes in the value of these securities as a
result of a change in market interest rates is minimal.