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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
December 31, 2001
Amortized
Cost Basis
Aggregate
Fair Value
Due within one year $ 438,649 $ 445,428
Due after one year through 8 years 2,474,884 2,509,112
Total $2,913,533 $2,954,540
The following table summarizes EMC's strategic investments at December 31, 2002 and 2001 (table in thousands). The investments are classified
within intangible and other assets in the balance sheet.
December 31, 2002 December 31, 2001
Cost Market Cost Market
Strategic investments $ 12,656 $ 13,941 $ 14,543 $ 15,343
Gross unrealized gains on these investments were $1.3 million and $0.8 million at December 31, 2002 and 2001, respectively. Gross realized gains on
these investments were $0.8 million, $2.4 million and $0 in 2002, 2001 and 2000, respectively. Gross realized losses on these investments were $6.3 million,
$122.4 million, and $0 in 2002, 2001 and 2000, respectively, including other-than-temporary impairments. See Note C.
F. Inventories
Inventories consist of (table in thousands):
December 31,
2002
December 31,
2001
Purchased parts $ 9,560 $ 28,508
Work-in-process 347,395 396,304
Finished goods 80,850 159,173
$ 437,805 $ 583,985
G. Notes Receivable
Notes receivable are primarily from sales-type leases of EMC's products. The payment schedule for such notes at December 31, 2002 is as follows
(table in thousands):
2003 $ 98,681
2004 73,718
2005 59,138
2006 24
Face value 231,561
Less amounts representing interest (15,601)
Present value 215,960
Current portion 92,943
Long-term portion (included in intangible and other assets) $ 123,017
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