Earthlink 2008 Annual Report Download - page 59
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Table of Contents
Equity Risk
We are exposed to equity price risk as it relates to changes in the market value of our equity investments. We invest in equity instruments of
public and private companies for operational and strategic purposes. These securities are subject to significant fluctuations in fair market value
due to volatility of the stock market and the industries in which the companies operate. We typically do not attempt to reduce or eliminate our
market exposure in these equity instruments.
The following table presents the carrying value and fair value of our financial instruments subject to equity risk as of December 31, 2007
and 2008:
55
As of December 31, 2007
As of December 31, 2008
Carrying
Amount
Estimated
Fair
Value
Carrying
Amount
Estimated
Fair
Value
(dollars in thousands)
Investments in other companies for which it is:
Practicable to estimate fair value
$
52,923
$
52,923
$
1,580
$
1,580
Not practicable to estimate fair value
10,000
N/A
9,300
N/A