Add E-Trade Group to list of institutional investors in Messagemedia
10-K sec.gov
yahoo.cnet.com.
Publicly-traded Equity Securities
The Company has investments in several companies that are publicly traded. These companies include Knight/Trimark Inc., CriticalPath, Digital Island, Message Media, E-LOAN and Versus. During fiscal 1999, the Company sold shares of Knight/Trimark and CriticalPath generating proceeds of $50,870,000, resulting in a pre-tax gain of $49,957,000. The Company accounts for these investments as long-term marketable equity securities held available-for-sale under the provisions of SFAS No. 115, Accounting for Certain Investments in Debt and Equity Securities. Accordingly, these investments are carried at fair value. Unrealized gains were $282,255,000 and $20,845,000 at September 30, 1999 and 1998, respectively. There were no unrealized losses at September 30, 1999 or 1998. Certain of these investments are currently subject to sale restriction agreements.
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