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To: MikeM54321 who wrote (36133)2/28/2000 4:48:00 PM
From: BWAC  Read Replies (1) | Respond to of 36349
 
I'll look at them. ADCT, as requested, sent me an investor packet in the mail. But the 10Q, 10K copies don't contain the footnotes, so I have to dig deeper.

The Efficient Networks investment was valued up on the books by $88 Million in July as an unrealized gain.

Offhand, they seem to be much better investors than Chuckie, Chuckie2, & Goldinger.



To: MikeM54321 who wrote (36133)2/28/2000 5:11:00 PM
From: BWAC  Read Replies (2) | Respond to of 36349
 
From Oct 31 Annual Report SEC files:

"

Short-term Investments: Short-term investments held by ADC and its subsidiaries are classified as available-for-sale securities under the provisions of Statement of Financial Accounting Standards ("SFAS") No. 115, "Accounting for Certain Investments in Debt and Equity Securities." Investments classified as available-for-sale are carried at market value with any unrealized holding gains and losses presented as a component of accumulated other comprehensive income within shareowners' investment."

Key word: Market Value