text: During 2001, the Company liquidated its holdings of Loral Space and Communications, LTD and ITC^DeltaCom, Inc. 
  for proceeds of $0.2 million and a realized loss of $1.4 million. Additionally, the Company sold 130,000 shares of 
  Illuminet Holdings, Inc. (Illuminet) for proceeds of $5.3 million and a realized gain of $5.0 million. In September 
  2001, Illuminet notified the Company that VeriSign, Inc. (VeriSign) made an offer to acquire Illuminet. The Company 
  received VeriSign stock valued at $13.2 million, for the Illuminet investment, and based on the fair value of the new 
  asset received, recorded a realized gain of $12.7 million in 2001 on the transaction through net gain on investments in 
  the other income (expense) section of the income statement. Subsequent to the close of the transaction, the VeriSign 
  stock declined in value and the Company recognized an impairment of $1.5 million, as management viewed the decline 
  to be other than temporary. 
  
  In 2002, the Company liquidated its holdings of VeriSign, Inc, for proceeds of $2.8 million and a realized loss of $9.0 
  million. The VeriSign stock was valued at $38 per share at December 31, 2001, and declined over the ensuing months 
  to approximately $6 per share in early July 2002. The Company liquidated all of its holdings in the stock early in the 
  third quarter 2002. The Company’s original investment in VeriSign’s predecessor companies was approximately $1.0 
  million. Total proceeds from all sales of stock in VeriSign and its predecessor companies were $8.1 million, or more 
  than eight times the original investment. 
  
  . 