Short and long - term investments consist primarily of auction rate securities in asset backed securities and corporate notes. (sec.gov)
These mostly AAA - rated auction rate securities, which met our investment guidelines at the time the investments were made, have failed to settle in auctions during fiscal 2007. (sec.gov)
In consideration of the settlements, securities regulators agreed to terminate their investigations into the marketing and sale of auction rate securities to individual investors. (nasaa.org)