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The company considers all investments with an original maturity of three months or less on their acquisition date to be cash equivalents. The company classifies investments with an original maturity of more than three months on their acquisition date as short-term marketable securities. The company's cash and cash equivalents and short-term marketable securities at October 28, 2000, and October 30, 1999, consisted of the following (cost approximates fair value):
October 28, 2000 October 30, 1999
Cash Short-term Cash Short-term
and Cash Marketable and Cash Marketable
(In Thousands) Equivalents Securities Equivalents Securities
Held-to-maturity securities:
Commercial paper $5,964 $ 25,339 $54,256
Municipal securities $ 5,521 38,151 996
Preferred securities 33,642 5,000
Taxable securities 3,702
Cash 95,125 87,476
Total $100,646 $5,964 $188,310 $60,252
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