Quarterly report pursuant to Section 13 or 15(d)

Investments in Affiliates

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Investments in Affiliates
3 Months Ended
Apr. 30, 2013
Investments, All Other Investments [Abstract]  
Cost-method Investments, Description [Text Block]

6. Investments in Affiliates

 

Our investments in affiliates include investments accounted for under the cost method and the equity method of accounting as follows:

 

    April 30,     January 31,  
    2013     2013  
    (Amounts in thousands)  
Minerva   $ -     $ 1,000  
Visible World     551       551  
Other investments     1,336       1,400  
Total investments in affiliates   $ 1,887     $ 2,951  

 

Minerva Networks, Inc.

 

On April 30, 2013, we sold our entire equity investment in Minerva Networks, Inc. (“Minerva”) for $0.9 million in cash, which we received on May 9, 2013 and realized a pre-tax loss of $0.1 million related to the sale which we recorded in (loss) gain on sale of investment in affiliates in our consolidated statements of operations and comprehensive loss for the first quarter of fiscal 2014.