In Its 20X4 Annual Report to Shareholders, Honemark Corporation Included

In its 20X4 annual report to shareholders, Honemark Corporation included the following disclosures in its income statement and related footnotes:
CONSOLIDATED STATEMENTS OF INCOME Special Charges and Loss on Securities
During the fourth quarter of 20X4, the Company recorded special charges and loss on debt securities totaling $17.0 million, or $13.5 million after-tax. Special charges of $9.8 million, or $6.2 million after-tax, were associated with a salaried workforce reduction of approximately 250 employees. Cash expenditures for 20X4 related to this charge were $3.7 million. Loss on debt securities of $7.2 million resulted from the write-down of the remaining investment in bonds of an Internet-related company.
During the fourth quarter of 20X3, the Company recorded special charges and loss on debt securities totaling $57.5 million, or $36.5 million after-tax. Special charges of $39.9 million, or $25.3 million after-tax, were associated with terminated product initiatives, asset write-downs, and executive severance costs related to management changes. Loss on debt securities of $17.6 million, or $11.2 million after-tax, resulted from a lower market valuation of debt securities of TurboChief Technologies, Inc., and debt investments in bonds of Internet-related Companies ….. The loss on debt securities charge of $17.6 million was noncash.
Required:
Discuss the possible rationale behind the losses on securities reported by Maytag in 20X3 and 20X4.