Here's what IBM says:
sec.gov
PLANT, RENTAL MACHINES AND OTHER PROPERTY
(DOLLARS IN MILLIONS)
AT DECEMBER 31: 2000 1999
================================================================================
Land and land improvements $ 896 $ 1,026
Buildings and building improvements 9,904 10,395
Plant, laboratory and
office equipment 22,354 22,503
- --------------------------------------------------------------------------------
33,154 33,924
Less: Accumulated depreciation 18,857 19,268
- --------------------------------------------------------------------------------
14,297 14,656
Rental machines 5,301 5,692
Less: Accumulated depreciation 2,884 2,758
- --------------------------------------------------------------------------------
2,417 2,934
- --------------------------------------------------------------------------------
Total $16,714 $17,590
================================================================================
Now I would perhaps revalue the land to reflect a current price, but I don't think we get to approximately $150B.
Maybe you heard this eight or nine years ago, when IBM's market cap was about one eighth of its present value? |
