IBM Message Board - Msg: 17201369

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Technology Stocks : IBM

IBM 305.75

+0.3%

Nov 14 3:59 PM EST

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To: j g cordes who wrote (7526)	3/15/2002 8:28:30 AM
From: j g cordes	Read Replies (1) of 8218

"IBM down on report of pension earns fall (IBM) By Tomi Kilgore Shares of IBM (IBM) traded down 71 cents at $105.89 in European trading. Big Blue's pension income is likely to decline in 2002 for the first time since pensions became an income item in 1996, according to the Wall Street Journal's "Heard on the Street" column. The decline could be the result of a cut in the actuarial rate of return to 9.5 percent from 10 percent, the report said, and could make it difficult for IBM to achieve its goal of growing earnings at the low double-digit percentage rate per year. "

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