Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (207916)	12/4/2002 6:07:49 PM
From: yard_man	Read Replies (1) of 436258

speaking of whores ... <g> S&P comments on IBM Corp. ratings Wednesday December 4, 5:36 pm ET (The following press release was provided by the rating agency) NEW YORK, Dec 4 - International Business Machines Corp. (A+/Stable/A-1) recently announced that it will contribute as much as $3 billion in cash and common stock to its U.S. pension plan by year-end 2002. Approximately half of the contribution is expected to be composed of common stock. Standard & Poor's Ratings Services does not expect the additional pension funding to have an impact on IBM's ratings in light of the company's strong cash flow from operations, which averaged $11 billion annually over the past three years, and the discretionary nature of its share-repurchase program. Current ratings continue to reflect Standard & Poor's expectation that IBM will maintain a strong financial profile and ample financial flexibility.

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