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Technology Stocks : IBM
IBM 288.49-0.5%Nov 19 3:59 PM EST

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To: DavesM who wrote (4147)10/26/1998 3:39:00 PM
From: Arrow Hd.  Read Replies (1) of 8218
 
True, there is a "profit sharing" tied to the employee's performance
plan. Based upon how the employee does against his/her plan, the
employess overall performance rating, their level and the performance
of the business unit they are in, there is a payment in March of
the following year and is somewhere between 5 and 15% of the
employee's pensionable earnings. This becomes earned income not
unearned which is how an exercised option would be declared. Either
way it is money and is a benefit along with stock purchase, 401K, the
regular pension plan and options if you get them. But IBM is retiring
a lot more stock than what is needed for employee purchase or option
exercise. Its most logical use would be for acquisitions which I dont
believe is a dead issue.
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