IBM Message Board - Msg: 9324697

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Technology Stocks : IBM

IBM 290.44

+0.7%

3:59 PM EST

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To: Arrow Hd. who wrote (5090)	5/4/1999 11:25:00 PM
From: George W Daly, Jr.	Read Replies (4) of 8218

So I think the guy over at Yahoo left a few digits off the numbers. I just got done reading my mailing, unfortunately he did not leave off any zeroes. Yuck. Formula is 5% x number of years x the AVERAGE salary(plus Variable Pay) of last 5 years, roughly in my case then 80% of what I was making 2-3 years ago. And we get a whopping 5.5 % interest while IBM takes the money and invests it and does a heck of a lot better than that. Not to mention as far as I'm concerned they removed future medical retirement benefits too. Mailing makes special mention that medical is not vested and they can change it whenever,however they want. Even if you used the 60K in lump sum for IPO shares in AOL, EBAY, etc. and rotated into other IPOs you would have a hard time catching up. Looks like I'm gonna have to get a little more aggressive in my other investments to make up this shortfall? Anyone got any ideas/hot IPOs <G> GW

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