Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: Robert Scott Diver who wrote (7523)	3/11/2002 11:56:22 PM
From: Jacques Newey	Read Replies (1) \| Respond to of 8218

"IBM annual report discloses new earnings details" "The report showed how earnings from its pension plan boosted Armonk, N.Y.-based IBM's earnings by about $800 million in 2001" These "earnings" were not true operating earnings in my opinion. This is how you get "earnings" growth without corresponding revenue growth. “the company said it had changed its expected long-term return on U.S. retirement assets to 9.5 percent from 10.0 percent for 2002. That, along with other changes, would cut about $350 million from net retirement income for 2002.” biz.yahoo.com Taking a baby step in the right direction. But still need to go much further in my opinion. Stock price at risk as the tide heads out.