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

To: Arrow Hd. who wrote (5079)	4/28/1999 5:57:00 PM
From: David Harker	Read Replies (1) \| Respond to of 8218

>If any of this happens those who are on the thread and have >retired from IBM could shed some light on what it all means. This is widely rumored inside of IBM. (I work there). If/When it happens, I'm sure you'll be reading about it in the WSJ. Some rumors are already being discussed on the Yahoo IBM bboard. The wide range of rumors there pretty much matches the wide range of rumors here inside IBM. That's all I know, I'm not going to answer questions on this, I'm just a programmer... So please, no followup questions.

To: Arrow Hd. who wrote (5079)	4/28/1999 6:30:00 PM
From: Jim Koch	Read Replies (2) \| Respond to of 8218

Arrow, this is pretty much a done deal. IBM will convert their retirement plan to a cash basis plan like so many others have done. LVG alluded to this in the annual meeting. The only question is when and how. The formula I hear the most is posted on Yahoo! at: messages.yahoo.com The U.S. retirement plan is over funded by over $6 billion, so some of this will go back to the "coffers". All speculation, but heard too often to be without basis.

To: Arrow Hd. who wrote (5079)	5/1/1999 12:08:00 AM
From: Earthdog	Respond to of 8218

Arrow, The rumors I'm hearing are that IBM will cut out their current pension plan and offer buyouts to those with 15? - 20+ years of service. They no longer want to pay for a pension and medical benefits for those who retire when most companies no longer offer a pension. They already match a portion of the employees 401k plan. Just another way Ole Lou wants to save money for IBM to add to its bottom line. Alot of rumors going around but I'm almost certain the pension is history. It's just a matter of time now when that history is going to begin. Earthdog