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

To: Arrow Hd. who wrote (5090)	4/29/1999 6:09:00 PM
From: David Harker	Read Replies (2) \| Respond to of 8218

I agree. The plan as posted on Yahoo is pitiful, and I think the post must leave out crucial details, or is just plain incorrect. My manager told us (his dept) that the new plan is better for young employees than the old plan. If that is true, than the yahoo post is definately wrong. I hope he's right, I've only been here 9 years...

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