Dec 2005 – Dec 2010

Profit and Loss Statement

2009 2008

Recession Survival

• Steel and high tech companies – recession proof

• IBM is a “software-and-service-oriented” firm.

• IBM’s integrated approach of performing multiple services to clients.

• Very intelligent investments in BRIC countries.

• High cash flow allows IBM to provide good financing.

Dec 2009 – Dec 2010

Current Issues - Acquisitions

Sterling Commerce, Netezza Corporation, Unica Corporation, OpenPages

IBM’s Share Prices are Higher Then Ever.

Recent Government Policy Effects

• To save money on health care and pensions, IBM may cut 300,000 workers by 2017.

• IBM outsourcing jobs to India because of strong US dollar and weak regulation.

Bibliography• http://www.google.com/finance

• 2009 Form 10K Annual Report

• http://moneymorning.com/2009/01/26/international-business-machines-corp/

• http://www.reuters.com/finance/stocks/keyDevelopments?symbol=IBM&pn=5

• http://www-03.ibm.com/press/us/en/pressrelease/32514.wss

• http://www.computerweekly.com/blogs/inside-outsourcing/2010/04/ibm-could-reduce-its-workforce-by-299000-in-seven-years.html

• http://www.cnn.com/2009/US/03/26/ibm.outsourcing/index.html?eref=rss_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_topstories+%28RSS%3A+Top+Stories%29