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International Business Machines CorpIBM

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Operating Data ($ amounts in million's except per share data)Share Count Operating Margins as a Percentage of Sales

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Fiscal Year End 12-31Sales% Incr. (Decr.)Operating Income (Loss)% Incr. (Decr.)Net Income (Loss) Before Taxes% Incr. (Decr.)Net Income (Loss) % Incr. (Decr.) Diluted EPS (Loss)% Incr. (Decr.)Diluted Shares Outstanding (000's)Gross Profit Selling, G&A All Other Oper. Expn's Operating Income (Loss) Net Income (Loss) Before Taxes Net Income (Loss)

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Yrs

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2005$91,134-5.4%$10,324-4.3%$12,22614.6%$7,9946.6%$4.9111.8%1,627,63340.1%23.4%5.4%11.3%13.4%8.8%

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200691,4240.3%12,82924.3%13,3178.9%9,41617.8%6.0623.4%1,553,51941.9%22.2%5.7%14.0%14.6%10.3%

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200798,7868.1%14,47412.8%14,4898.8%10,41810.6%7.1518.0%1,456,88142.2%22.3%5.3%14.7%14.7%10.5%

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2008103,6314.9%17,09218.1%16,71515.4%12,33418.4%8.8423.7%1,387,80044.1%22.6%5.0%16.5%16.1%11.9%

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200995,757-7.6%18,1896.4%18,1388.5%13,4258.8%10.0113.2%1,341,40045.7%21.9%4.8%19.0%18.9%14.0%

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Qtr's

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2010

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Q1$22,8575.3%$3,0513.2%$3,51512.6%$2,60113.3%$1.9715.7%1,321,60043.6%24.8%5.5%13.3%15.4%11.4%

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Q223,7242.0%4,5705.4%4,5757.3%3,3859.1%2.6112.5%1,296,70045.6%21.3%5.0%19.3%19.3%14.3%

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Q3

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Q4

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YTD$46,581 $7,621 $8,090 $5,986 $4.58 44.6%23.1%5.2%16.4%17.4%12.9%

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Note: The % Increase (Decrease) is based on a comparison with the same period (year or quarter) in the prior year.

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Cash Flow Data Share Price Data Valuation Metrics and Information Dividend Info Net IncomeOther Consensus Estimates

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Fiscal Year End 12-31Cash Flow From (Used) million's)Cash Flow (Used) Per ShareShare Price End of PeriodShare Price High (During Period)Share Price Low (During Period)Market Cap (million's)Market Cap / by Annual SalesPrice Earnings Ratio TTMEPS Growth Rate TTM / PE Ratio Dividend Yield TTMAmt.% Return On Equity% Return Total AssetsLiab.'s as % of EquityRevenueEPS (Loss) Per SharePeriod Covered

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YrsLatest estimates as of 09-10-10

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2005$14,914$9.16$82.20$94.97$71.85$133,7911.516.70.70.9%$0.7824.7%7.4%219.5%Q-1 2010

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200615,0199.6797.1597.8872.73150,9241.716.01.51.1%1.1030.6%9.0%262.1%Q-2 2010

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200716,09411.05108.10121.4688.77157,4891.615.11.21.4%1.5036.6%9.3%323.0%24,1102.74Q-3 2010

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200818,81213.5684.16130.9369.50116,7971.19.52.52.3%1.9058.8%10.7%713.4%27,8804.00Q-4 2010

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200920,77315.49130.90132.8581.76175,5891.813.11.01.6%2.1574.4%12.3%381.6%98,69011.29Year 2010

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Qtr's

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2010

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Q1$4,437$3.36$128.25$134.25$121.61169,4951.712.51.21.7%$0.5546.6%9.7%377.5%Q-1 2011

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Q23,7662.90123.48133.10116.00160,1171.611.71.21.9%0.6562.8%13.0%391.1%Q-2 2011

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Q3 Q-3 2011

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Q4 Q-4 2011

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YTD$8,203$6.26$1.20102,39012.36Year 2011

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Develops and manufactures information technology (IT) products and services worldwide. Its Global Technology Services segment offers IT infrastructure and business process services, such as strategic outsourcing, integrated technology, business transformation outsourcing, and maintenance. The company's Global Business Services segment provides professional services and application outsourcing services, including consulting and systems integration, and application management. IBMÂ’s Software segment offers middleware and operating systems software comprising WebSphere software enabling clients to integrate and manage business processes across their organizations; information management software for database and content management, information integration, data warehousing, business analytics and intelligence, performance management, and predictive analytics; Tivoli software for infrastructure management, including identity, data security, and storage management; Lotus software for collaboration, messaging, and social networking; rational software, a process automation tool; and operating systems, which manage the fundamental processes that make computers run.

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Balance Sheet Information (millions) - Assets, Liabilities & Shareholders Equity Per Share Information Other Info & Metrics

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Fiscal Year End 12-31Cash, Marketable Securities & InvestmentsAccounts Receivable - TradeInventoryFixed Assets - Net of Accum. DeprctnGoodwill & IntangiblesAll Other AssetsTotal AssetsTotal LiabilitiesStock- holders EquityTotal Liabilities & Stock- holders EquityShare Price End of PeriodNet Book Value Per Diluted SharesCash, Mrktble Secur & Invstmnts Per ShrNet Book Per Share Excldng IntngblsEPS Amount TTMPrice Earnings Ratio TTMEarnings Yield TTM

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Yrs

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2005$18,660$24,428$2,841$13,756$11,104$34,959$105,748$72,650$33,098$105,748$82.20$20.34$11.46$13.51$4.9116.76.0%

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200619,03726,8482,81014,44015,05625,043103,23474,72828,506103,23497.1518.3512.258.666.0616.06.2%

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200721,39428,7892,66415,08116,39236,111120,43191,96128,470120,431108.1019.5414.688.297.1515.16.6%

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200817,96527,5552,70114,30521,10425,894109,52496,05913,465109,52484.169.7012.94(5.50)8.849.510.5%

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200919,35326,7932,49414,16522,70323,514109,02286,38522,637109,022130.9016.8814.43(0.05)10.0113.17.6%

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Qtr's

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2010

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Q1$19,771$23,511$2,524$13,841$23,507$22,054$105,208$83,175$22,033$105,208$128.25$16.67$14.96($1.12)$10.2812.58.0%

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Q218,27923,4922,59513,53423,07022,450103,42082,36121,059103,420123.4816.2414.10(1.55)10.5711.78.6%

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Q3

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Q4

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TTM= Trailing Twelve Months