UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 4, 2002
(Date of earliest event reported)
INTERNATIONAL BUSINESS MACHINES CORPORATION
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(Exact name of registrant as specified in its charter)
New York 1-2360 13-0871985
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(State of Incorporation (Commission File Number) (IRS employer
Identification No.)
ARMONK, NEW YORK 10504
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(Address of principal executive offices (Zip Code)
914-499-1900
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(Registrant's telephone number)
Item 5. Other Events
The company announced on June 4, 2002, the decision to sell its disk
drive operations to Hitachi, Ltd., which under generally accepted accounting
principles will be accounted for as a discontinued operation.
The financial results from prior periods will be presented to conform
with this accounting treatment. The company is publishing its 2001 financial
statements to facilitate an analysis by users of the company's 2001 financial
statements under this required format.
The discontinued operations accounting and disclosures required by the
accounting rules are discussed on page 77 of Exhibit 99.1 of this Form 8-K.
In addition, certain events that occurred subsequent to December 31,
2001 are disclosed in note X on pages 110 through 113.
These financial statements are included in Exhibit 99.1 and Exhibit 99.2
of this Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 IBM's audited financial statements and accompanying notes, and the
management discussion for 2001, 2000 and 1999 reclassified to
reflect the company's continuing and discontinued operations.
99.2 Computation of Ratio of Income from Continuing Operations to Fixed
Charges for the years 2001 through 1997.
99.3 Consent of Independent Accountants.
IBM's web site (www.ibm.com) contains a significant amount of
information about IBM, including financial and other information for
investors (www.ibm.com/investor/). IBM encourages investors to visit its
various web sites from time to time, as information is updated and new
information is posted.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
Date: November 4, 2002
By: /s/ Robert F. Woods
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(Robert F. Woods)
Vice President and Controller