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o 18 809 In our discussion of International Business Machines (IBM) and its stock performance over the last five years, we found IBM has not

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o 18 809 In our discussion of International Business Machines (IBM) and its stock performance over the last five years, we found IBM has not achieved the maximization of shareholder wealth has achieved the maximization of shareholder wealth has exceeded the return on the S&P 500 Index has exceeded the return on the S&P Information Technology Index 19 80 Earnings Per Share (EPS) can be found on a company's Balance Sheet Income Statement Statement of Cash Flows Sources and Uses of Funds Statement

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