IBM 2006 Annual Report Download - page 120

Download and view the complete annual report

Please find page 120 of the 2006 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

PERFORMANCE GRAPHS
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
118 2006 Annual Report
Black
MAC
390 CG10 2718 129
‘01 ‘02 ‘03 ‘04 ‘05 ‘06
160
140
120
100
80
60
40
20
0
DOLLARS (USD)
‘96 ‘97 ‘98 ‘99 ‘00 ‘01 ‘02 ‘03 ‘04 ‘05 ‘06
450
400
350
300
250
200
150
100
50
0
DOLLARS (USD)
‘05 ‘06
140
130
120
110
100
90
80
DOLLARS (USD)
COMPARISON OF ONE- FIVE- AND TEN-YEAR CUMULATIVE TOTAL RETURN FOR IBM,
S&P 500 STOCK INDEX AND S&P INFORMATION TECHNOLOGY INDEX
The following graphs compare the one- five- and ten-year cumulative
total returns for IBM common stock with the comparable cumulative
return of certain Standard & Poor’s (S&P) indices. Due to the fact that
IBM is a company included in the S&P 500 Stock Index, the SEC’s
rules require the use of that index for the required five-year graph.
Under those rules, the second index used for comparison may be a
published industry or line-of-business index. The S&P 500 Information
Technology Index is such an index. Each graph assumes $100 invested
on December 31 (of the initial year shown in the graph) in IBM com-
mon stock and $100 invested on the same date in each of the S&P
indices. The comparisons assume that all dividends are reinvested.
2005 2006
l IBM Common Stock $. $.
l S & P 500 Index . .
l S & P Information Technology Index . .
ONE-YEAR