IBM 2012 Annual Report Download - page 142

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141
Performance Graph
International Business Machines Corporation and Subsidiary Companies
Comparison of Five-Year Cumulative Total Return for IBM,
S&P 500 Stock Index and S&P Information Technology Index
The adjacent graph compares the five-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. Under those rules, the second index
used for comparison may be a published industry or line-of-busi-
ness index. The S&P Information Technology Index is such an index.
IBM is also included in this index.
The graph assumes $100 invested on December 31 (of the initial
year shown in the graph) in IBM common stock and $100 invested
on the same date in each of the S&P indices. The comparisons
assume that all dividends are reinvested.
(U.S. Dollar) 2007 2008 2009 2010 2011 2012
IBM Common Stock $100.00 $79.24 $125.67 $143.62 $183.01 $193.87
S & P 500 Index 100.00 63.00 79.67 91.67 93.61 108.59
S & P Information Technology Index 100.00 56.86 91.96 101.32 103.77 119.15
80
07 08 09 10 11 12
200
50
110
140
170