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IBM DECLARES DIVIDEND

 ARMONK, N.Y., Jan. 26 /PRNewswire/ -- Directors of International Business Machines Corporation (NYSE: IBM) today declared a quarterly cash dividend of $.54 per share on the common stock versus the former quarterly payment of $1.21. The dividend is payable March 10, 1993, to holders of record Feb. 10, 1993.
 IBM Chairman John F. Akers said, "The board of directors took this action only after serious deliberation and careful consideration of IBM's earnings and the investments required for the long-term development of our businesses, as well as our intention to pay an appropriate return to shareholders. After weighing all of these factors, and taking into account the need to maintain IBM's strong financial position, the board decided to act now in the best long-term interests of the company and its shareholders."
 Mr. Akers emphasized that the company remains strongly committed to its ongoing strategy to improve IBM's competitiveness and profitability. This strategy includes redirecting resources to growth areas such as services and software, client-server computing, networking and multimedia; increasing the autonomy of business units; and aggressive cost-reduction efforts, such as the work force and capacity reduction actions the company announced last December.
 Mr. Akers said, "Although serious challenges remain ahead for IBM, we are confident that we are on the right path. We are resolved to do whatever is required to improve the company's financial performance."
 -0- 1/26/93
 /CONTACT: Rob Wilson of IBM, 914-765-6565/
 (IBM)


CO: International Business Machines Corp. ST: New York IN: CPR SU: DIV

PS -- NY017 -- 8947 01/26/93 09:32 EST
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Publication:PR Newswire
Date:Jan 26, 1993
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