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IBM CHAIRMAN SAYS "NEW IBM" IS EMERGING

 IBM CHAIRMAN SAYS "NEW IBM" IS EMERGING
 DENVER, April 27 /PRNewswire/ -- IBM Chairman John F. Akers told


stockholders today that IBM has made significant progress in transforming itself into better focused, increasingly independent business units.
 Speaking at the company's annual meeting here, Akers said that IBM units throughout the world have taken strong, tangible steps to increase their competitiveness, quality and responsiveness to customers.
 "Across the world, a new IBM is emerging -- smaller and smaller organizations, more focused, faster paced, moving toward their financial objectives and collectively pulling the IBM company to increased prosperity," Akers said.
 For example, he said that IBM's Personal Systems business has been segmented into more than a dozen businesses. IBM United Kingdom has been segmented into more than 30 businesses, and IBM Italy is now comprised of more than 20 different businesses.
 For customers, these changes will result in shorter product development cycles and increasingly tailored hardware, software and services offerings.
 "Our objective is to shape an IBM that is faster and more skilled in entering markets, creating businesses, and serving customers by unleashing the freedom of our people to compete and win in chosen markets," Akers said.
 As part of the company's ongoing restructuring, IBM stepped up efforts in the first quarter of 1992 to streamline and consolidate its worldwide manufacturing, development and marketing resources, strengthen its product line and expand its business alliances, he said.
 From 1986 through the end of this year, IBM will have reduced its worldwide work force by more than 80,000 employees, eliminated 94,000 staff positions and 11,000 management jobs while maintaining the company's commitment to full employment, Akers said.
 Despite continuing concerns about ongoing global economic uncertainty, IBM is encouraged by its first-quarter 1992 results, and the company is on track toward achieving its 1992 and long-range financial goals, he said.
 "Our objective is to reach 18 percent return on equity as rapidly as we can. And, we believe that over the next three years or so, we will, allowing us to sustain our investments for future prosperity while delivering enhanced financial returns to our stockholders," Akers said.
 He added that the information processing industry, while continuing to be battered by difficult worldwide economic conditions, remains a growth business.
 "This industry remains the engine of productivity for worldwide economies," Akers said. "Its prospects remain attractive for well- managed companies. And, IBM is well positioned to participate and to prosper."
 -0- 4/27/92
 /NOTE TO EDITORS: Full text of Akers' remarks are available upon request./
 /CONTACT: Rob Wilson of IBM, 303-640-8386, or after April 27, 914-765-6565/
 (IBM) CO: International Business Machines Corp. ST: New York IN: CPR SU: RCN


SM -- NY083 -- 3183 04/27/92 12:47 EDT
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Publication:PR Newswire
Date:Apr 27, 1992
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