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IBM Board Authorizes Additional $3.5 Billion in Share Repurchases


ARMONK, N.Y. - 26 Oct 1999:

-- IBM today announced that its board of directors has authorized the company to repurchase up to an additional $3.5 billion of IBM common shares. IBM said it plans to buy shares on the open market from time to time, depending on market conditions.

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Contact(s) information

Rob Wilson
IBM
914-499-6565
wilsonr@us.ibm.com

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