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**INTERNATIONAL BUSINESS MACHINES CORP., 590, ALBANY, NY**

**Operations:**
IBM's operations are primarily in the field of information handling systems.

Equipment services to solve the increasingly complex problems of business, government, science, time regulation, defense, broadcasting, medicine and other areas of human activity.

IBM's activities include development, marketing, sales and systems, program products, telecommunications systems, office systems, typewriters, office educational and training systems, and service services - services. Most products are also leased or sold through IBM's extensive marketing organizations. Selected products are marketed through authorized dealers and resellers and supermarkets.

**RECEIPTS AND EXPENSES**

| RECEIPTS | EXPENSES |
|----------|----------|
| Domestic | $37,000,000 |
| Foreign | $20,000,000 |
| TOTAL | $57,000,000 |

**ANNUAL ANALYSIS**

* Domestic: $30,750,000
* Foreign: $16,250,000
* # of employees: 40,000