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November 16, 1993

IBM INVESTMENT SALES

By CBR Staff Writer

News that the new IBM Corp is seeking to sell many of the investments built up by the old IBM has to be unmitigated good news, because the old IBM picked some real clunkers in which to invest: of one of them, Policy Management Systems Inc, where IBM is seeking to sell its 16% stake, the Wall Street Journal says So you guessed the number of jelly beans in the jar at the office party? Here’s a tougher challenge – try guessing Policy Management Systems’s earnings for the past three years: nobody knows.

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