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January 23, 1997updated 05 Sep 2016 12:37pm

IBM SHAREHOLDERS UPSET AT DECISION TO RELEASE RESULTS LATER

By CBR Staff Writer

Plenty of people are irked about IBM Corp’s decision to move its results announcement to the end of the day, none more so than small shareholders who are complaining bitterly that the move gives the big boys plenty of time to trade the shares up or down in light of the results in after-hours trading, while the small shareholder is locked out until the official opening next morning. IBM is deeply concerned about the individual shareholder, and told the Wall Street Journal that it made the change mainly to please analysts and big investors, and that they did consider that some individual investors might have different interests but added that the executives who made the decision did not consider it a significant factor.

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