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Michael;

IBM follows a calendar year for purposes of software/hardware sales. Financial reporting might be different but the end of October (end of US Federal budget year) and end of December are very important for bonus calculation etc. When you hear an IBM executive discussing say 4th QTR they are referring to October, November, December. and so on.

Jim Oberholtzer
Chief Technical Architect
Agile Technology Architects


As I recall, IBM's fiscal year doesn't coincide with the calendar year. I
could be way off, but I think the first quarter ends in December. That
would put the second quarter sometime January through March, yes?


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