You missed the most interesting number in the report
Since I'm an IBMer, I'm going anonymous with this--
The most interesting number in the entire release was that the company spent $19,000,000,000 buying back its own stock. That's nineteen billion dollars.
Think of what it could have done for employees or retirees or earned down the road from reinvesting that money back in the business. I'd have been happy with a nifty $50,000 bonus.
What a grotesque waste of money. I hope it keeps Sammy's stock options afloat awhile longer. :-(