Phil Payne wrote:
I refer the honourable gentleman to Page 39 of IBM's latest quarterly SEC
filing at
http://www.sec.gov/Archives/edgar/data/51143/000110465906069905/a06-19062_710q.htm
For the nine months ended 30 September 2006 IBM's gross margin on software was
84.6%. I
apologise to IBM for overstating the figure as 85%.
Gross figures are meaningless. Net is all that matters.
--
Edward E Jaffe
Phoenix Software International, Inc
5200 W Century Blvd, Suite 800
Los Angeles, CA 90045
310-338-0400 x318
[EMAIL PROTECTED]
http://www.phoenixsoftware.com/
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