Edward Jaffe wrote:
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.
Not when it's a MARGIN!!!!!!! :-(
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