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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000912057-02-003205.txt : 20020414
<SEC-HEADER>0000912057-02-003205.hdr.sgml : 20020414
ACCESSION NUMBER:		0000912057-02-003205
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20020129
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20020129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL BUSINESS MACHINES CORP
		CENTRAL INDEX KEY:			0000051143
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER & OFFICE EQUIPMENT [3570]
		IRS NUMBER:				130871985
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02360
		FILM NUMBER:		02521024

	BUSINESS ADDRESS:	
		STREET 1:		1 NEW ORCHARD ROAD
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10504-
		BUSINESS PHONE:		9144991900

	MAIL ADDRESS:	
		STREET 1:		ONE NEW ORCHARD RD
		CITY:			ARMONK
		STATE:			NY
		ZIP:			10504
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2069086z8-k.txt
<DESCRIPTION>8-K
<TEXT>
<Page>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                        Date of Report: January 29, 2002
                        (Date of earliest event reported)

                   INTERNATIONAL BUSINESS MACHINES CORPORATION

             (Exact name of registrant as specified in its Charter)




<Table>
<S>                         <C>                         <C>
      New York                    1-2360                        13-0871985
(State of Incorporation)    (Commission File Number)    (IRS employer Identification No.)
</Table>


                             ARMONK, NEW YORK 10504
               (Address of Principal Executive Offices) (Zip Code)

                                  914-499-1900
                         (Registrant's Telephone Number)

ITEM 5. OTHER EVENTS

On January 29, 2002, IBM issued a press release announcing that Samuel J.
Palmisano has been elected CEO of IBM effective March 1, 2002 and that Louis V.
Gerstner, Jr. will remain IBM chairman through the end of 2002.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     (c) Exhibits

     Number       Exhibit
     ------       -------

     99.1         Press Release dated January 29, 2002.

<Page>





                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.

Date: January 29, 2002



                                 BY:    /s/ ANDREW BONZANI
                                      --------------------------
                                          (ANDREW BONZANI)
                                       ASSISTANT SECRETARY AND
                                      ASSOCIATE GENERAL COUNSEL


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2069086zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<Page>



                                  EXHIBIT 99.1

                      SAMUEL J. PALMISANO ELECTED IBM CEO;
             LOUIS V. GERSTNER, JR. TO REMAIN CHAIRMAN THROUGH 2002


         ARMONK, NY, January 29, 2002 -- The IBM board of directors today
elected Samuel J. Palmisano chief executive officer of the company effective
March 1. Mr. Palmisano, who currently is IBM president and chief operating
officer, will remain president. As CEO, Mr. Palmisano succeeds Louis V.
Gerstner, Jr., who will remain IBM chairman through the end of 2002.

         Also today, IBM announced that John M. Thompson, IBM vice chairman,
will retire from the company and board on September 1.

         "Over the last decade, Sam Palmisano has taken on a number of IBM's
most significant challenges, from building the services business to transforming
our server line," Mr. Gerstner said. "In each instance, Sam has done far more
than manage operations effectively. He has made it both his personal mission and
that of IBM to become the number one competitor in each of these markets. Sam's
unique mix of strategic vision, passion and discipline, combined with his
intimate understanding of IBM, make him the right person to become IBM's next
CEO."

         Mr. Palmisano said: "I'm truly excited to lead IBM in this next chapter
of what already is an impressive era. I feel very fortunate to succeed Lou
Gerstner as CEO. Against all odds, he led IBM back from its darkest days. He
transformed the company's culture and reignited growth. IBM's unflagging focus
on both the customer and technology innovation is a direct result of Lou's
leadership over the last nine years. He will leave a significant legacy."

         Mr. Gerstner, 59, is widely credited with transforming IBM into a
customer-focused global enterprise dedicated to leadership in services and
technology. Since Mr. Gerstner joined IBM in April 1993 through year-end 2001,
the company's share price has increased more than 800%, and its market value has
grown by $180 billion. The company also has gained market share in key strategic
areas, including servers, software, storage and microelectronics. IBM has
received more U.S. patents than any other company for nine consecutive years.

         Mr. Thompson, 59, currently is responsible for identifying and
cultivating major growth initiatives and oversees the company's worldwide
business and technology strategy. Mr. Thompson was largely responsible for
building IBM Software Group into a $13 billion business and the worldwide leader
in middleware. He managed IBM's acquisitions of Lotus Development Corp. and
Tivoli Systems. He also served as president and CEO of IBM Canada during the
late 1980s.

         "I want to thank John Thompson for his many contributions to IBM over
the course of his 36-year career," Mr. Gerstner said. "John's special talent is
that he possesses both an insightful understanding of the strategic imperatives
in our business as well as a savvy operational focus. In the past two years, he
has worked tirelessly with our next generation of leaders to help IBM build new
businesses. As a result, his mark will be felt for years to come."


<Page>

         Mr. Palmisano, 50, became president and chief operating officer of IBM
in September 2000 after holding leadership positions in virtually all of IBM's
operating units. During his tenure as head of IBM Global Services, the business
unit's revenues grew nearly 30% to $32.2 billion.

         Mr. Palmisano also played a key leadership role in a three-year project
to develop and launch IBM's eServer product line, which incorporates open
standards and mainframe-like reliability across all platforms. As head of IBM's
server and enterprise storage businesses, he spearheaded a major initiative to
embrace Linux, the open source software, across IBM's server line. Today all of
IBM's hardware and software products support Linux. In more recent years, Mr.
Palmisano has overseen a cross-company effort to improve IBM's go-to-market
approach, dramatically streamlining sales procedures and strengthening
relationships with all of IBM's major customers. Mr. Palmisano spent several
years in senior leadership positions in Asia. A graduate of The Johns Hopkins
University, he joined IBM in 1973 as a sales representative in Baltimore,
Maryland.

                                      # # #


                                  END OF FILING

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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