Comparison of One-, Five- and Ten-year Cumulative Total Return for IBM, S&P 500 Stock Index and S&P Information Technology Index
The following graphs compare the one-, five- and ten-year cumulative total returns for IBM common stock with the comparable cumulative return of certain Standard & Poor’s (S&P) indices. Due to the fact that IBM is a company included in the S&P 500 Stock Index, the SEC’s rules require the use of that index for the required five-year graph. Under those rules, the second index used for comparison may be a published industry or line-of-business index. The S&P Information Technology Index is such an index. IBM is also included in this index.
Each graph assumes $100 invested on December 31 (of the initial year shown in the graph) in IBM common stock and $100 invested on the same date in each of the S&P indices. The comparisons assume that all dividends are reinvested.
|IBM Common Stock||$ 100.00||$ 79.24|
|S & P 500 Index||100.00||63.00|
|S & P Information Technology Index||100.00||56.86|
|IBM Common Stock||$ 100.00||$ 107.19||$ 90.22||$ 108.06||$ 121.93||$ 96.61|
|S & P 500 Index||100.00||110.88||116.33||134.70||142.10||89.53|
|S & P Information Technology Index||100.00||102.56||103.57||112.29||130.61||74.26|
|IBM Common Stock||$ 100.00||$ 117.50||$ 93.01||$ 133.01||$ 85.83||$ 103.42||$ 110.86||$ 93.31||$ 111.75||$ 126.10||$ 99.92|
|S&P 500 Index||100.00||121.04||110.02||96.95||75.52||97.18||107.76||113.05||130.91||138.10||87.01|
|S&P Information Technology Index||100.00||178.74||105.63||78.31||49.01||72.16||74.00||74.73||81.03||94.24||53.58|