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Last week, IBM reported its first quarterly earnings miss in eight years, and the company said at the time that it would spend $1 billion cutting jobs among its workforce as a way to reduce expenses.
Lotus 1-2-3 is a discontinued spreadsheet program from Lotus Software (later part of IBM).It was the first killer application of the IBM PC, was hugely popular in the 1980s, and significantly contributed to the success of IBM PC-compatibles in the business market.
Almost 78,000 Queensland Health staff received inaccurate pay, or no pay at all, for a number of months due to serious system defects. These defects, delays and other issues resulted in the total end-of-project cost being $181 million, with an estimated ongoing cost to repair, maintain and operate the system of around $1.2 billion over eight years.
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
When looking at IBM stock, the valuation metric that stands out to me is its price-to-free-cash-flow ratio of 18, which measures the company's $215.2 billion market capitalization against the $12. ...
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The Phoenix pay system is a payroll processing system for Canadian federal government employees, provided by IBM in June 2011 using PeopleSoft software, and run by Public Services and Procurement Canada. The Public Service Pay Centre is located in Miramichi, New Brunswick.
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