International Business Machines Corporation NYSE: IBM

A lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of all persons who purchased the common stock of International Business Machines Corporation (NYSE: IBM - News; "IBM") between April 5, 2005 and April 15, 2005 (the "Class Period").

The Complaint alleges that IBM violated federal securities laws in regard to public statements it made prior to the official announcement of its first quarter, 2005 financial results. Specifically, IBM held an analyst conference call on April 5, 2005 during which (the Complaint alleges) IBM misrepresented the nature of an anticipated earnings miss. The Complaint alleges that IBM wrongly blamed the expected shortfall on the implementation of SFAS 123R (options expensing) rather than properly disclosing its significant and material operations problems. On April 14, 2005, IBM officially reported first quarter 2005 financial results that were even lower than it had revealed on April 5 and it further disclosed that this earnings miss was significantly attributable to problems with operations, rather than wholly attributable to the implementation of SFAS 123R.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.