>Last week I saw that IBM is selling off *some* of their building >downtown for condo's
You didn't say where. IBM sold its Cottle Road facility in San Jose. I can't imagine how much it sold for, but given the value of property in Silicon Valley, and given the potential cost of cleanup after 50 years of disk manufacturing, they probably made out pretty well. I believe the employees moved to SVL. > IBM announced earlier this month that it plans to freeze pension > benefits and put workers into a 401(k) plan Defined benefit plans are endangered. If you have one, consider yourself lucky. If you don't, good luck getting one. Even with the conversion to 401K, IBM's benefits are competitive with most US companies. This is reality in 2006. Look at the pension obligations for GM and Ford to understand why this change is commonplace. Bob Shannon Rocket Software ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
