Top Institutional Shareholders
  of Top 8 IT Services Cos.    
  as of 30-Sep-06 IBM  
  Institution Name $ Value Change
      (Mill)  
         
  Market Cap (12/08/06) $141,390 -1%
  Market Cap (12/06/04) $140,400  
  Institutional Ownership % 57% 1%
  Insider Ownership % 0%  
      # Shares 12/31/04-
      (Mill) -12/08/06
1 Capital Research 67.57 48.4%
2 State Street   66.85 -34.6%
3 Barclays   54.21 -5.9%
4 Vanguard Group 39.52 3.5%
5 Fidelity   20.29 -19.9%
6 Wellington   19.94 33.7%
7 Alliance Bernstein 18.27 87.2%
8 State Farm   16.64 900.0%
9 JP Morgan Chase 16.57 1.5%
10 Blackrock Financial 14.23 900.0%
11 Tiaa Cref   12.85 -3.4%
12 Neuberger Berman 11.72 11.7%
13 Brandes   10.83 900.0%
14 Clearbridge Advisors 10.18 900.0%
15 Morgan Stanley 9.22 0.7%
16 Turkman Capital 8.89 -11.5%
17 T Rowe Price 7.65 -18.9%
18 Banc of America 7.17 -27.1%
19 Deutsche Assets N/A -100.0%
20 Merrill Lynch N/A -100.0%
21 Northern Trust N/A -100.0%
22 Oppenheimer Funds N/A -100.0%

Source: Annex Research

Ownership Information IBM
Shares outstanding 57
Total Positions 859.04M
New Positions 69.62M
Soldout Positions -65.98M
Net Position Change 3.64M
Buyers 453
Sellers 701