via Bloomberg:


International Business Machines Corp. dropped $2.54 to $105.35 on Instinet. The largest seller of computer services and hardware didn't treat the $300 million sale of its optical transceiver unit as a one-time gain when the company reported fourth-quarter earnings last month, the New York Times said.

The sale was used to lower operation costs, a practice that doesn't provide an accurate picture of a company's operations, the paper said, citing accounting experts.



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