Re:They're probably right, but... (Score 1)

The analysts read annual reports. IBM 2006 Annual report states: 355766 people in IBM and 100% owned subs. 45% in America Leaves a good 160000 IBM personnel in America. However the report states: The U.S. at approximately 127,000 employees. I did not see any distribution over departments, but the message is clear, there is some hick-up on the numbers. PS: but who believes the annual reports ;-)